Frequently Asked Questions About Real Estate in France
Welcome to Our FAQ Section! Whether you're planning to buy, renovate, or invest in real estate in France, this page is designed to answer your most pressing questions. Explore the categories below to find clear and concise answers. If you don't see your question here, feel free to reach out to us directly!
The process includes defining your project, searching for a property, making an offer, signing a preliminary contract, securing financing, and completing the sale with the notary.
2
Residency requirements
Non-residents are allowed to purchase property in France without restrictions.
3
Required documents
You will need: A valid ID, Proof of address, Recent bank statements, Proof of income (e.g., pay slips, tax returns), A mortgage approval (if applicable)
4
Role of the notary
The notary ensures the transaction's legality, drafts the official deed, handles taxes and fees, and finalizes the sale.
Financing Your Purchase
1
Secure a mortgage
Evaluate your borrowing capacity. Prepare a solid financial file with income proofs and assets. Compare bank offers. Negotiate interest rates and loan terms.
2
Additional costs
Notary fees (7–8% for older properties, 2–3% for new builds), Agency fees (if applicable), Registration taxes, Loan guarantee fees (for mortgages)
3
Non-resident mortgages
Yes, but lenders may require a larger down payment and additional documentation.
Renovations and Permits
Renovations requiring permits
New constructions
Extensions over 20 m² (or 40 m² in urban zones)
Modifications to the façade or roof
Pools larger than 10 m²
Renovation subsidies
Yes, France offers programs like MaPrimeRénov' and eco-loans for energy-efficient renovations.
Required insurance
A damage insurance policy is mandatory for major works. Contractors must provide a ten-year liability insurance certificate.
Renting and Investment: Furnished vs Unfurnished Properties
Furnished Rentals
Shorter lease terms
Tax benefits (e.g., LMNP status)
Unfurnished Rentals
Longer lease terms
Fewer tax advantages
Taxes on Rental Income
Income Tax
Social Charges
17.2%
Local Taxes
Property tax and possibly residence tax
Airbnb Restrictions in France
1
Primary Residence Rental Limit
In cities like Paris, you can rent your primary residence for a maximum of 120 days per year.
2
Registration Requirement
Registration with the local authorities is mandatory.
3
Compliance
Ensure you follow these rules to avoid penalties and maintain a successful Airbnb rental.
Still Have Questions?
If you didn't find the answer you were looking for, don't hesitate to contact us. Our team is here to help!