French Real Estate Buyer delai de retraction cooling off period now 10 days

esrea france

French real estate buyers can now take longer to reflect on whether they have made the right decision to sign an agreement to buy French Real estate.

The loi macron (french) named after the French minister who is currently proposing French real estate rule changes has now make a change to the the ‘delai de retraction’, cooling off period that is part of consumer law in France. Buyers now have 10 days instead of 7 days.

To qualify to exit an agreement without penalty just like with the 7 day period buyers must fulfill certain guidelines. Visit the English speaking French notary site for more details.

This is good news for buyers. But bad news for Sellers. Contact an English speaking French real estate agent in your area of choice to learn more. Need guidance to an agent contact us.