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French Buyers' Info

  • France
  • Switzerland
  • Austria

Property Restrictions for Foreigners

Advantages of Buying a Newbuild Property

What completion guarantees are given on new developments?

The notary can only sign the official sales deed when the developer has a financial guarantee / insurance policy which guarantees to the purchaser that the apartments will be finished and delivered even if the developer were to become bankrupt. This guarantee is known as the ‘financial guarantee of achievement’ (GFA) and the bank which is lending you the money to buy your apartment will insist that the developer has a GFA for the development before they will lend. The insurance company will only give a GFA when the developer has around 50% pre-sales.