The French Riviera is such a captivating region that everyone who goes there for the first time instantly falls in love with the place. That said, one of the most frequent questions people ask is whether a foreigner can buy a property in the French Riviera. The answer is yes. Anyone can own a property in the region.
It is also true that most of the foreigners who wish to own a house in this region of France have once gone there for a holiday. They fall in love with the beautiful landscape, wonderful beach scenery, and exquisite restaurants in the region. This motivates them to own a real estate on french riviera france so they can visit whenever they want.
Below are four things to consider before owning a property as a foreigner:
Are you planning to make it your permanent residence ?
Buying a home to make it your permanent residence is quite different from making it your second home. Foreigners who purchase a property on the French Riviera often put a couple of factors into consideration before making a decision.
If you want to make it your permanent residence, you must look at the policies set up by the French government, including taxes and residential permits. Making the house a second home is ideal, especially when you plan to visit the region for recreational purposes only.
You must consider the cost of maintenance
Maintenance costs for a property in this region of France include taxes, habitation fees, and maintenance fees. Every year, these charges total between one to two percent of the total property costs. As a result, foreigners who own properties on the French Riviera often rent their properties out during the summer to generate enough revenue.
The Ideal Location to Own a Property
The best regions to own a property on the French Riviera are those places that are close to the sea. The homes in these regions are always rented out to visitors and vacationers at a premium price. However, your budget determines whether you can own a property in such regions or not.
The prices of homes close to the sea are usually double the prices of those far away from the sea. So, as a property owner, you make more profits if your home is situated in a strategic location that can attract vacationers seeking accommodation.
How to Look for Properties to Buy ?
You can find a range of available properties for sale on the French Riviera online. There are a lot of websites dedicated to this business. You can also have physical contact with prospective sellers.
Another way to look for a property is by going to the region yourself and making inquiries about which property is available. You can choose any of these options, but it is ideal to look for properties online to save costs, stress, and prolonged bargains.
Purchasing a property as a foreigner is not as difficult as many people assume. With reliable information and agents (either online or offline), you can own property within your budget as a foreigner. However, it is important to consider a few factors, including maintenance costs, proximity, and how you can reach out to prospective sellers.