House Buying Process in France

Buying Off plan
- 1. Introduction
- 2. Preliminary Contract
- 3. Vefa Contract
- 4. Guarantees
- 5. Payments
- 6. Delivery

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4. Guarantees on an 'Off-Plan' French Property

4.1. Checking Out the French Developer

The VEFA contract provides a range of legal guarantees for the purchaser, but perhaps the most important factor in the whole equation is the quality and track record of the developer.

There are over 800 registered property developers in France, and amongst the largest are:

Promogim
Icade
Kaufman & Broad
Nexity
Bouygues Immobilier
Meunier
France Terre
GE Real Estate
Groupe Pierre et Vacances

Most developers are members of the Fédération des Promoteurs-Constructeurs, the professional body for property developers, and a list of all their members is contained on their web site.

You can also check out their financial status on the national company registration site of Euridile, although you will need to pay a fee.

If possible you should also visit one or more recent developments the developer has completed and speak to the property owners.

Next: Financial Guarantees on an 'Off Plan' French Property

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