New buildings in France
Location and climate
France (the French Republic) is a country part of which is located in Western Europe, as well as in Corsica (an island in the Mediterranean Sea) and in a number of other regions of the world. The capital city is Paris. France is bounded by the English Channel, the Atlantic Ocean, the North Sea, and the Mediterranean Sea.
The country is located in three climate zones: oceanic, Mediterranean, continental. In summer it is hot and dry, in winter it rains (temperature +7-8°C).
For the information of the investors: economy, culture, education in France
France is the largest country in Western Europe in terms of territory, population, and industrial production. Its economic and political influence makes it a global player in the international arena. The following sectors of the economy are developed: electrical engineering, electronics, aircraft production, shipbuilding, machine tool building, chemistry, petrochemistry, ferrous and non-ferrous metallurgy, and agriculture. The items of clothing, footwear, perfumery, cosmetic products, wine, cognacs, and cheeses produced here are in demand among buyers all over the world. The leading direction in agriculture is animal husbandry, the production of agricultural products is high-tech and safe.
France is the most visited country in the world and Paris is a popular tourist destination. Visitors are attracted by a wide variety of landscapes, sea coasts, temperate climate, sights of world importance, the prestige of French culture, fashion, and lifestyle.
The cultural heritage is huge and varied. The country gave civilization great mathematicians, philosophers, writers and artists. It is quite natural that the headquarters of UNESCO is located here.
Several dozen large universities have been opened in France, accepting many foreign applicants. French universities' diplomas are quoted in the world. Business schools in this country are the best in Europe, which is noted every year by The Financial Times and The Economist.
Why is it still profitable to buy an apartment in a new building of France?
Despite the recent difficulties in the market, real estate in France in the new buildings has shown good results. The instability of the economy, business difficulties forced the French to look for sources of additional income. And many have chosen residential complexes in France for renting out apartments, which is an effective investment. It should be noted that not only those who would like to receive additional income, but also buyers buying real estate for living had to think about buying a home in a residential complex. The activity of foreign investors has been increasing again since the beginning of 2021, as experts note, their preferences are changing. If earlier foreigners showed interest in housing in the capital or on the French Riviera, now new buildings in France from the developers in quiet, sparsely populated areas are in demand.
At the same time, investors began to pay more attention to the advantages of buying objects in the new buildings, which should include:
- high level of comfort compared to secondary housing;
- technological innovations;
- environmental friendliness;
- better sound and thermal insulation;
- modern layout;
- availability of additional infrastructure (underground parking, swimming pool, park);
- no repair costs;
- relatively low utility costs.
The sale of apartments from developers provides preferential opportunities for the buyers and also gives guarantees according to the law:
- before the start of construction, the buyers can make changes to the construction plan, taking into account personal wishes;
- compliance of the quality of new buildings with technical standards, careful control over their observance;
- a 10-year guarantee covering the risks associated with the stability of the foundation and bearing parts;
- elimination of any construction defects noticed within a year after the delivery of the property;
- compliance with fire safety standards;
- a ban on the use of materials that could be harmful to health, previously used in construction (lead, asbestos, etc.);
The minimum price per square meter of an apartment area in the capital, handed over in a turnkey condition (in accordance with the information of the GEOLN.COM search engine) is 11,470 USD.
Acquisition of an apartment from a developer in France by foreign citizens
There are no restrictions on the purchase of real estate by foreigners. Non-residents have the right to buy an apartment from a developer in France in any regions of the country.
Purchasing an apartment in a new building in France is a status investment that provides high rental income in a country of global popularity and business activity.