France Real Estate
Magnificent Real Estate and Property in France
If you're in the market for European real estate, then you will find France real estate attractively affordable – especially right now, as the dollar is the strongest it’s been against the Euro in more than a decade. France is a predominantly rural country, so if you have notions of restoring a cottage, a farmhouse, or even a château, there's an ample supply of real estate for sale in France for you to choose from.
French Real Estate Agents
French real estate agents (agents immobiliers) are strictly regulated. They must be in possession of a “carte professionelle”, which can be issued only by the agent's local authority upon producing evidence that the immobilier has a minimum bond or guarantee with respect to the deposit of monies received from property buyers.
More than 8,000 French real estate agents belong to FNAIM (Fédération Nationale de l'Immobilier), a recognized professional body. FNAIM can provide you with a list of member agents in your chosen area. The organization's website has a comprehensive list of agents as well as a database detailing properties available in any given area. The FNAIM network includes expat British real estate agents who have relocated to France. Obviously, the British house-buying system is not the same as that in North America, but these agents are used to answering questions – in English – about how the process works for buying real estate in France.
If everything is new to you, and you're unsure of your French language skills, these agents can help you open a bank account and get set up with gas, electricity, and telephone companies. French real estate agents can do the same, but not all speak English.
The Supply of Real Estate in France Will Not Suddenly Dry up – So Don't Rush In
The first rule is of buying real estate in France is: don't rush in. Unless your heart is set on a home in the more popular areas of Provence, there are more than enough French castles, farmhouses, and village houses on the property market for everybody. The supply is not going to dry up suddenly, so take your time. Visit a range of different properties in France to get an idea of French real estate prices. Clearly, you want to get as much maison as possible for your dollar. And note: it's quite acceptable to make an offer.
Away from the really high-profile areas, houses often sell for less than their listing prices. In France the business of conveyancing (the buying and selling of property), is handled by a notaire. A notaire is first and foremost a public official – not a lawyer – responsible for ensuring that all deeds are authentic and of incontestable value. You will have to appoint one to act for you. Because they are personally responsible for the contracts drawn up, they must be objective in the advice given and must act with impartiality toward the various contractual parties. Consequently, the same notaire often acts for both vendor and purchaser. Although engaging your own notaire isn't strictly necessary, it is in your best interest.
French Real Estate Prices
The prices in France can run the spectrum, from glittering apartments in Paris that cost $20 million dollars to ramshackle stone village houses that cost less than $20,000. As with anywhere, real estate prices tend to directly correspond with the popularity of the region, town or neighborhood. Naturally, real estate in large cities are usually more expensive than equivalent properties countryside or rural homes, and houses in the sunny south will inevitably cost more than those in the damp western coast. But there are good value or even bargain homes to be found almost every region in France, even if it finding them may require patience.
Buying French Real Estate
Buying real estate in France is not a difficult process. In most cases, the procedure is completed within two to three months:
The agent will draw up an initial contract of sale, or a compromis de vente. Remember, unless you are completely au fait with the process, we recommend that you get your own lawyer and/or an independent notary to look it over before you sign it.
Although the compromis de vente is the most commonly used contract, there are other types of preliminary contracts also. It is vital you remember that there is no standard form so you must be sure about what you’re signing – and be especially sure that it contains any necessary conditions “suspensives.”
These are conditions that, if not met, render a contract null and void and entitle the prospective purchaser to recover his/her deposit. For example, the preliminary contract could be conditional upon the prospective buyer being able to arrange a loan to purchase the property.
The promesse de vente and promessed’achat are two other options, both of which constitute a commitment to sell or buy. In the case of both these contracts the other party is not legally bound. On the other hand, the compromis de vente is a binding agreement that fixes the price and obligates both the vendor and buyer to come to an eventual completion. However, with a promesse de vente or a promessed’achat, buyers who decides to back out won’t lose their deposit, although they could be subject to a claim for damages. The same applies to vendors. If they pull out of the sale, they can be liable for compensation up to an amount equivalent to the buyer’s deposit.
*Prices as of 2015
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Europe offers rich culture, history, sophistication and—with today’s strong dollar—affordable living as well. The InternationalLiving.com report points to the five best-value countries for a European retirement today.
The glittering, cerulean Mediterranean. Not a bad view every morning as you enjoy coffee and croissants from your terrace. Life is good. Sunny days. Freshcaught seafood. Crashing waves your lullaby every night…or for those drowsy, afternoon, after-lunch siestas. And salt-scented breezes keeping things cool.
The original Riviera (from the Italian word for “seashore”) sprang up in southern France and the bordering region of Italy. Upper-crust Brits, northern Europeans, and—later—well-heeled Americans flocked here for the beach resorts, casinos, and parties. Author F. Scott Fitzgerald had a villa here in the Jazz Age, although it’s said he was a horrible party guest. The term riviera has been adopted by regions all over the world, in places where the sun, surf, and vacation vibe live on. And when we hit the new-school rivieras in the developing world, expect to get a real bang for your real estate buck.
Imagine sleeping to the gentle bob of the tide or of a river current, then waking up to cast off the moor lines and set out for adventure. Or, more often, to stay at anchor, enjoying the lull of the water while having a fixed address and access to onshore services. That’s the life that houseboat living offers.
Owning a French vineyard is the ultimate dream for many expats—and it’s easy to see why. From Burgundy to Bordeaux, France’s vineyards lie in some of the most beautiful areas of the country and have produced extraordinary wines coveted throughout the world. To live in such an idyllic setting, drinking wine from your own grapes and playing some small role in wine’s ancient story, is a concept that’s both thrilling and gratifying.
It’s a quiet day in late June on the beach in Deauville. As I walk along the water’s edge, golden sand crunching beneath my toes, it almost feels as if the mile-long beach is all mine. Tranquility reigns right now, but a change is coming. Near the boardwalk, row after row of multi-colored beach parasols, elegant as Ralph Lauren models, are standing as ready as soldiers.
Every day in my travel research I come across the terms “hidden gem,” “off the beaten path,” “unspoiled, authentic, undiscovered…” The Dordogne region of France is the only place I have been to date where it is actually true. Castles sit like crown jewels along the river banks. My family and I often found ourselves beating our own path through the oak forests toward the river bank.
Pundits are divided on whether Spain’s property market will see further price falls. A huge overhang of unsold homes remains, but for the first time in seven years, sales in Málaga province showed an increase in 2013. Spain will always be a popular retirement destination for northern Europeans, and the number of U.S. citizens registered as living in Spain has increased, too.
What’s not to love about cultural riches and cobbled charms? Throughout most of Europe, the property market remains in the doldrums, which means you can find bargains. From the Atlantic to the Mediterranean…from Ireland to Greece, there’s a tempting array of move-into properties that will leave you change from €100,000 ($137,000).
It’s called the “Old World” for a reason, and despite two world wars and decades of development, history is evident in the architecture of Europe. You can stroll cobbled streets where lords and ladies once rushed to galas, climb castle steps in the footsteps of armored knights, and explore villages preserved for 500 years or more.
I have never felt spring emerge the way I have in Aix-en-Provence. In April’s infancy, the plane trees were ghostly bare and the shoppers at the outdoor markets were still bowing to the wind, heads down and tucked into their beautiful French scarves.
In the popular imagination, it’s the great capitals of Europe that get the most attention. Tourists flock to Paris, Rome, Madrid, and London for the big-city flair, museums, and monuments. It’s the thing to do. And granted, you should seize any opportunity to stroll the Champs-Élysées on a beautiful spring evening or explore London’s international cuisine and regal parks.
“Gascony’s the real France,” Jean-Jacques said. “Everywhere else—it’s another country.” Jean-Jacques, a local farmer, was leaning from his tractor—behind him, a bright field of sunflowers and the 18th century farmhouse my parents call home. His sun-beaten face squinted down at me. “Gascony is the hidden jewel of France—it’s our best kept secret.”
When moving abroad, renting a place to stay is an attractive option that offers a lot of advantages, whether you’re headed to Costa Rica, Malaysia, France, Mexico, Ecuador, Ireland…or any country. If you plan to buy or build a home eventually, renting allows you to investigate a region and/or community…or several…before you put down roots. You don’t want to be stuck in a neighborhood, region, or home you don’t like.
If you want to increase your future returns while reducing your risk, you should add some emerging-market stocks to your portfolio. It may surprise you that adding riskier, emerging-market assets to a portfolio will reduce overall risk, but it shouldn’t. These markets do not move in lockstep with the U.S. market, which hit a series of all-time highs in the fourth quarter of 2013.
In medieval Europe, keeping an eye out for and guarding against invasion—a frequent occurrence in those days—was no easy feat. But one of a nobleman’s greatest defensive weapons was a castle perched on a rocky hilltop near an important mountain pass. The location itself—surrounded by steep cliff—offered protection.
It’s impossible to escape the geese in Sarlat-le-Caneda. Images of these plump birds adorn shop windows, and products of all kinds are decorated with the likeness of the animals that have been adopted as the unofficial mascot of the area. Often known simply as Sarlat, this town with a population of about 11,000 is in the center of the Dordogne region of southern France. Sarlat offers big-city convenience and activities packaged in a small-town setting that make it a delightful location to visit…
There are those who adore Paris but could think of nothing worse than living in the city center. Romanticism aside, Paris is a big city—and an intense one. After living here awhile, you start to notice that the streets are endlessly thronged. Scooters and motorcycles gun through the streets day and night. And most reasonably-priced apartments are about the size of a walk-in closet. The best way to revel in the advantages of Paris…
The small, pretty town of Chantilly is less than 30 minutes from Paris by train, but when you arrive at the station and take a lungful of fresh air, the big city couldn’t feel farther away. Chantilly (pronounced shahn-tee-yee) lies in the Oise department of France, 24 miles north-northeast of Paris. It is both the name of a town of 11,000 people, and of a larger commune that comprises several other towns and villages, bringing the total population to 36,000.
Think you can’t afford to retire in the South of France? Think again. While it’s true that unless you’re fairly wealthy, you should cross places like Cannes, St. Tropez, and most of the pretty medieval villages of Provence off your list, there are still a number of south of France towns, villages and cities, particularly in the Languedoc-Rousillon region (my favorite), that offer a highly enjoyable lifestyle for a reasonable price.
If you’re a die-hard lover of Paris, there’s probably no possible place on earth to live except in a sweet, 19th-century apartment in Montmartre that offers a glimpse of the Eiffel Tower. Or among the teeming cafés near the Bastille. Or in the glamorous neighborhoods surrounding the Boulevard Saint-Germain.
The accepted story goes that as humankind progressed over the millennia, we abandoned our cave shelters in favor of constructed homes. But plenty of folks still live in dwellings carved out of volcanic rock, into mountains, rocky hillsides, cliffs, or quarries. And they aren’t living a primitive life in caveman-style homes, either (though they are referred to as “troglodyte” homes).
You’ve made plans, set tentative dates…you’re almost ready to take off on your three- or six-month European tour…the next step is a roof over your head. But the short-term rentals offered online can be sickeningly expensive. Fully furnished and ready to go they may be, but with prices often multiples of those you’ll find on the ground, there are better ways to look.
Now is a pretty good time to buy. Thanks to a weak economy and the flight of the wealthy to tax-friendlier countries, housing prices in most parts of Paris were (and continue to be) on their way down for the first time in over a decade. According to a recent Bloomberg news report, Paris prices fell by 2% in the last quarter of 2012 and sales volume is down by 20%. What’s more, prices are likely to fall further over the next year.
For thousands of years skiing was just a way to travel in winter, carry mail and goods to snowbound towns, or—believe it or not—charge into battle. Then in the mid-19th century the first races took place and before long enthusiastic amateurs had taken up the sport.
France is nice, I guess. Lavender fields and a vast wine country surely hold a certain appeal. But it’s Italy that captures the heart and feels like home. My cousin bought a house in a lovely little village in southern France, but when she comes to Basilicata, Italy she feels a pang of regret. How could she not, with so much home-spun seduction enveloping anyone who sets foot in the region?
Mi dispiace, France. I’m sorry. It’s no contest. Even in your rainy-day Brittany region, you can’t come up with a two-story house that a buyer could move into for 18,000 euro ($24,000). We can. It’s not a doll’s house either—there’s 1,290 square feet of living space.
It was a grey Saturday morning in December when we got the knock on the door we’d been dreading. It was the mail carrier delivering a registered letter from our landlord.
They may not have the tropical vibe or clear blue waters of the Caribbean or the Far East, but the islands of Europe do exude their own brand of natural beauty…and are infused with history.
It may be your lifelong dream to live in Paris, Rome, or London…the grand old cities of Europe with a foot in the past and another firmly in the present.
If you’re in love with classic Europe and its history, romance and culture, take heart: Spain, Italy and France aren’t only for the vacationer who saves for months just to visit. Each one of these three countries has numerous small towns and villages that lie under the radar—places with enticingly affordable properties to rent or buy
What’s the secret to a long, healthy, and enjoyable life? A group of researchers believe that residents of five Blue Zones around the world know it. They have the longest life spans on Earth and are less likely to suffer from heart disease, cancer, and other serious conditions.
Oak floors, chandeliers, large fireplaces, and exposed wood beams are things you’d expect to find in a chateau. And this perfect country getaway in Normandy has them all. Built in 1881, it’s set on five acres and surrounded by a mixture of lush green pastures and the forest of Eu. There’s a fruit orchard and the Yres River runs through the property, with a bridge leading to a private island.
For many people, the word “Burgundy” usually brings to mind either a deep purple-red color or an excellent bottle of wine. Here’s what comes to my mind… Fairy-tale woods, winding trails, velvety-brown cattle sitting heavily in the grass, nipping at clover. Springtime hills draped in lemon-yellow blossoms…
At 129 square feet, this apartment is what real-estate agents call “cozy.” But it’s Paris, city of love and romance. From your fifth-floor balcony you have a view of Place de la République. The square gives its name to the historic neighborhood that surrounds it, where the 3rd, 10th and 11th arrondissements (districts) come together. Le Marais, where some of the oldest buildings in the city line winding, narrow streets, is just a five-minute walk away.
Southern France isn’t only a dream-turned-reality for seriously wealthy buyers. Not if you target lesser-known locations. The problem—if problem is the word—is that there is a tremendous amount of south. Without months to spare, uncovering it all is impossible. But here’s one solution.
Roman arenas and triumphal arches suggest Italy. Bullﬁghts and paella sound remarkably like Spain. But they’re as much a part of France’s sunny south as lavender ﬁelds and bouillabaisse. So, too, are village houses for $100,000 to $187,500. Southern France isn’t only a dream-turned-reality for seriously wealthy buyers. Not if you target lesser-known locations.
Right now, doom and gloom in Europe runs deep. But there is a story not being told…one of opportunity borne of this crisis. A story of places where you could own your own piece of the Old World…for less than half the price of a budget family sedan. In Greece and beyond—prices are falling like a rock. And for anybody who ever mused about a European retreat, that’s the silver lining.
Picasso’s Night Fishing at Antibes doesn’t resemble any fishing activity I’ve ever seen. But it’s fun seeing reproductions of art works displayed where they were painted. All along the French Riviera and into the Provencal back country of hill towns, vineyards and flower fields, I kept coming across spots on the region’s Painters’ Trail.
Provence in France. Saying its name evokes memories of sun-drenched hills, starry nights, and the scent of sea-salted rosemary and thyme. Birds sing in olive groves, bees drone in vineyards, flowers spill from terracotta pots. In villages with crinkly-tiled roofs, lizards scurry into niches just as their lizard ancestors did in the Middle Ages.
France Real Estate
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