The main pitfalls to avoid when buying a house in France
Understanding the market and the reality of prices
It is common for foreign buyers to pay more than necessary because they do not know the market well. To avoid this:
- Study the prices per square meter in the area where you want to buy, comparing similar properties.
- Contact several real estate agencies to get an overview.
- Don’t let yourself be seduced only by the charm of a property: objectively evaluate its potential and price.
Correctly evaluate the location
Do you go to the same place every year and think you know the surroundings like the back of your hand? Be careful though, before buying, make sure you come out of season and in the middle of the tourist season in order to see all the slopes of the place you choose to go!
If you don’t know the area well, don’t just think about the house, but also about everything around it. Before buying, remember to check the proximity to amenities: shops, schools, public transport, hospitals, etc.
Know the local laws
Buying a house is pretty much a similar process everywhere, but each country has its own laws and specificities… even on a smaller scale! In France, for example, some municipalities impose restrictions on construction, particularly in classified or protected areas (such as natural parks or coasts).
Also check the regulations on thermal sieves if you are planning work: in France, it is mandatory to make a DPE before selling a property. Each diagnosis gives a score from A to G. The current law prohibits the rental of property classified G, and soon those classified F and E. Also remember to check the dates of the various documents and diagnoses to ensure that they are recent.
Finally, you should know that in France, some municipalities tax second homes more. Remember to ask for the tax rate and to find out about the surrounding municipalities before making your purchase!
Beware of abuse in contracts
In France, some real estate agents may ask buyers to sign a « letter of intent to purchase » before drafting the preliminary sales agreement. This document can be interpreted as a binding contractual commitment and prevent you from adding certain conditions to the agreement, such as a suspensive clause related to obtaining a mortgage.
Do not pay any amount before signing the sales agreement: in France, it is forbidden to reserve a property by paying an advance, it could turn against you.
Beware of hidden costs
A property may seem affordable at first, but many additional costs can quickly add up:
- Condominium fees: If you buy an apartment, expect to pay high fees for the maintenance of common areas or equipment such as elevators or swimming pools.
- Unforeseen work: Mandatory property diagnostics (electricity, asbestos, termites, etc.) can reveal renovations that are expensive to plan.
- Local taxes: Property and housing taxes vary considerably depending on the municipality.
- Syndic de copropriété: if you buy an apartment, check if the building is well managed and if major work is planned in the short term (façade renovation, roof, common areas, etc.)
Rushing through the process
Finally, avoid rushing. Take the time to visit several properties, at different times of the day, to better understand the environment (noise, sunshine, traffic). Seek advice from a local expert or a lawyer who specializes in real estate law.
Conclusion
Buying a property in France is an exciting adventure, but it requires preparation and vigilance. By taking the time to study the location, understand the laws and associated costs, and objectively analyze the market, you will avoid common mistakes that could turn your dream into a source of stress. Real estate in France offers many opportunities, but the key to success lies in anticipation and support from competent professionals. By staying informed and patient, you will put all the chances on your side to make a serene and profitable purchase, in the region that really corresponds to your life project.
