When you are considering buying French real estate that is part of a coproperty, for example, an apartment, it is very important that you have a professional help you review the financial condition of the co property. The management of the development may have a lot of outstanding debt and one of the things that could be contributing to increased costs is the recent increase in the cost of fuel used in building that have a centralized heating system.
This article here in LeFigaro that you can translate in your browser says at the time of wriging that Condominiums with more than 10 lots have a total debt of 2 billion euros, with an average default rate of 20%, that averages out at 8000 euros per condominium.
Make sure you consult with an English speaking French notary before you consider buying a French condonminium.
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