France has a well-regulated and transparent property purchase process, making it an attractive country in which to buy a home. Buyers must appoint a notary, who acts impartially for both parties, ensures legal compliance, and carries out searches, including checks for any liens.
The process begins with an offer letter (offre d’achat) setting out the proposed price and timeline. Once agreed, a purchase contract (compromis de vente) is signed, usually allowing around three months for legal checks before completion. A deposit of 5–10% is typically paid into escrow, and buyers benefit from a 10-day cooling-off period during which they may withdraw without penalty.
Completion takes place at the notary’s office, where the remaining balance, taxes, and fees are paid.
The main costs are:
- Around 8.5% in stamp duty at the time of purchase, including notary’s fees
- Annual council tax (taxe d’habitation)
- Annual property tax (taxe foncière)
- IFI (wealth tax) if the property’s value exceeds €1,300,000 on 1 January each year
The French Law Practice can assist you throughout the entire acquisition process in France and advise on the most tax-efficient way to structure your purchase.
