Second Homes for Wealthy French Real Estate Investors

According to a survey taken by Savills International and, France was among the most popular second home locations in 2009. The research found that these French holiday home investors are composed of buyers with significantly higher disposable incomes who are less reliant on mortgages. Savills stated that “in 2010, the overseas second home market will be characterized by cash rich, lifestyle buyers benefiting from lower prices in traditional, established holiday home hotspots.”

This is due to price decreases of up to 30% for properties in popular holiday locations, such as France. More than 20% of the survey respondents stated that they are planning on purchasing additional holiday properties in the future, as long as market conditions and mortgage availabilities improve in those countries.

This is great news for the second home property market in France, especially in Paris.

Increase in Confidence of French Real Estate Market

2010 has seen a sharp increase in consumer confidence of the French real estate market. The French property market has slowly been recovering from the economic downturn, and more and more international buyers are looking into investing in French properties and Paris apartments. France Home Finance has seen a 65% increase in the number of inquiries by buyers from the UK in Q1 2010.

Other reasons for this sudden increase include the weakening of the Euro over the past few months and lower interest rates offered by banks, making French mortgages very attractive for the investor.

Key French tax deadlines for 2010

Key French tax deadlines to note for 2010

30/04/2010 is the deadline to submit :

  • 2009 VAT declaration for French leasebacks
  • 2009 income declaration for furnished French rental property
  • 2009 French income tax declaration for French "Société Civile Immobilière" or “SCI”s

15/05/2010 is the deadline to submit the 2009 declaration of foreign company shareholders (or be subject to the 3% tax)

31/05/2010 is the deadline for French residents to submit their 2009 income tax declarations

15/06/2010 is the deadline to submit your 2009 declaration for the French “Impot sur la fortune” or “Wealth tax” if you are a French resident

30/06/2010 is the deadline for non-residents to submit their French income tax declarations for 2009

15/09/2010 is the deadline to pay your 2009 income tax bill

15/10/2010 is the deadline to pay your 2009 property tax bill or "Taxe fonciere"

15/11/2010 is the deadline to pay your 2009 occupation tax or “Taxe d’habitacion”

15/12/2010 is the deadline to pay your 2009 professional tax or “Taxe professionelle”

France - the most visited country in the world in 2008

September 2009 - The UNTWO Tourism Barometer has just released tourism statistics for 2008 and France wins again as the most visited country in the world.

Ranked by number of international tourist arrivals in 2008:

  1. France- 79.3 million
  2. United States - 58.0 million
  3. Spain - 57.3 million
  4. China - 53.0 million
  5. Italy - 42.7 million
  6. United Kingdom - 30.1 million
  7. Ukraine - 25.4 million
  8. Turkey - 25.0 million
  9. Germany - 24.9 million
  10. Mexico - 22.6 million

Source : UNTWO

Visit France Home Finance in our new location

August, 2009 - France Home Finance is please to announce that to better serve our clients, we have moved to new offices in Paris next to the Bastille and the Village Saint Paul.

We look forward to visits from our clients next time you are in town. Come see us and discover this neighbourhood that we love.

FHF Top 5 Neighbourhood picks:

  1. Pack a picnic and enjoy the sun in the Place de Vosges (pick up everything you need in the shops on the rue Saint Antoine along the way)
  2. Relax with an authentic Thai foot massage at La Villa Thai (the real deal and impossible to find in Paris) La Villa Thaï : 8 bis rue Sedaine, 75011 Paris, Tel : +33 (0)1 48 07 02 02,
  3. Enjoy a world class performance at the National Opera :
  4. Taste delicious French bistrot cuisine at Le Gaspard de la Nuit : 6 rue des Tournelles, 75004 Paris, Tel: +33 (0)1 42 77 90 53,
  5. Discover the best French wines at Les Caprices de l'Instant, reputed to be one of the best cavistes in Paris : 12 rue Jacques Cœur, 75004 Paris, Tel: +33 (0)1 40 27 89 00

» December, 2015: Democrats work to stop FATCA blowback

» November, 2015: Buying a Piece of France - Tax and Legal Need to Know, November 2015

» April, 2015: Paris Real Estate Outlook 2015

» October, 2014: Breaking News on Euro USD

» October, 2014: Inheritance law in France : Major change for you in 2015

» March, 2014: France Home Finance on TV

» February, 2014: French Property Tax Update 2014

» February, 2014: French Housing Market 2014

» April, 2011: France’s Economy is Looking Up

» April, 2011: Exchange Rate Forecast

» April, 2011: Outlook for European Inflation

» April, 2011: Why France is still Drawing Expats

» March, 2011: Euro Exchange Rate Outlook

» March, 2011: France World Tourism Leader

» March, 2011: Update on French Mortgages

» March, 2011: Rising French Property Values

» February, 2011: Role of the Notaire

» February, 2011: European Economic Outlook for 2011

» February, 2011: Key French Tax Deadlines for 2011

» January, 2011: The Complete Mortgage Process

» November, 2010: French Property Taxes

» November, 2010: The Benefits of Hiring a Mortgage Broker

» October, 2010: Qualifying for a French Mortgage

» September, 2010: Primary Costs Involved With a French Mortgage

» September, 2010: Fixed or Variable Mortgage Rate?

» August, 2010: French Leasebacks

» August, 2010: Compulsory French Life Insurance

» July, 2010: Commercial Real Estate Sector Must Meet Sustainable Criteria

» July, 2010: Major Decrease in U.S. Property Sales

» June, 2010: Global Real Estate Recovery

» June, 2010: Second Homes for Wealthy French Real Estate Investors

» May, 2010: Increase in Confidence of French Real Estate Market

» December, 2009: Key French tax deadlines for 2010

» October, 2009: France - the most visited country in the world in 2008

» August, 2009: Visit France Home Finance in our new location