Are you thinking about buying property in France?

Buying properties in foreign countries like France is no longer a nightmare thanks to the introduction

of simplified processes and easier transactions by the French government. Nowadays, even

foreigners can enjoy the same rights as enjoyed by the local residents when it comes to buying a

property in France. But, as always, there a few caveats or misconceptions which you need to be

familiar with before you can go ahead and purchase a property in France and they are listed below.

1. There is no need to be a French speaker to purchase property

Gone are the days when you had to struggle in convincing French real estate owners to sell their

property to you. With the advent of globalizations, you can easily hire a professional real estate

agent who is well versed in both French and English so that you can easily carry out the local

transactions and communications with the help of the real estate agent.

The main benefit of hiring a local real estate agent is the fact that he or she will be able to provide

you with a wealth of information on the best property deals that are currently available and supply

you with the correct investment options that will show great appreciation in the years to come.

2. Have an account in a local bank

It would be a good idea to open a bank account in any one of the banks in France, especially those

which are competent enough to handle international monetary transactions with great efficiency so

that you can withdraw and transfer money easily from your home country’s bank account to your

French bank account. Plus, you can also make use of the French bank account to pay your monthly

utility bills or property taxes that you may incur.

3. Availability of cheap mortgage

Nowadays, most of the French banks are willing to work with foreign clients who are interested in

buying properties in France and it may be possible for you to get a mortgage loan for your property

provided that you satisfy all the terms and conditions spelled out by the bank to which you are

applying to. The interest rate is pretty low and you can benefit from it if you apply for a loan with a

longer tenure.

4. Significantly lower amount of property taxes

The property taxes that you need to pay when you buy a property in France is much lower when

compared to other developed countries like the United Kingdom or the United States of America.

Hence, you can enjoy better savings if you go ahead and invest in a property in France.

The above mentioned points are just a few of the important guidelines which you should be aware

of if you are planning to invest in French properties. For detailed information, you might have to get

in touch with some of the local real estate agencies or agents and find out the exact process involved

so that you can make the necessary preparations to successfully buy a property in France.

For more information, please visit: http://www.heslop-platt.co.uk/