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French Buyers' Info

  • Switzerland
  • France
  • Austria

Property Restrictions for Foreigners

What completion guarantees are given on new developments in France?

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.

Information correct as of 1st January 2024. This may change as rules and regulations change often, so please contact us directly if you have any specific enquiries.