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Buying Off-Plan Property in France

Welcome to our comprehensive Guide to Buying Off-Plan Property in France, your indispensable on-line resource to buying french property through a French developer. If you are looking to buy a new property in France, then this is certainly one approach. Others, more interested in property development in France, choose to buy off-plan as an French investment property. In this guide we focus primarily on the main contractual aspects of buying off-plan, with an examination of the main contract used, called the Vente en l’état futur d’achèvement (VEFA) or Vente sur-plan. The process is highly regulated in France, but it still holds traps for the unwary.

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1. Introduction

2. Preliminary Contract

2.1. Purpose of Contract 2.2. Deposit 2.3. Cooling Off Period

3. VEFA Contract

3.1. Contract Documentation 3.2. Price 3.3. Delivery Date 3.4. Fees 3.5. Grounds for Withdrawal 3.6. Insurance

4. Guarantees

4.1. Checking out the Developer 4.2. Financial Guarantees 4.3. Building Guarantees

5. Payments

6. Delivery

6.1. Handover & Delivery 6.2. Non-Conformity 6.3. Defects 6.4. Retention