Tag: french real estate

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Understanding your French tax obligations when buying property in France

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Make sure you understand your French tax obligations when buying property in France

If you are going to buy property in France make sure before you buy French real estate you investigate your tax obligations.

From what we have read online when you arrive in France with an intention to reside there indefinitely you become a tax resident the day after arrival. If you do not intend to spend all your time in France you need to carefully follow the French residence rules and know how they impact your French tax obligations.

According to Blevins Franks who studies French tax guidelines you will be deemed tax resident in France if you meet any of these four tests:

  • France is your main residence or home.
  • France is your principal place of living; this usually means more than 183 days in France per calendar year.
  • Your principal activity (occupation) is in France or your main income arises there.
  • Most of your substantial assets are located are located in France.

You can if you wish contact BlevinsFranks for more details but we are not affiliated with them.

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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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How to Value French Real Estate Core Concepts

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French real estate is very similar to real estate outside of France, in the sense that the core concepts are similar.

When you contact an English speaking French real estate agent they are going to look at the following core concepts to obtain a sense of value of the French real estate. As a seller or buyer of French real estate you can if you wish consider them as well.

One

Location

It always starts with the location of the property. Is it desirable? Is it a location that will appreciate over time? Some people will tell you a beautiful home with a great floor plan will move into first position for the value of the property. However, how can this be true? You can indeed build a nicer home in a great location but you cannot create a nicer location than the one the property is in. So location remains top priority

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French real estate advertisement Allee de stationnement pour un vehicule avec portail mean?

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Have you every wondered what ‘Allée de stationnement pour un véhicule avec portail’ means in a French real estate advertisement?

It does not mean an Alley as we would think of in English, it means a driveway that has room for a vehicle. ‘Avec portail’ means with a gate.

Remember if you are buying a property with a driveway to have checked the condition of the driveway and its ability to support your vehicle. Make sure as well you test driving in and out.

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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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French real estate advertisement what does Pas de tableau electrique mean?

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In a French real estate advertisement have you ever wondered what does Pas de tableau electrique mean?

Maybe you guessed it, it means no electrical panel. This many sound amazing but we have visited old French homes where there was no electrical panel in place so you can only guess that the cost of the electrical work to be done in the home would be significant to bring the home up to current safety standards.

Make sure you have a qualified electrician inspect a home that needs electrical work and make sure that you get more than one estimate of the cost to have the electrical work done.

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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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French real estate advertisement what does un grenier a amenager mean?

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Have you ever wondered whaht what does un grenier à aménager mean in a French real estate advertisement?

A ‘grenier’ is an attic and ‘à aménager’ means to convert so you have an attic space you can convert in the home advertised.

Of course, you need to check if they can be done following local building codes.

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

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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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