France real estate and taxation

Buying realty in france

The buying process differs from one country to another, and notably between the US and Europe. Legislation applied differs from one agency to another depending on the country. French legislation monitors scrupulously the realty acquisition process in France.   The realty acquisition process — The “promesse d’achat” is often the first stage in the acquisition of realty. This is a written...

TRACFIN

How to sell realty in France ?

The realty agent’s obligations — The role of a realty agent is to intermediate between two parties or more in order to carry through to the “acte authentique” a realty sale. The « Loi Hoguet » 70-9 dated 2nd January 1970 regulates and controls the process, in virtue of its decree to implement dated 20th July 1972. The agent must comply with several obligations, and notably: - Subscribe to...

Loi Alur

In application since April 1st 2017, the ALUR law has brought in some significant changes: agency fees and percentages must be indicated in advertisements when these fees are charged to the buyer. A decree dated 10th January 2017 relating to consumer information provided by professionals during realty transactions reformed the obligations of realty agents.   Scale of fees: — • Content of...

Loi RGPD (« règlement général sur la protection des données »)

Applied since May 25th 2018 and intended to bring French law in line with the GDPR-RGPD, this draft law on the protection of personal data was adopted by the National Assembly. Legal fragmentation on the Old Continent is thus diminished. It lays down new rights for natural persons whose data is collected as well as new obligations for those responsible for their treatment (mainly...