Sarah Bogard is part of the French Property Law specialists at Furley Page Solicitors.
That dream home in France you keep promising yourself may not be beyond your means after all! With French property prices falling and reports of it being a buyer’s market, this could be a good time to consider it, says Kent lawyer and chartered tax advisor Sarah Bogard.
Sarah, a fluent French speaker specialising in French property matters at leading regional law firm Furley Page, reports an increase in the number of enquiries to the Canterbury-based team.
She comments: “The right property and the right purchase structure could see you hold onto a property ripe for capital growth into your future – and that of your family.
“With the current weakness of the pound against the Euro, it’s worth investigating different ways to fund a purchase. For example: if the seller is British could all parties involved agree on a sterling purchase to avoid the exchange rate? Would you get a good deal with a French mortgage? Would you consider buying with a friend or relative? There are even estate agents who can help you advertise a property swap.”
But Sarah warns against getting too carried away by your plans. Ask questions when you view properties; find out about the area; be scrupulous when you’re checking over a property (property in France is sold as seen) – and make sure you understand the legalities of buying in France before you sign that contract!
You also need to be aware of how French inheritance law applies to your estate and review or revise your Will accordingly.
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