Below are the answers to some of the most frequently asked questions by investors today when considering purchasing their property in France.
Yes, foreign nationals can own property without restrictions in France.
Property in France is historically a good investment due in part to a stable economic and social environment that poses no threats to your investment.
Capital growth of around 10% per annum can be achieved in some key areas and despite higher gains offered in the more risky investment arenas of today’s emerging markets, France still remains a firm favourite amongst British and other European and US investors looking for a safe environment in which to put their money while gaining worthwhile returns.
If you are looking for a buy-to-let investment then France offers enormous rental potential, both in residential and commercial property lettings. Guaranteed rental options abound and yields of around 7-10% are typical. The French tendency to rent rather than buy makes France a great location in which to provide highly sought after rental opportunities in busy tourist or urban areas.
Just a short Channel hop away from the UK and offering a fantastic quality of life and culture, a slightly warmer climate and lower property prices in many areas, France is a firm favourite amongst British homebuyers who purchase French holiday homes for personal use or rental. Many others even relocate or retire to France in search of a better lifestyle while being conveniently close to their families “back home”.
The average cost of living is generally lower than in many other EU countries, particularly in rural areas, while Paris is of course an exception with some of the highest prices in Europe. Thanks to the priority given by the French government to ease the purchase procedure by overseas property investors, foreigners can purchase real estate in France without limitations and can benefit from tax advantages involved in leaseback purchase. The French government sees foreign investment in general as a way to create durable jobs and stimulate further economic growth. A skilled and productive technology-orientated labour force as well as a central European location, along with many services and a strong infrastructure all continue to attract foreign investors to France.
France is easily connected to the UK and budget airlines fly to most French airports, making it an ideal short break away. Alternatively, the Channel Tunnel and cross Channel ferries allow you to travel with your car to a number of convenient ports on France’s northern shores. You are then free to explore onwards via an excellent road infrastructure linking all areas of France and the rest of the Europe.
What is the direct flying time from UK to France?
Direct flying time to Paris from the UK is 1 ½ hours.
Is a visa required to enter France?
A visa is not required to enter France and you can stay for an unlimited period if you are from an EU country and hold a passport (valid for at least 3 months beyond your length of stay) or ID card. However if you are from Australia, Canada or the USA and intend to stay for a period longer than 90 days, you will need to apply to your nearest Embassy for the necessary documentation.
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