BUYING A PROPERTY ON THE FRENCH RIVIERA

French Riviera is one of the most beautiful regions in the world. The villas in South France are idyllic beauties which attract a lot of foreign investors. Hence, real estate in the South of France is a vibrant and booming industry. With regard to property for sale in South of France, generally demand exceeds supply. It is an investment which yields revenue for the money invested. It is also a market where non-resident property investment is on the rise on account of the many financial options available.

Buying a property on the French Riviera can be a remarkable investment both as a second home and an investment property abroad. There are a number of reasons for this. The following will give you an idea as to why it is so important to buy France real estate.

Increased Growth Rate - The property values in France are increasing and in the recent five years there has been a marked increase in the price range, especially in the French Riviera region. According to the FNAIM, real estate in the South of France, to be particular in the French Riviera, has shown an average growth rate of 8% every year. This steady growth rate is partly due to the gorgeous romantic villas in South France.

Finance for Property – Property for sale in the South of France comes with various financial options. For both the residents and non-residents of France, mortgage and financing are available for easy property acquisition. There are options such as leaseback investments and 100% financing for foreign investors. The tax treaty between UK and France has also brought in lot of buyers from Britain.

Once you decide to buy property for sale in the South of France, you have to analyze the pros and cons of your investment. Real estate in the South of France offers you preferences. The strictly regulated process of property buying in France can be carried out in three simple ways. They are as follows:

• Cash Payment – You can pay ready cash for your property to buy in the Provence. The payment can be made to the seller or the agent once all the terms and agreements are over between both the parties.
• Mortgage - Financing property in France is done by many banks. The banks offer mortgage loans for both re-sale properties and new developments. While going for a mortgage it is necessary to follow the procedures set by banks for easy processing of the loan.
• Re-Mortgage - The option is to mortgage another property of yours for the new investment made in France. But, when go for re-mortgage, you have to be very careful. Your villas in South France can cost your own dear home as the property which is re-mortgaged will be taken by the bank when the mortgage amount is not paid.

After making arrangements for buying property for sale in South France, one has to be prepared to meet the initial expenses involved. According to the legal proceedings of real estate in South France the buyer has to bear the initial costs involved in the property buying process. The following are the three costs:

While signing the sales agreement contract, the buyer has to pay a deposit amount which will usually be 10% of the price for the property to buy in the Provence. The deposit cheque has to be submitted to the Notary and not to the seller.

Notary fee – The Notary fee will be charged based on the property for sale in the South of France. If it is an old property it will cost around 8% of the purchase price. But if it is a new one then, it will be half of the previous rate. It will also vary for resident taxpayers and non-resident taxpayers.

Land or property registration fee – it varies from region to region in France. Real estate in the South of France has its own rates. In South France, this fee has to be paid to the Notary. Finally, agency fee should also be paid for ensuring smooth transaction.

LUXURY COTE D’ AZUR VILLAS FOR SALE

France has always been a fascinating destination for Europeans. To enjoy the varied climatic conditions people are ready to invest money on property South of France. South of France Real Estate has always been a stable and strong property market where one can invest in luxury villas. The best among them are the Cote d’Azur villas!

With majestic Alps rising and falling along the Mediterranean coastline, Cote d’Azur is a worldly heaven in South France. The big luxury villas lined up along the coastal line, the freshness of jasmine, the taste of mimosa, the luxury of Mediterranean sunshine - it is a place that everyone would love to live in. Cote d’Azur has lucrative investment options. One among them is to buy a luxury Cote d’Azur villa. Cote d’Azur, located in the South of France, has opulent coastline villas with private swimming pools. Properties south of France are set in wide spread green land and Cote d’Azur is no exception. The spacious living room with sophisticated bedrooms, fully fitted kitchen and elegant bathrooms are lively masterpieces of the place. These villas can serve as holiday homes as they are along the coastal line, amidst restaurants and shopping centres.

Being the second costliest place in France after Paris, South of France Real Estate prices are souring high. A buyer has to be aware of the legal proceedings and compare the current price rates, as Property investment in the Provence is quite a costly affair. Property South of France, especially Cote d’Azur villas, is a worthy investment. Fully furnished and decorative luxury villas can be bought and rented by investors. Buying the villas only as investment is in no way a wrong step as it is profitable. In case of lack on funds, one can always get help of mortgages.

Buying property in France should always be done through the French notary. The French Notaries will ensure smooth and correct transactions with regard to documents and legal procedures. They also make sure that the buyer sails smoothly through the mortgage process. The buyer has to sign a purchasing contract before applying for an French mortgage. The Notary will arrange papers accordingly saying “subject to clause” which indicates buying property through mortgage. In such a case, Mortgage Cote d’Azur has a provision for buyers to withdraw from the purchases and if necessary, mortgages obtained can be cancelled and the deposit amount will be reimbursed.

On approval of the mortgage, the lender will grant the remaining amount for the purchase. It will be passed to the Notary and the process of all parties signing the deed of the transfer will be arranged. Any tax dues or Notary fee dues are to be paid during the deed of transfer. On completing all the Mortgage Cote d’Azur procedures, the luxury villa becomes the buyer’s. South of France Real Estate is in demand and hence property investment in Cote d’Azur is worth its price.