Discover the step-by-step path to purchasing your new build.
Reserve Option Form
Once you have chosen your preferred property you can ask us to put the property on hold in your name by completing a reserve option form.
Reservation
Once we have received the Reserve option form, we will fill in the reservation contract using the personal information provided and send the reservation pack directly to you by post or via email.
Deposit
Once you have signed the reservation contract, you will be required to send the holding deposit through to the notaire’s office. (between 2%–5% of the purchase price or a nominal amount defined by a particular developer)
Personal finance
In tandem with signing your documents, you can start compiling the documents needed for obtaining your mortgage offer.
Complete the purchase
Once all documentation is signed by both parties and the personal finance is in place, the “Acte de vente” can take place. This can be done either by appointment at the notaire’s office in France or via POA in your country of residence.
Stage payments
Once the “Acte de vente” has taken place. Thereafter the stage payments will be requested either directly by the developer OR by the notaire on behalf of the developer every time a stage of the construction is reached and signed off by a third party (Architect, Project Manager, etc).
Property hand over
Once all stages have been achieved, you will be able to take possession of your property.
Learn how to keep more Euros in your pocket with VAT recovery.
This French new build property purchase scheme was initially introduced by the French government in 1986 in order to increase investment into self-catering residential accommodation in France.
Get the lowdown on your liability—no surprises, just clarity!
Americans who buy a property in France must pay income tax in the US on any income generated from that property. This is because the US has a citizenship-based taxation system, which means that US citizens and permanent residents are taxed on their worldwide income, regardless of where they live.
Unravel the tax puzzle and plan your French adventure with confidence.
Once the property begins operating and generating income, it is treated as a business entity with its own profit and loss (P/L) account. The tax authorities assess the net profits to determine the income tax owed.
Thanks to the VAT refund scheme combined with short-term rental activity, one of the most compelling advantages is the significantly reduced income tax burden—often amounting to zero—for up to 30 years.
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