|
Purchasing real estate in Europe
|
Your notaire specialises in property and family law and can advise you on any real estate transaction outside France, particularly in Europe. There are nearly 40,000 notaires in Europe available to serve you. They are similar in many ways and will meet and collaborate with each other to serve the best interests of their clients.
The adoption of the euro has made such transactions easier. Today it is simpler than ever to purchase a home in Europe as a primary or secondary residence or as an investment. But although Europe offers a safe opportunity from an economic and political standpoint, there are still many legal obstacles to face. Notaries are calling for the creation of an unified legal system for Europe, since many laws still vary considerably from one country to the next.
For the average citizen, property investment in Europe remains a complex process. Property transactions must meet the requirements of both French and international law. How do you look for a flat, a house or a plot of land outside France? What is the price of real estate in a particular region? Do you need to obtain authorisation or pay a special tax when you purchase a home abroad? Should you report the transaction in France? What bank should you use? If a loan agreement is signed in another country, what country’s law is applicable? Will you enjoy the same protection you do under French law? If you’re married, what effect will your marital regime have on the loan or purchase? To whom will the property belong if you are cohabiting with another person or joined in a civil solidarity pact? Can you let the property? Are you free to sell it? If you make a profit on the sale, is it subject to tax abroad? To whom will the property belong if someone dies? Can you make a will? None of these questions should alarm you, since they apply in France as well. Your notaire will know the proper answers.
When making a purchase in Europe, don’t act alone. A competent, trustworthy legal expert should be at your side every step of the way. Notaires are public officials, authorised by the government to prepare private contracts. They are there to assist you – even outside France. Your notaire is backed by a reliable network of notaries throughout Europe. They will already be familiar with the legal and tax issues to be addressed. You’ll avoid any unpleasant surprises. Your security and that of your family and estate will rest in good hands. |
|
|
|
|
Real Estate
|
|
Alice has lived with Timothée for the last five years.
|
|
|
Renting furnished accommodations
|
|
Furnished tenancy is governed by different legal and tax regulations from those that apply to
unfurnished accommodations. You need to know more before making the investment.
|
|
|
How to purchase
|
When an English person purchases a real estate in France, he worries about what will happen to it after his death.
Considering, French as well as English private international inheritance laws, the real estates are submitted to the law of the location of the property.
|
|