There are some important points to know about French property law :

1. Do I need a solicitor?
   The same lawyer, or notaire, represents handles both the buyer and the seller's side of the transaction.
2. If I agree to buy, am I committed?
   Once the seller and buyer agree on the price the sale becomes legally binding.
3. Do I need a deposit?
   The buyer pays a 10 per cent deposit and signs the Contract or “Compromis de Vente”. Buyers that fail to follow through the purchase without good reason lose their deposit.
4. Do I have to pay Stamp Duty?
   There is a purchase tax in France, similar to Stamp Duty in the UK, of a single payment made on buying a property. If you intend to live in your property, you will probably be liable for a residence tax to the local authority and possibly an annual "wealth" tax.
5. How big a mortgage am I allowed?
   French law allows borrowers to commit one third of their pre-tax salary to mortgage payments, after deducting other loans, mortgages or rent.
6. Why are there more empty properties in France then in the UK?
   One of the reasons there are so many empty properties in France is that, under French law, if a property owner dies, a share goes to each child, regardless of the will. It is also impossible to sell the property until the youngest child is 18.

But remember by using our associates in France, we can help guide you through the process; from arranging translation, finding a notaire to financing your purchase.

viva la difference!