New build property - buying off plan - South of France

Newly built property, be it an apartment in South France or a villa in Cote d Azur for sale, comes with certain advantages when bought off-plan. The term “off-plan” and “new built” are one and the same. It refers to the property which is newly built or which is planned to be constructed by the construction group. But, one should never confuse them with the term “self-built” as it refers to the land which is owned by a buyer who wishes construct his or her own house on it.

South France is attracting a lot of visitors. On account of this, many investors are queuing up to invest in property in this region. Invest in a new South France villa or buy your own apartment in South France and earn long term revenue and rewarding rental income - is the mantra of many investors these days.

Buying property in South France is increasing among buyers as it comprises of some of the hottest spots in France. Especially, property in Provence is the most sought place by investors. This is because it is a major tourist hub which allures tourists throughout the year through its warm Mediterranean climate and cool pebbled beaches.

New villas in Cote d Azur for sale are sold out in no time as there is a lot of demand for it. Many new properties are built according to the taste of the buyers in Cote D’Azur. One can even design a villa in Cote d’Azur for sale according to one’s own private tastes and interests. You can deck your villa with ‘your-kind-of’ private swimming pools, gyms and spas.

There are many reasons for foreign investors to look for buying off-plan:

• The first and the foremost reason is the low maintenance cost. Being newly built houses, the extra cost incurred for maintaining the Property in Provence is very less.
• The second prominent reason is the option for tourism. Buying property South France is very fruitful as it the vital hub of tourism.
• As most of the European investors are looking at France as their second home, they want their property to be a new one.
• Newly built villa in Cote d Azur for sale has more options for customisation. Extra facilities like swimming pools, golf courses and spas.
• Peace of mind is the ultimate aim of buying newly built properties. There will be more options for safety as these properties are constructed keeping in mind the modern audience.

Foreign investors have to follow certain legal proceedings to buy an apartment in South France or while investing in a South France villa. The legal procedures vary for newly built property and an existing property.

• For example, a villa in Cote d Azur for sale will be considered as newly built when it is less than five years old and has not been sold. An off-plan property which is yet to be built is also considered new. As per the French law, it is known as VEFA (vente en l’état futur d’achèvement) On buying a new property in South France, the buyer has to sign the Reservation Contract, which commits him/her to the act of buying.
• The buyer will be asked to pay 5% deposit even before the contract papers are given to them and is given a cooling period of seven days before committing himself to the purchase.
• VAT should be paid at the rate of 19.6% on the price of a newly built property.

Buying a house in Nice, Monaco, Cannes or St. Tropez? That is the question!

To buy a South France property is a wise investment as it the hottest holiday spot in France. Nice, the capital city of the French Riviera is a multi-cultural city. To invest in luxury villas in the South of France will be ideal as it is one of the favourite locations for holiday in France. The vibrant youthful region attracts investors from Italy, Britain and Switzerland. It is also known as a city of backpackers on account of its tourism value. Pebbled beaches are the highlight of the city. An enchantress of many travellers, the well-connected town is reachable through railways and as well as airways.

For all these reasons and much more, a house for sale in South of France is of great value. Luxury villas in the South of France is financially valuable in the long term. To buy South France property, the buyer needs to spend little extra as the prices in South France are higher than in the other parts of France. Most of the properties in Nice have private swimming pools which add advantage to their value.

Monaco, a modern haven of France is a worthy of even greater investment. The attractive tourist spot is popular for its entertaining culture and warm climatic conditions. Being a tax-free land, there is lot of demand to buy South France property. According to a report published in February 2007, Monaco has expensive real estate rates when compared to the popular capital city, London. An expensive land in Monaco demands no income tax claim from the buyer and is hence crowded with tourists all through the year. Real estate agents in Provence are very supportive to the buyers who are interested in buying luxury villas in the South of France. Monaco’s nightlife and exotic gardens have fascinated buyers to invest in luxury villas, beautiful townhouses and cosy apartments which serve both personal purposes and also financial purposes.

Cannes, the celebrity-haunt of France, renowned for its Film festival celebrations, is a popular tourist spot. Situated just 36 Km from Nice, this dreamland is covered with sandy beaches. Situated in close proximity to Monaco, this is a land with a vibrant nightlife. Tourists and travellers prefer Cannes for its warm Mediterranean climate. If you would like to freak out in the night and enjoy all the celebrity-bash, then Cannes should be your ideal place to buy property in South France. Property for sale on the Cote d’Azur is in demand and it is famous for all its stylish villas and luxurious apartments. The properties are spread throughout the city and along side of the Boulevard de la Croisette. Known for the elite crowd, St. Tropez is a wonderful place during summer. Brisk nightlife and breezy beautiful beaches makes St. Tropez an ideal place for vacation.

Real estate agents in Provence will provide their assistance in buying a property in St. Tropez. To buy property in South France is a worthy investment as it can be used as vacation residence or as vacation rentals if you are unable to occupy the property during the peak of the season.

Finally, buying a property in Nice, a property in Monaco some real estate in Cannes or a villa in St. Tropez? That is the question! It is always valuable to invest in properties, especially, if it is in the vacation hub of any country. Even if you are unable to use your luxury villas in the South of France personally, irrespective of the foreign investment or inland investment, you can rent villa in Cote d‘Azur during off-seasons. Thereby you can make most of your investment. Thus, you will see all your efforts to buy property in South France yielding revenue.