3. VEFA Contract for 'Off Plan' French Property

3.2. Price

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 over the past decade to 2018, 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.

Next: Delivery Date

Back: VEFA 'Off Plan' Contract

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