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

1. 4.1. Checking out the Developer
2. 4.2. Financial Guarantees
3. 4.3. Building Guarantees

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.