How can a foreigner buy a house in Provence?
In 2011, the real estate market of Provence is booming. And even the fact that inexpensive houses sometimes have to sell for 4-6 months, does not bother experts. In their opinion, for the provincial real estate market this is quite a normal time.
The prices for real estate in Provence, despite their insignificant decrease in 2010, remain very high. The cost per square meter of housing in the region ranges from � 2,5 thousand to � 10 thousand. The cost of village houses without plots of land is about � 300 thousand ($ 425 thousand), while the price of a cottage with a garden or terrace can reach up to � 700-800 thousand, writes the New York Times.
Most of the quality villas in Provence are estimated at & euro; 1-2 million, and only occasionally buyers pay more than � 7 million for housing in the region, say realtors.
About 40% of all property buyers in Provence & ndash; Foreigners. Most of them are citizens of Northern Europe: Belgium or Britain. Also, real estate in this French province attracts customers from America, Australia, South Africa and New Zealand. And in the picturesque region of Luberon, representatives of the colder regions of France hold their rest.
There are no restrictions on the acquisition of real estate by foreigners in Provence. However, there are several differences in the transaction. In particular, taxes on income from sales vary depending on which country the owner lives in, whether it is the first house or the second, and also how long the seller owns the house.
The related costs when making a transaction with real estate in Provence are quite high - they are 6-7% of the price of the property. This includes notary fees.
In France, the asking price for an object usually includes a commission of the agent, which is 5% of the value of the object. In addition, in Provence, one agent controls the entire sale process, unlike other countries, where each side hires its own broker.
The annual cost of maintaining a property in Provence is about � 3.6 thousand, according to realtors.
Real estate offers in France.
The fifth republic is one of those countries where foreigners in rights are few inferior to citizens. Any good person with a good credit history, regardless of the passport can use the French banking services. From this text you will learn how to take a mortgage in France ... Read.
When we hear the phrase "real estate in France", then the rhinestone seems something elegant and very expensive. We all heard about small apartments in Paris or on the Cote d'Azur, the cost of which is estimated at hundreds of thousands of euros. What can we say about country houses, which certainly cost a fortune ... or not? To read.
Paris is consistently included in the list of the most expensive cities in the world for the purchase of housing. And to acquire an elite real estate here can afford and only very wealthy people. But despite this, in recent years, due to a number of economic factors, the local market has noticeably sagged relative to its global competitors. International demand has fallen, and the rate of price growth has declined. True, there have been positive changes recently ... Read.
You know for sure that you will soon live in another country. Or maybe they started thinking about it recently. In any case, your eyes are most likely turned towards Europe. Prian.ru asked Yevgeny Tsikunov, the director of the company "Second House", to tell about the differences between the European Union and the Schengen zone, and about how all this affects the choice of the country and the program for obtaining a residence permit and second citizenship in Europe. To read.
Residential property in Paris is worth its weight in gold. The average cost of a "square" in the central areas ranges from � 7,000 to � 11,000. Even a small apartment here can afford only a very well-off person. What can you do if you do not have extra millions, and you want an apartment with a view of the Eiffel Tower? There is a way out - you can buy a microquartier! To read.
in other countries.
Founder: Limited Liability Company "PRIAN"
Address of the founder and editorial office: 196105, St. Petersburg, Yuri Gagarin Ave., house 1.
The certificate of registration of the mass media of EL No. FS 77 - 70710 was issued by the Federal Service for Supervision in the Sphere of Communications, Information Technologies and Mass Communications (Roskomnadzor) on August 15, 2017.
How can a foreigner buy a house in Provence?