Carrying out legal instruments in France when living abroad
Expatriates may need to resolve certain legal issues, with implications in France, but without needing to return there. This may involve taking out a mortgage guarantee on a property located in the country or authorising an endowment. Fortunately, the consular lawyer can remedy this. Who to contact for drawing up a power of attorney while […]
Repatriation of foreign funds must be considered with prudence
French people living abroad may need to repatriate funds to France, for example to buy real estate. On the French side, exchange control was abolished in 1990. However, this type of transaction can be highly regulated depending on the country of residence. This is why these transfers can not be improvised. In order to curb […]
8 reasons to invest in luxury real estate in Paris
In a study conducted by Ikory, it appears that the French capital is unable to compete with London or New York in very high-end real estate. This can be explained by the predominance of small spaces. Regarding the Champs Elysées, Notre Dame, and Odéon neighbourhoods, foreign nationals only represent 15% of transactions, compared with 49% […]
Furnished properties are recapturing their former glory
Century 21 recently highlighted the decline in rental yields. Fortunately, furnished properties offer an attractive alternative to be rediscovered. Tax incentives allow lessors to build up a brick-and-mortar portfolio while receiving regular income. A lot has been said about seasonal furnished rentals lately. The mayor of Paris has even launched major operations in certain neighbourhoods, […]
A closer look at the real estate market of the PACA region
Crédit Foncier published a study on the real estate characteristics of the thirteen new regions, which took shape in January 2016. These figures gave a quick sketch of this region, which is highly popular among retirees and foreigners. Demography and economy : a rather dynamic overall picture 4.9 million inhabitants (8% of the French population), […]
Streamlining of products and mortgage lending practices in Europe
Transposition of the mortgage credit directive in Europe Stronger borrower protection rules, thanks to the streamlining of credit intermediation Published in the Official Journal (JO) on 20 May, a decree transposes Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential real estate […]
FATCA complicates the life of US expatriates
FATCA has landed in France like in other European countries. This article of the US tax code, put in place in 2010, requires banks in signatory countries to provide very specific information about accounts held by US citizens abroad. Why such an inquiry? What are the consequences? The FATCA, which stands for “Foreign Account Tax […]
Tax authorities strengthens its means against tax evasion
Tracfin, tax treaties and other dissuasive sanctions against tax evasion In history of tax havens, islands were often hubs. From 166 BC, Delos practiced free trade of taxes and customs duties becoming a nerve center in the exchange of spices, ivory, cloth and wine. But, what about today? Tax havens brew an important part of […]
The 50 real estate specialists on Twitter
The 50 real estate specialists on Twitter The hashtag # top50immobilier still a lot of dust early April @Redactimmo has just updated its ranking of the most influential Twittos in real estate. This is the 16th edition of this quarterly filing, which regularly agog regulars network bluebird. It appears that Pierre et Vacances deploy an offensive […]
MIPIM 2016 : The real estate exhibition at Cannes
The fine house flower of real estate was in Cannes at MIPIM 2016 MIPIM, the largest international market for real estate professionals. MIPIM brings together the most influential players of all property sectors (office, residential, retail, health, sport, logistic and industrial) and of course attract many investors, who come to take the pulse of the market. The 27th edition of MIPIM was held […]
