Avoid mistakes. Understand how the French real estate buying process works with ESREA France
Click the link below for the most recent French Real Estate Property Historical Pricing Trends. You will arrive at the English page on the Government of France website. The page shows historical trends in French real estate and property as of April 2023
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French real estate can come with surprises.
When you buy a French property you want to make sure you check all the paper work and if you do not read French get someone to help you understand it. Then after you buy the property you need to do the same.
Why? because sometimes mistakes are made. For example, in one commune in France the city hall charged owners almost 10 percent more on their property taxes than was meant to be charged because the city hall clerk made a mistake. Tip: check all bills from the government office before you pay when you own a french property and when you buying make sure the numbers are correct.
Original article in French here
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Where has the property tax soared the most in 2022 is important to know when you are buying French real estate.
According to this article in Lefigaro, in 2022, the property tax was increased for the 32 million taxpayers who pay it. Tax has risen by nearly 5% for the 200 largest cities in France, according to a study by the National Union of Property Owners unveiled by Le Parisien .
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French real estate advertisement must indicate coastal erosion to better assist buyer and renters next year.
As part of the new Climate and Resilience law from January 1, 2023 French Real estate agents will have to specify on their advertisements – showcase and websites – if the French real estate accomadation / property is located in an area exposed to the retreat of the coastline, according to a decree published on October 1 in the Official Journal as per an article in Lefigaro.
The notice in the advertisement should also mention the website French government website Georisques where buyers (or tenants) can find out about the risks
You can read the original article published in French here. Translate if you wish into English in your browser.
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French real estate renovations can potentially increase your property taxes.
In a recent article in the French newspaper Lefigaro there is an article that explains that depending on the types of renovations you do in your home your property taxes can be increased.
Two examples from the article:
You add a swimming pool your property taxes may be increased.
You convert dead space in your attic your property taxes may be increased.
May sure you check with your local city hall to find out the impact on your property taxes before you do any renovation.
Read the full article for more examples. It is in French but you can translate it in your browser.
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