French Real Estate Airbnb and the New Digital Law Loi Numerique

english speaking French real estate agents

French real estate has been changed recently by the loi Alur, the loi Macron and coming soon with just a final approval needed the Loi Numérique will impact French real estate owners and buyers.

French real estate will be impacted in several ways.

Here are two examples:

One
French Real Estate Seasonal Renters Registration
Owners of French real estate who use online platforms like Airbnb will be impacted.

The new loi once in place will according to an article in explorimmo allow cities with a population of more than 200,000 after consulting with the local council / city hall, require owners that do seasonal renting to register their property with the local authorities and the local authorities may be able to state how often you can rent per year.

Two
French Real Estate Seasonal Owners Income Disclosure
Additionally platforms such as Airbnb will be required to disclose contact details of owners who have earned over 5000 euros per year via the platform to help the government recover the taxe de séjour.

For more details consult with your local English speaking French real estate tax adviser. If you need help to find one you can contact us to assist you.

Source article in France here

French Real Estate Buyer delai de retraction cooling off period now 10 days

esrea france

French real estate buyers can now take longer to reflect on whether they have made the right decision to sign an agreement to buy French Real estate.

The loi macron (french) named after the French minister who is currently proposing French real estate rule changes has now make a change to the the ‘delai de retraction’, cooling off period that is part of consumer law in France. Buyers now have 10 days instead of 7 days.

To qualify to exit an agreement without penalty just like with the 7 day period buyers must fulfill certain guidelines. Visit the English speaking French notary site for more details.

This is good news for buyers. But bad news for Sellers. Contact an English speaking French real estate agent in your area of choice to learn more. Need guidance to an agent contact us.