American purchasers in France represent around 3% of property sales.
The strength of the Dollar against the Euro means that instead of an exchange rate of 1.40 as it was a couple of years ago, it is now below 1.10. That's an effective depreciation of around 20%.
Despite US FATCA legislation which affects non-US banks, it is still possible for US citizens to obtain mortgages to buy properties in France. And rates are at all-time lows. It is possible to get loans at under 2% over 15 years. Ask us to connect you with specialist lenders.
Tax residents of France (if you spend more than 180 days here), are liable to pay tax on worldwide income.
If you are not a tax resident but own a property in France from which you derive rental income, that income will have to be declared in France, although there are simplified ways of doing this for modest rental incomes.
Long Stay visas are required if you intend to stay in France for more than 90 days.
