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Features of the purchase of real estate in France

In general, France is considered one of the most expensive European countries. And this largely applies to the local real estate market. However, investments in such objects are considered quite promising, so if there are free funds, you can try this option. Moreover, the process of buying residential and commercial real estate in France is quite simple, both individuals and legal entities can be acquired without any restrictions, and the buyer’s rights are reliably protected. Theoretically, you can even do without the participation of lawyers and lawyers. But, of course, in this case you need to carefully study the current legislation. At the same time, you cannot do without knowledge of the French language. Firstly, otherwise you simply cannot negotiate. Secondly, you will not be able to delve into the terms of the transaction. If your knowledge is not enough, hire a translator. As for the execution of documentation, everything is simpler here, since all transactions of this kind occur with the participation of a notary public, which in this case acts on behalf of the state. And by the way, it is he who is responsible for violation of the law or possible errors in the contract of sale. In addition, it is the notary who should check the purity of the transaction and the technical condition of this property. The purity of the transaction means clarifying all the important points – to whom the house belonged, whether this object is in pledge, etc. D. By the way, this can take several months. It is important to remember that in France all operations for the purchase and sale of real estate are carried out by bank transfer, although when buying apartments in residential complexes in St. Petersburg, they are currently also preferred to carry out transactions on non -cash calculation. That is, the buyer will need to open an account with a French bank, then then pay a certain amount of money there. You can also open an account using a notary. As a rule, after preliminary signing of the contract, 10% of the total value of the object is transferred to the account. This corresponds to the norms accepted in Europe. An important point is that the buyer of real estate has the right to cancel the preliminary contract of sale within seven days, even if it has already been signed. Then his money will be returned to him. There is another important feature – in France it is necessary to insure the real estate object. This condition is mandatory, the notary monitors its implementation.