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A Gite can be a wonderful French real estate business opportunity if you choose correctly.
Watch this short video to learn what exactly is a Gite.
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If you read in a French real estate advertisment “C’EST UNE MAISON RESTÉE DANS SON JUS” you will be wondering what it means.
We have learned that in general it means a very old building, typically a building in need of lots of restoration.
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What is PVR used for?
This tax was used for:
The creation and development of new roads
The development of the existing roads
The establishment or adaptation of the storm drainage system
Street lighting
The network for Drinking water, electricity, sanitation.
***** Interestingly we have found the following information online about the PVR in France.
“Cette taxe a disparu le 31.12.2014 à minuit ! Elle ne peut plus être instituée depuis le 1er janvier 2015. Mais elle peut continuer à s’appliquer dans certains cas.”
Which means:
“This tax disappeared on 31.12.2014 at midnight! It can no longer be instituted since 1 January 2015. But it can continue to apply in certain cases.” This last part is very important.
The best recommendation is for you to consult the local city hall in the city you plan to do work on your property.
Make sure you check in person and get your response in writing and seek legal tax advice for your own peace of mind.
Rules and regulations can change frequently in France.
I took this short video of the wonderful old staircases. Look out for a longer video coming soon that will features views over the village.
If you would like to make contact with an English speaking French real estate agent to help you find your dream French home, we can help you connect at no charge. Contact us here.
Check out this short video of the charming medieval windows in a fortress home.
If you would like to make contact with an English speaking French real estate agent to help you find your dream French home, we can help you connect at no charge. Contact us here.