4. Guarantees on an 'Off-Plan' French Property
4.1. Checking Out the 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 hundreds of registered property developers in France, and amongst the largest are:
- Kaufman & Broad
- BNP Paribas
- Bouygues Immobilier
- Groupe Pichet
- BPD Marignan
Most developers are members of the Fédération Promotion Immobiliers, 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 InfoGreffe, 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
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