Americans are buying in France!

In the News
Written by Jo Stretch , Friday, 11 November 2016
 

 

 

  • 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.

 

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