3. VEFA Contract for 'Off Plan' French Property

1. 
   3.1. Contract Documentation
   3.2. Price
   3.3. Delivery Date
   3.4. Fees
   3.5. Grounds for Withdrawal
   3.6. Insurance

3.2. Price for 'Off Plan' French Property

The contract will give either a fixed or provisional price. In most cases, it will be a fixed price.

If it is a provisional price then it must also state the basis on which the price may be revised, which cannot be greater that 70% of the increase in the official 'cost of construction' price index.

As market conditions have softened considerably in France during 2008, you should be able to negotiate hard on the deal.

Be tough on the level of the specification and endeavour to get a reduction on the advertised sale price.