Buying Off-Plan Property in France
Tuesday 20 February 2007
Off-plan properties are normally located within a city-centre, near the coast or in a skiing resort.
It is not unusual amongst the French to buy off-plan, either for own occupation, or for letting as an investment project.
Although there are always risks with buying anything you cannot see, there is a good level of consumer protection offered to those buying off-plan in France and, most of the time, things proceed satisfactorily.
If you select carefully, there is also often the possibility of realising an attractive capital gain on the property, as prices on the whole development generally move upwards with the progress of building works.
Nevertheless, as with any business transaction, you need to have your wits about you and act with caution. Whilst there may well be a robust framework of consumer rights, the law has its limits, and you can trip up badly if you do not take a commercial approach to the project.
You can learn more in our guide to Buying Off Plan Property in France.