Investing in an off-plan home is a popular alternative to purchasing resale property in France. New builds can have many benefits, including the fact that you’ll be the first to live there. Here, we’ll review the buying off-plan process and present the benefits of buying off-plan to help you decide whether it’s a suitable option for you.
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A proposed rendering of an off-plan home in Carcassonne, France
How does buying off-plan differ?
With an off-plan property purchase in France, you’re essentially buying a home that is not yet built or is in the process of being built.
The average delivery time for an off-plan home in France is 24 months.
One of the main drivers for buying an off-plan home in France is that it’s brand new, as opposed to an older property.
What are the advantages of buying off-plan in France?
If you’re struggling to find exactly what you’re looking for on the resale property market in France, an off-plan home could be the answer to your problems, but what are the advantages?
To learn more about buying an off-plan home in France, speak to one of our friendly property consultants today on 0808 252 7870.
Elegant off-plan development in Antibes
Financial
Since an off-plan home generally takes two years from the project launch date to the completion date, there are various stages you could come into the process.
Buying in the early stages means you should get the best prices as you’re helping the developer fund their project. It might not be advertised as a cash saving, but extra features could be added in for free (such as parking space or air-con) that later buyers might have to pay for.
The proposed interior of an off-plan home in Mougins, France
State-of-the-art features
There’s a reason off-plan homes are more commonly known as new builds! They are most likely built with the most up-to-date features a property can have. This may include Smart home features, thermal and noise cancellation and international plug sockets.
Above all, you’ll get an excellent quality build due to enforced legislation and high standards among developers. Take a look at the proposed design of this Mougins home in the Alpes-Maritimes today.
First residents
I don’t know about you, but I much prefer the idea of settling into a home I know hasn’t been enjoyed by people before me. It also means the property will be in tip-top shape on your move-in date – no worn furnishings or things that need replacing urgently will surely lift a weight off your shoulders.
The proposed exterior of an off-plan home for sale in Marseillan, Languedoc-Roussillon
Investment opportunities
Choose the right property in the right up-and-coming area and you could have a growing investment on your hands. There’s a good chance your off-plan home will rise in value if chosen carefully. Plus, the first few units on the market are often priced at an attractively low cost to entice aspiring buyers from an early stage. Being an early investor also means you’ll have the best choice.
Plus, it’s no secret that newer properties are more attractive to renters than tired, older ones. However, you must be careful buying and selling an off-plan property before the home is completed – it’s called flipping – and is often not allowed contractually. Find out more about the above property in Marseillan, Languedoc-Rousillon today.
More off-plan opportunities in France
- €197,550 – Studio apartment in Carcassonne – This project is in its very early stages, but there’s an opportunity to purchase one of 20 prestige apartments within an extraordinary chateau. Find out more.
- €322,800 – Two-bed home in Boeschepe, Nord-pas-de-Calais – Completed two-bedroom ground floor home. Find out more.
- €420,000 – Studio apartment with balcony on the Mediterranean coastline – This luxurious property will enjoy sea views and luscious gardens in an extremely profitable location. The purchase included memberships to the working vineyard, nautical club and more. Find out more.
- €586,000 – Two-bedroom, two-bathroom apartment in Cagnes-sur-Mer – Just 100m from the beach, this second-floor apartment is a huge investment in a quiet but popular residential neighbourhood. Find out more.
Download our step-by-step guide, How to buy an off-plan home in France, today
