Tag: english speaking french real estate agent realtors france

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Tragic French real estate accident

There was a tragic French real estate accident in Angers, France.

According to this French real estate article in Le Figaro it was during the evening of October 15, 2016, 18 young people fell to the ground when a balcony on the 4th floor of the “Le Surcouf” residence collapsed in Angers city center. The fall of the balcony also collapsed the two balconies on the floors beneath it. You can see the image in the French article here of the building after the balconies fell.

Five people will be tried in court next year before the Angers Criminal Court for homicides and unintentional injuries.

Four people died and fourteen were injured, mostly students.

It reminds us all once again to pay close attention to the quality of construction in French buildings and in fact in buildings anywhere in the world.

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Moving to France Tax Considerations to Know About

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If you are moving to France to enjoy the French real estate experience first hand you will need to be aware of tax considerations.

For starters, you will need to know about your French residential status since French residents are liable to French income tax, social charges, capital gains tax, inheritance tax and maybe even wealth tax so it is an excellent idea to get informed.

We are not connected to Blevins Franks, however, we just received an email from them with details you can check out.

The link to their French tax considerations article is here.  (Make sure the information you obtain is up to date so note the date of the article)

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If you are looking for an English speaking French tax real estate lawyer please contact us here.

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What is a Grenier or Vide Grenier in a French advertisement?

The French term Grenier refers to an attic, the storage area under the roof in a house.

The term ‘vide’ means empty and when the two words are put together ‘vide grenier’ you have what is a sale of items by people who want to empty out their attics.

In North American the equivalent to a Vide Grenier is a garage sale where a property own uses their garage as a temporary store location to sell items to the public passing by.

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

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What is a Fosse Septique in a French property advertisement?

The presence of the term Fosse Septique needs to get your attention. Fosse septique is a septic tank, a type of sanitary system used to collect the liquids and solids that exit your toilet.

When you see this term in an advertisement you need to make sure the French property owner has had the Fosse Septique inspected and that it is still in excellent working order.

You also need to find out the last time it was cleaned out and when the next cleaning is due.

Make sure you contact a septic system specialist to learn all you need to now before buying a French property with a Fosse Septique.

In general, it is an important item you need to budget to maintain. When you find properties without a Fosse Septic they are typically connected to a town sanitary system via a series of piping. Make sure you have this confirmation in writing, ask your English speaking notary for advice.

Important note: Always make sure you know if a French property has a Fosse Septic and the condition of the system before you commit to any purchase.

This article is simply a reminder. Always see legal advice before buying a french property.

Below you can get your free introduction ebook about French real estate mistakes to avoid

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Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

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