Maxwell-Baynes : Luxury Real Estate Agency

Purchasing luxury real estate in France as a foreigner carries no restriction on citizenship or residency. The transaction typically spans three to four months, overseen by a notaire, a State-appointed public officer whom you remain entirely free to choose. It begins with a written offer, followed by a preliminary contract (Compromis de Vente) where a 5% to 10% deposit is secured in escrow, backed by a 10-day cooling-off period. Due diligence follows before signing the final deed (Acte de Vente). Additional costs include notary fees and transfer taxes, averaging 7% to 8% for older or pre-owned estates, and 2% to 3% for new builds. Some international buyers purchase through a corporate structure such as an SCI, notably for succession planning. Maxwell-Baynes provides bespoke guidance through every legal step, alongside your notaire, in both French and English.

Purchasing luxury property in South West France carries distinct fiscal responsibilities. Transaction costs include notary fees and transfer taxes (droits d'enregistrement), averaging 7% to 8% for historic châteaux or stone estates, and 2% to 3% for new builds. As an owner, you will be subject to annual local property taxes (Taxe Foncière). For portfolios exceeding €1.3 million in net real estate assets, the French Property Wealth Tax (IFI) applies, whether held directly or through a company. Capital gains tax on resale eases gradually, reaching exemption after 22 years for tax and 30 years for social charges. Some international buyers hold their property through a French company (SCI), chiefly for succession and joint-ownership purposes. Maxwell-Baynes connects you with trusted fiscal experts to align your acquisition with your long-term wealth strategy.