Author: The ESREA France Team

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Whats does immeuble or residence de standing mean in French real estate?

The French real estate term immeuble or residence de standing means that the residence is one of higher quality and up scale features compared to most residences in the area. For example, the residence may have its own caretaker on site or it own private swimming pool in the residence.

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What does A Saisir mean in a French real estate ad?

If you are reading a French real estate ad and you see the phrase ‘A Saisir’ it means in English ‘Seize the opportunity”.

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What does the French term vue degagee mean in a French real estate ad?

The French term vue dégagée typically means the view is open with nothing blocking your view towards something interesting to see. For example, vue dégagée sur les collines means open view towards the hills.

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How much is the droit de mutation on French real estate?

The droit de mutation is essentially a French property transfer tax. The amount of the tax depends on the purchase price of the French real estate you are buying since the tax is a percentage of the sale price.

If you read French there is a comprehensive graph in this article that helps explain the current percentage ‘droit de mutation’ in France. It also indicates the potential increase of this tax that will take place sometime in the early part of 2014.

So if you plan on buying French real estate it is important you speak to an English speaking French notary to determine the impact on the cost of your purchase.

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What is droit de mutation in french real estate?

When you buy French property at this time you pay a fee to the notary and this fee includes what is call the ‘droit de mutation’ to the French Fiscal Adminstration.

The simplest explanation in English of the ‘droit de mutation’ is a French property transfer tax.

To find out the exact amount of this tax and how it can impact you contact an English speaking French notary

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