Episode 5

EPISODE 5: Our little black book of Paris addresses

Wanting to find out more about some of the places mentioned in this episode? Here we bring you a handy summary of each one that is mentioned – and how to find out further information.

What?
Lutetia Hotel
Why?
Originally opened in 1910, this iconic hotel is a well-known landmark on the Left Bank. Beautifully capturing the move from Art Nouveau to Art Deco, the hotel was recently reopened after a major restoration.
Where?
6^th arrondissement
More info here

What?
The notaire
Why?
A highly trained lawyer who is authorised by the state to certify certain legal documents relating to property transactions etc. With a key role in the purchasing process, it’s a very important relationship for anyone buying in France as the notaire acts on their behalf.
Where?
All over Paris
More info here

What?
Protection of the buyer
Why?
Thinking of buying a property in France? Well, the good news is that, under French law, you are highly protected throughout the whole process!
Where?
All over Paris
More info here

What?
Preliminary contract
Why?
The initial contract in a property transaction, which is signed once the notaire has done all the necessary checks. However, even after signing this, the buyer has a ‘cooling off’ period in which they can still withdraw.
Where?
All over Paris
More info here

What?
Inspection reports (diagnostiques)
Why?
A series of reports that are conducted on any property being sold – mainly relating to its official size but also to things like energy efficiency, asbestos and woodworm. The agency has these at their disposal for any buyer to peruse.
Where?
All over Paris
More info here

What?
Haussmannian buildings
Why?
One of the city’s most iconic form of architecture, these elegant stone buildings were incorporated by Baron Haussmann during his major renovation of Paris 1853 and 1870. Today, they represent over half of all buildings in the capital and are considered to be quintessential ‘classic’ Paris. 
Where?
All over Paris
Why?
More info here

What?
Short-term rentals
Why?
In France, the law is very strict with regards to full-time holiday lets, such as through Airbnb, and there are few circumstances where this is possible. Commercial zoning is one, but that comes with its own problems, and we strongly advise seeking professional advice.
Where?
All over Paris
More info here

What?
Long-term rentals
Why?
A much better bet, if you are seeking to buy a property as an investment, is to do a long-term rental for a year or longer. Here at VINGT Paris, we also offer a full property management service, meaning that we can take care of every aspect of this process for you.
Where?
All over Paris
More info here

What?
French mortgage
Why?
A French mortgage can be an interesting proposition. However, as the process can be quite a complex one for foreign buyers, we strongly advise using one of our recommended brokers. Contact us to find out more.
Where?
All over Paris
More info here

What?
Property taxes
Why?
Another piece of good news is that, unless you are actually planning to move to Frances as a full-time fiscal resident, property taxes are actually very reasonable. Again, contact us to find out more.
Where?
All over Paris
More info here

What?
Power of attorney
Why?
With many of our clients based all over the world, they are sometimes concerned about not being in the country at the right time to sign the various legal documents. However, the simple solution is to grant power of attorney to your notaire.
Where?
All over Paris
More info here