Showing posts with label property. Show all posts
Showing posts with label property. Show all posts

Sunday, October 17, 2010

The buyers of overseas property Go Mad in Languedoc-Roussillon France

France has the good fortune to find a real estate market is stable. His consistency is to continue for the next year. French property prices or attraction and growth prospects strong, reassuring for buyers of overseas property on. France still offers investors a good opportunity to benefit from the growth of property values, there is a region lower this year seem more popular and that is the region of Languedoc-Roussillon

AboutLanguedoc-Roussillon

The region of Languedoc-Roussillon, France was the top area for the fastest growing real estate market in France. Languedoc-Roussillon, France is in the south and extends along the Mediterranean coast and countryside offer a warm climate and beautiful coastline. The main city of the Languedoc-Roussillon are Perpignan, Nimes, which is a city on the border between the provinces of Languedoc and Provence, Toulouse, Carcassonne, Avignon, Narbonne, andBeziers - the main city of the Languedoc Roussillon, southern France.

Languedoc-Roussillon, that all

Montpellier Region Area: 27,376 m² Languedoc-Roussillon region is blessed with mountains, rivers and lakes, ancient cities, towns, resorts, spas, monasteries and cathedrals, palaces and castles, naturism and resorts in the Languedoc-Roussillon made capital. km. Region Population: 2,295,648 units (capital): 11 Aude (Carcassonne) Gard30 (Nimes) 34 Hérault (Montpellier) 48 Lozère (Mende) 66 Pyrénées-Orientales (Perpignan) Montpellier - capital of the Languedoc-Roussillon

The capital of the region is booming

The capital of the Languedoc-Roussillon, Montpellier is the rhythm of life is slow and the quality of life is excellent. The architecture is a mix of old and new, and mix well. Montpellier is booming, and was recently voted as the most popular city to live France -With its beautiful and relaxing shopping center 'Centre Historique', chic and proximity to the beach

Buy French property and set to win

The associated body of real estate agencies in the country (FNAIM) named the Languedoc region as before for the long-term growth, with figures, the region enjoyed 10.3% growth in property prices in the first quarter of 2006, and down off the top spot for investment.

A survey by UK bank Abbey Nationalshowed that the region of Languedoc-Roussillon is the most popular area for UK Overseas Property buyers.The poll showed that most of these buyers are willing to have between £ 50,000 and £ 150,000 to invest in real estate region.

The new French property buyers

The region has seen the arrival of new French nationals buying property in the Languedoc-Roussillon. home buyers now are people from Singapore, Japan, Australia and South Africa. The traditionalforeign buyers in the area, English, Irish, Scottish, Belgian, Dutch and German are also keeping the market strong. The climate is buying a French apartment here, they tend to move from Paris and the north of the country "The strong annual growth, combined with a strong rental market, where a four-bedroom villa with pool for 1000 € more high season, this area is a dream investor.

Buy a French property seems to never lose their appeal of this isDespite the emergence of several new European markets, where prices are low short-term profits are high. buyers of overseas property seems set to win second place on the location of their homes. France is a wonderful place to buy in the region for a second home for retirement or a holiday home in Languedoc-Roussillon time in what seems to be very popular. France is a big country and each region has to offer something to the foreign buyer.

Copyright 2006 NicholasMarr

Saturday, September 18, 2010

France, sales and property Renovations

In France, taxes (known as VAT or sales tax in the UK, USA) TVA is called the distribution of value added tax is an abbreviation for (either in original French: Taxe sur value added ). It 'set at 19.6% (for most goods and services) and 5.5% (for some goods and services).

TVA (VAT) Property Renovations & Extensions

If you are buying a property in France, you should consider that in materials and workmanshipThe costs for renovations or extensions less is taxed at 5.5% instead of 19.6%, and the following three conditions:


The house is at least 2 years. If the house almost 2 years old, you might want to wait a couple of months until it crosses the threshold of two years, lowering the tax rate from 19.6% to 5.5%.
The renovations are small to medium size. If your property needs renovation, may be worth in this production are small individualRenovations over time, the benefits for the lowest tax rate. individual jobs within a period of two years can be considered as a single element of the important place that could be directed to be more than two years in addition to "prevent a renewal of" important threshold.
Work will be performed by a business person registered. Please ask the person a written estimate of work (known in France as "You"), which should show their VAT number. This will have awritten in advance to prove that they can and will work with a fee of 5.5%.

Note that the reduced rate of 5.5% is applicable only if all three conditions are met. For example, if the same materials rather than the craftsmen who buy to buy, you will end up paying 19.6%. Of course, you can still collect and pay for the materials (eg, if you do not want a worker to leave their jobs, receiving little more material), but make sure it is purchased undermerchant's account, which allows to benefit from reduced rates.

some additives (such as a swimming pool or tennis courts) are considered "luxury goods" and are expressly excluded from the reduced rate. If you are unsure if the proposed work is qualified or not, so that the craftsmen doing the work, a written estimate, indicating the reduced rate (as above) or confirm with your tax office.

As an example of the value of the reduced tax rate, Irecently had a plumber install cost me € 20 to € 200 cooler. If I bought the radiator and install it yourself would cost € 239.2 (200 € 19.6% VAT), while a professional plumber, the work was only € 232.1 (220 € 5.5%). It 'been cheaper to do a professional job, as they have to do it myself!

If the work is finished, the craftsman must provide a certification that the work has been done on reducing5.5%. All these documents should be kept until the end of the fifth year following the completion of work as are legally required to provide such documentation should be available at the request of French tax office. In practice this is extremely rare, but it's worth filing of documents in case.

Although a quote prior written by a craftsman professional 5.5% means that he only charged this amount if the tax office should investigate (unlikely, but available), and decide that 19.6%due, it is you, rather than the trader, is that the burden of paying the additional fee for the tax office. Of course, you can groped to regain the additional cost to the merchant, said that wrong, But success depends on this action to the particular circumstances.

TVA (VAT) in French property sales & purchases

When buying a new build property (ie aged under 5 years) or a property that had a complete restructuring (for example, is uninhabitablebefore restoration), then the sale of the property tax debt to 19.6%. Therefore, before signing a bid for a property or contract, or must be willing to pay those taxes or to ensure that they are not applicable to confirm (or get a lawyer, or a clause in the contract if the seller accept all these costs should apply) to accept. If you buy a property that is almost 5 years, you may want to delay the purchase ofproperty until it exceeds the threshold of 5 years, and the need to pay the taxes.

If you sell an item for VAT at 19.6% are aware that the costs of such informed buyers in negotiating the price factor. So if you are a property that is near the threshold of 5 years, you may want to delay the sale until the tax is applicable, so you can get a better price.

Value Added Tax (VAT) and CompensationReclamation

You can retrieve rembursement TVA (French tax) if:


You have goods that you buy or get rid of France,
You have a business idea that another country is registered in France.

If you want to reclaim VAT, you should be aware that probably is responsible for sales tax (VAT) in the country of destination. For example:


If you buy goods in France, the United States takes the land,Although it is possible in French taxes you may be able to the United States, the relevant tax sales.
If you are a business that is licensed in foreign countries and buy goods or services in France, you can call in, French VAT can then be subject to VAT (sales tax) in the country of registration.

Therefore, the VAT reclamation not be a rewarding process when you need to pay in another country. The main advantage is that if the tax rate in France is overanother country (in this case, you win by paying a lower tax rate) and the amount of tax at issue is sufficient for the expenditure and documents in support of a claim.

All requests for reimbursement, paid the original bill. attempt by the attempts by the French tax authorities as an element of tax credits (ie to deceive, refunded taxes twice or more often), have the tax on original documents such as copies.

There are a number of specialized companies thatwill do the paperwork and request a refund of VAT for you (if you do a search on Google for relevant keywords). Alternatively, if you contact the French tax office can provide the appropriate form so that we can recover. Better yet, contact your local tax office and request a copy of the new European module (in English) for the VAT refund.

Sunday, September 12, 2010

Property in France

There are called Real Estate 'consultants' many so-called France in the United Kingdom, the property is more than happy to help you find your dream home, many of them are also very happy to lighten your wallet along.

French try to property for sale in the UK now serious business and like all large companies are seeing significant growth in a short time, more players attempted in this market will have a "piece ofAction ".

Unfortunately for the player opportunistic, always) based in France as an agent (Agent Immobilier is a long and complicated process, because the industry is highly regulated. Not just anyone can rent a shop, stick pictures of houses in the window and call a real estate broker. So for these players is much easier to be based in the UK, away from the watchful eyes of the French tax, social and regulatory authorities and try to make it workfor them in this way.

After four years of strong growth in the French property market, we now see many British company based on the market. Some say that the French estate agents (unless it is an illegal business in the French prefecture registered as real estate), some of you want a huge share of advice (not illegal, unless the person has to ask for them After the seven-day cooling-off period ends), and some even a fee for your property - this is completelyillegal in France - but all these players have one thing in common - they have some or all of their activities based in the United Kingdom. And why? Because if it were based in France, it would more than likely be closed.

So, what you can to protect the French property hunters a lot of shady practices in the industry?

The following events should be ringing alarm bells: -

When asked to pay to register to receive the propertyDetails

When asked to pay to view property

Asked to pay the money before someone stopped the notice period of 7 days

At the request of an agent in a different place from his office, for example, meet in a parking lot

At the request of a fee according to the French mainstream agency to pay for services that a registered agent or Notaire want to offer as part of their normal operation

In short, the only real way to protect yourself is directly connected to aFrench real estate authorized and, above all, the agent is a member of one of the main professional associations in France for homes, or a SNPI FNAIM. Just in front of a local registered immobilier guaranteed a professional service at a fair cost received.

Friday, September 3, 2010

Six Hot Tips for buying a property in France

process of buying property in France, a frightening prospect for some of the other as in Britain or Ireland. To help we have put together six tips to help you in your search property rights help to detect and the final sale. These tips will help not only more efficient and pleasant, but also an understanding of what your property purchase in France, brings.

1) spend a few days its worth it!

If you are serious about yourBuy in France, you must spend at least a couple of days, if not a week or more for the environment you want a really good feel for your property, but also see enough to make the trip worth it. A longer trip will also prevent rash decisions which you make a property purchase on one because you're short of time in France and desperate to get a foothold.

Viewing trips over a long weekend are often not sufficient and complete, these agenciesClosed Sunday and Monday are often also may mean that you really are not enough options to be able to make a rational decision. The best advice is a good week to spend days in ten locations chosen with five or six days for sightseeing and a few more days to do your research if you find something suitable. In these extra days, you can send to a local builder to check the structure of ownership and gives you all the work that is required. AreAlso gives you the opportunity to the local mayor's office Pop, where gathering information, like any planning permission granted in the area so that you can see how it could affect your property, if any.

This is particularly important if you plan to apply for an extension to protect your property you need to reach local authorities are well aware, and your page. If renovation or new construction of these additional days can be spent wisely with a local architect, soThey give advice on what can and can not be done and possible costs. All these controls are well worth before returning to the UK and, ideally, before you bid on the property, like her much better idea of what you can with the property and its value should do to you.

2) Do not be afraid to negotiate

Most people are not sure whether to negotiate in France, and if so to what extent. The answer is YES and you can negotiate is usually between 50-10%the price depends on the state of the market. As I write these areas, we see an up to 10% off the manufacturer, adopted through, because the market in France is currently a bit 'slow, in particular, is now actually a good time to go to the property had offered great hunting . Advice and assistance in negotiations on the price is actually one of the many areas where Leapfrog Properties can help their customers.

3) You will receive an overview / structural assessment

The process of sending aSurveyor of the property considering the structure and give you a report on how you would expect in England is very unusual in France. There are a few French geometer, but most are based in Paris and focus exclusively on commercial property residential. You are therefore left with three choices: do nothing, get a surveyor who moved to France English or French, what do those who are wondering, architect for the property valuation by the customer or local.

The last option ismost recommended, as it is wise to get professional advice before an offer during the time necessary to reach one of the few British surveyor in your property is already sold, you could do. should, however, it is more a matter of peace of mind, as the bargaining power then a first contract of sale is subject to a trademark investigation may be made by the surveyor of your choice. If the survey returns reporting deficiencies to the extent that you do not want to go aheadwith the purchase, you can cancel without penalty.

4) Do not be afraid to sign the first contract

The "compromise sale" (original contract) is to protect both the buyer and the seller. If you have an offer on a property and the agent very soon after asking you to sign a compromis de vente not because he / she is a seller of the press, simply because this is how things are in France. Once this document is signed by both buyerand give the manufacturer really is no room for negotiations and the property is withdrawn from the market, while all the necessary checks are carried out by the notary public appointed.

This is in sharp contrast with the process in Britain, where an offer may be accepted from a supplier and then gazumped few weeks later by someone with a better offer. In the UK, please send your surveyor, after the bid was accepted and then after the report has more room for negotiationsto exchange contracts. This is not the case in France, as can be no assessments, if both gazumped / signatures on the sell side controls the contract, so you should have some spare days, while all the ads on your journey to meet.

Similarly, if you want a flat does not make sense to return to England, before bidding, as the property is often used with other agents 5:04, and could be easily sold, plus the time to sign the paperwork and contracts by Both sides, if you're in another country could support the buyer in a. It is a seven days of reflection, where you can draw from for any reason without penalty if it is as simple as a matter of will a little more time to decide then, it is better to lose the signing of the contract to maintain the property and if possible, the seller's signature on them at the same time.

5) Obtain a loan agreement before planning your trip> France

If you mortgage your negotiating position and have a good idea, what you really afford to have largely improved with a mortgage agreement in principle before leaving. In this way, if you bid, you are sure of themselves if this excessive increase or not, and prevents disappointment later when the bank decides that the risk is too great and you can make the necessary financial resources. This can not only frustrating, but also a waste of time for all involved.It 'a good idea then, with a company that the system already in place to proceed with arranging a mortgage and to answer all questions related to finance. Typical repayment calculator are currently around 3.5% for the financing and resale properties can be easily organized up to 70%, while funding for new construction / lease back often as high as 95% due to strong demand and easy to rent the building of new houses in France.

6) Use a currency specialist

WhenSending money from UK to France, which is a lot of money to be made or lost depending on how you do and with whom. If you simply ask your High Street bank, your money in a bank account in € Frenchman who not only send a fee transaction but also give you something suitable for competitive prices on the exchange. You may even lose money negative exchange rate fluctuations on the strength of sterling against the euro.

To avoid these negativeAnd charges affect a specialist is better, money not only offers the best price for the exchange, but no charge from the Commission on the use of money sent. They will also be able to assess in advance of completion, which often buy three months of signing the initial contract and much more, if you purchase off plan. This ensures that you know exactly how many British pound, you will spend up to two years in advance instead of playingmoney in risky game, which cost thousands elsewhere.

Sunday, August 29, 2010

Properties in France - A look at French property market

As one of the closest countries Britain, France has always dazed the British term Real Estate Investors in all aspects. Historically, culturally, politically, France has always lured investors from around the world, with its precious natural properties distributed throughout the country.

The nation better known as the love capital of the world has a few things in its favor, that the real estate field, to make investment destination in the world today. AsThey say there is something that keeps you hooked the nation's capital Paris. Perhaps no better place to spend a romantic holiday in the city of lovers.

Property in France

After a lean patch recently, the housing market in France is back in favor of British investors. As one of the most sought after destination for commercial and industrial power plants, the country remains one of the bestInvestments in businesses and commercial properties.

Paris is also one of the most popular fashion destinations in the world and, as such goods in the capital, certainly commands a premium. Yes, according to a recent survey, Paris has grown beyond the average real estate investor. But retail investors need not worry as yet can fairly cheap homes throughout the French countryside and picturesque coastal towns.

As the housing market is undergoing aTransition in France, a smart investor can take an interesting country to strike in some of the most important. You can order a price indicator, apartments in Languedoc Roussillon access from EUR 40K. But you still have to go in the top 50K + for a decent house in the Var region of Provence. However, closer to Paris, France, you can lay your hands on comfortable apartments in Ile de for just over 40K. Alternatively, you canFrance could consider a mobile home already located in 13K by.

But back to the alternatives in Paris, prospective investors would do well not only on the hook of the capital, as are many other more viable and economic opportunities throughout the landscape. The country cottage in rural or ski chalet in the mountains are an immediate turn-on for tourists, and offer the best investment if you look for a regular ongoing rentalIncome from your investment property in France.

Other important areas, such as the French Riviera more off the field to the average purchaser of a property. Similarly, cities along the French Riviera, as the millionaire's playground viewed simply too expensive for an average real estate investor. If you're an above average investor, however, then these places an automatic choice for any type of investment.

Overall, the natural choiceReal estate investments in France include the Resort property along the coast, the Alps, residential real estate, apartments, villas, palaces and cities, Paris, Toulouse, Nice and Monaco - and business and trade, such as in and around the Capital City of Paris.

And here's a tip for all potential investors are looking for property in France for a purchase of a property in. The majority of the members speak French and understand only French. So is an additional benefit ifYou brush up on your French before investing in the country.

For love of a property in France English

Even if France is attracting investment from around the world, which has a special place among the pride of British property investors. Here are some of the reasons for this positive development -

- For both countries are founding members of the European Union and enjoy a mutual goodwill among men.

- Regular flights from low cost airlines betweenThe two countries makes the country easily accessible.

- Who can look at the underwater tunnel of the Channel Tunnel between the two countries and the Euro Star rail system running at high speed?

- France offers the closest and one of the world famous holiday destinations in the world for UK coastal and mountain areas, with resorts attracting property investors of all walks of life in France.

- The food and French wine (not to mention champagne!)is too good to resist.

- Option French Leaseback property is a great incentive for investor cash in the British housing boom in the country.

- France offers best rates of return on real estate, both long and short term investors. All you need is the fulfillment of certain laws, and you're the proud owner of a property in France.

- France is a powerhouse of fashion, offering the best of life in modernWorld.

- Increase regular flow of tourists on rental income from the property.