 Tips for French property investors
Buying a property overseas is not easy if you haven't done it before. Here are some tips which will help you to mature your investment project. Finances:
The first step consists in financing the projet: buying cash or taking a mortgage. If you take a mortgage ,you take one in $ € £ or in any other currency. To avoid currency fluctuation which ad a risk to the investment, we adivce to take a euro mortgage. The rental income is paid in euro thus it is easier to pay back the mortgage. in the same currency. There are different types of mortgages and the 2 main ones are explained on this page:
Difference between Interest only and repayment mortgages Taxes: Nobody can avoid paying tax in his own country and it is the same in France. There is a tax treaty between France and most of the countries in the world to avoid a double taxation. If you have a French income, you will have to pay taxes on it. This page summarise it:
Income tax in France |
