The right property abroad: Paris, Alsace or Côte d’Azur?

The decision has been made and you have decided to buy a property abroad in France? Then be sure to read this article, because we offer you helpful tips. In order for your search to be successful, you first need to discover the right online portal for you. Although many online portals have the same basic structure, different filter functions and the focus on the country France can make a difference for the selection.

The most beautiful residential areas France

As everyone knows, France has various charming cities and Mediterranean beaches. No wonder that many do not immediately know where to start looking for a property abroad in France. While there are various beautiful places to live, not all places to live will satisfy your desires. For this reason, we have picked out 5 different places to live in France to help you make your choice.

Investing in real estate: France

Living and working abroad is a very memorable experience, professionally, personally, culturally and of course financially. In this free guide, you’ll get investment tips for all the major cities in Europe, America and Asia, from New York to London to Paris.

• Investing abroad: Real estate (external)

Toulouse: The pink city

Toulouse is located in the southwest of France and is the fourth largest city. In Toulouse there are very many buildings that are made of red bricks and for this reason it is often called the “pink city”. Not only is it often very windy here, but there is also no shortage of tourists as there are many places of interest. Toulouse is also a good starting point for those who want to make a career. That is why there are also countless students.

Toulouse city video with resident

Map & Location

Paris: City of Love

The city of love. Just about everyone wants to have been there at least once in their life. You’ve already been there, fallen in love with the city and are now considering buying a property abroad in Paris? One thing should be clear to you right from the start, especially with this city: Paris is very expensive. But Paris is not for nothing one of the most famous cities in Europe. Here you will not only find good French cuisine, but also culture and art play a significant role. No wonder that the city seems very crowded. However, you still have the choice whether you want to live directly in the hectic city or in the somewhat quieter surrounding countryside. While the surrounding countryside is more often chosen by families, students often like to choose the city centre.

Paris from above: Video

Paris Map & Location

Eifel Tower 360°: International Relevance & Landmark

Nice: Port city

The port city of Nice is particularly popular and there is often a lot going on here as well, because there is a large shopping mile and the nightlife is not neglected either. Families therefore like to choose residential areas that are a little further away from the centre. If you are interested in what sights Nice has to offer, you will mostly come across museums and famous old buildings. Should you decide to buy an overseas property in Nice, you will benefit from plenty of sun and beach. Here you have the opportunity to unwind and enjoy the good weather.

Video

Map & Location in France

360° harbour view

Bordeaux: City on the Atlantic

Bordeaux is a very popular city to live in – but why? Quite simply, this city fulfils all wishes. On the one hand you have the city life and many career opportunities and on the other hand it is not far to the sea. So, should you buy a property abroad in the middle of Bordeaux and have too much of the hectic city life in between, you can just grab your car or bike and be at the sea in not too long.

Video

Bordeaux: Map & Location

Lyon: Little Paris

The city of Lyon is often known as “Little Paris”. Students are especially drawn to this city, as there are countless universities here. The advantage of Lyon? Compared to other cities, such as Paris, it is much cheaper here. Lyon has a lot to offer. Besides shopping and nightlife, there is also a charming old town and great French cuisine. Since it is only “little Paris”, people here are less stressed and hectic and thus often more open to be found. If you are interested in a property in Paris, but find it too expensive, or if the hectic pace of life makes you doubtful in the long run, Lyon could be the perfect alternative for you.

Video

Map & location: Lyon

Monaco and Monte-Carlo: principality

If you like the French Mediterranean coast, you’ll love the Principality of Monaco. As in many exclusive places in this world, it is not so easy to buy a property in Monaco. Those who are often in Kitzbühel in winter, for example, know that one has to live in Kitzbühel for 5 years in order to be allowed to buy a property or a plot of land. But why does a city council do such a thing? It is mainly to protect the residents, because the more “speculators” come to such a relatively small town or principality, the greater the vacancy of properties. Used once a year as a holiday home or never if the property is considered a pure speculative investment. But Monaco also wants to protect itself from this by such regulations. Accordingly, there are laws that clearly regulate the acquisition of real estate and land.

• Buy property Monaco

House & Apartment for sale in France

From the valuation to the speculation tax. In this guide you will find all the important factors simply explained. Learn step by step the procedure in the apartment sale to be able to answer the question: Selling with or without an estate agent? The private sale of real estate involves many risks and sources of error, starting with the apartment valuation to the offer price to the individual marketing, from “advertising” to internal customer network and off market real estate sales.

• Sell apartment
• Sell house
• Sell land
• Sell property

Buying: Portals for cheap real estate

Real EstateScout24

Everyone knowsImmobilienScout24. This real estate website brokers properties all over the world. Here you will not only find properties for sale, but also if you are looking for a property that is rented, you are exactly right here. If you are looking for a property on ImmobilienScout24, you will benefit from a clear presentation and also the popularity of this portal.

Green-Acres.com

This online portal focuses on France, Portugal, Spain, Italy and Greece. This could be the right place for you if you are already sure that you want to buy a property abroad, but still doubt whether France is the right country. You have the possibility to make comparisons, which can concern the price, the area or also the location.

Franimo

As the name“Franimo” suggests, this online portal focuses solely on France. Accordingly, this website has a lot of properties for different places in France to offer. If you haven’t found a favourite place in France for yourself yet, you can read our place recommendations further down in the article beforehand.

AuSud

The online portal“auSud” also only deals with the country of France. The most important information about a property is clearly presented here in a table and there is also a small description of the property. You can specify the price range from the outset and also the location.

Immowelt

The portal Immowelt mediates real estate all over the world and for this reason also has a large offer for France. Sellers have the opportunity to create clear advertisements for their properties. The contact is usually directly under the ad and you have the opportunity to immediately contact the seller.

Buying property abroad: Tips

• New York, LA, London & Co: Luxury Real Estate
• Real estate agent
• Buy a holiday home
• Foreign property Italy
• Foreign property Spain
• Foreign property Mallorca
• Luxury Real Estate Mallorca
• Off market – especially in hot real estate markets

Overview of senior apartments

• Accessibility and good accessibility
• Increasing demand
• Housing entitlement certificate for assumption of costs
• Senior housing, multi-generation houses, senior shared flats & assisted living
• In English – “senior apartment”

Back to the wiki: Real Estate

The partial auction for communities of heirs

Objects such as real estate or land often give rise to disputes in communities of heirs. The ideas of how to proceed with the common property are too different and the participants cannot agree. Every heir has the right to demand a partition of the community of heirs at any time and thus to force its dissolution. In such a case, a partition auction may be the last resort to settle the disputes and dissolve the community of heirs. You can find out here what needs to be taken into account in the event of a dispute and a partition auction.

Learn more about communities of heirs!

Application for partition auction – the correct form must be observed

An application procedure always precedes a partition auction. This application can be made by any heir of a community of heirs. Formally, a written application, which must be submitted to the competent district court, is sufficient. However, it must be accompanied by certain documents. In the first application, it must be proven beyond doubt that the applicant has co-ownership of the property to be auctioned. The appropriate document is a corresponding extract from the land register, which must not be older than six months. Once the application has been received, it is examined by the local court and the next steps are initiated.

Partition auction & community of heirs – Video

The procedure – step by step to the partition auction

The process of a partition auction already begins with the application that one of the heirs from a community of heirs must file with the district court. This is followed by further steps in order to carry out the partition auction in accordance with the law.

The expert opinion – assess the value of the property

A partition auction requires an appraisal of the value of the property or land. The court needs this in order to determine the lowest bid for the partition auction. Such an appraisal can be obtained in three different approaches. The petitioner can obtain a private appraisal, but the entire community of heirs must agree to this step. An alternative is to obtain the appraisal through the court. Often a valuation report is already available. As long as this is not older than a few weeks or months, it can also be used.

The minimum bid – determined by the court

The court sets a so-called lowest bid before the partition auction to ensure that the proceeds of the partition auction can cover the costs of the proceedings and all claims of the heirs. Once this is determined, neither the market value nor the purchase price of the property or land is relevant and the lowest bid is considered the notional value. It is made up of the rights, encumbrances and minimum cash amounts. The person who acquires the property or land at the partition auction assumes all rights and encumbrances in addition to the subject matter and thus becomes the purchaser and debtor.

The auction – the highest bid gets the surcharge

Once the lowest bid has been determined by the court, a date for the partition auction can be set. Subsequently, the partition auction of the property or the land should be advertised in newspapers and on the Internet in order to attract interest in the property. Viewing appointments are also possible in consultation with the community of heirs. On the auction date, all interested parties can submit bids within a predetermined time frame. The highest bid is accepted for the property and the community of heirs may be divided.

The duration – varies from case to case

The duration of a partition auction is different depending on the case. It depends in particular on how long it takes to prepare the expert opinion and how long it takes to process the application. The applicant can only shorten the duration by already having a valuation report available when filing the application and the court agrees to its use.

The disbursement – dispute of the community of heirs

The community of heirs does not successfuly dissolve until the proceeds have been successfuly distributed. Disputes can also arise here. If the testator has not determined the distribution in his will, the statutory inheritance quotas usually apply. If the heirs do not agree, a civil action may be brought. The proceeds from the partition auction are deposited with the district court and are not paid out until the heirs have reached a written agreement on the distribution.

The costs – how much are they and who bears them?

Certain costs are incurred for a partition auction. These include the application costs, the procedural costs, the expert’s fees, the lawyer’s fees and the costs for newspaper and internet advertisements. All these costs are incurred when the court orders a partition auction. The costs for the notification of the co-heirs are part of the application costs. Usually, the costs of the proceedings have to be paid as an advance. Who bears the costs of a partition auction depends on the outcome of the auction. If the auction is successful, all costs will be deducted from the proceeds and thus each heir will share equally in the costs. However, if the auction is not successful, the applicant bears the costs alone and the community of heirs continues to exist.

The alternatives – private sale or voluntary auction

The partition auction involves some risks that should be well thought out in advance. The property could be sold below value and lead to low profits for the heirs. There are some alternatives that eliminate these risks. The property can be sold privately, saving the application, procedural and legal fees. In addition, the heirs can choose the buyer themselves and thus ensure that the property is not sold below value.

Another alternative is the voluntary auction. The community of heirs can turn to a public auctioneer who organises and conducts an auction. The advantage here for the heirs is that the minimum bid can be determined themselves and thus there is no risk of an auction below value. However, in both cases the community of heirs must unanimously agree to the sale of the property.

The most important questions on the subject of partition auctions in communities of heirs

A partition auction can resolve disputes within a community of heirs, but it can also reignite disputes. To avoid mistakes and save time, it is important to take the right steps. Lukinski’s experts answer the most important questions on the subject of partition auctions in detail for you.

Why a partition auction?

A partition auction can put an end to long disputes, especially in communities of heirs, and lead to a result with which all heirs agree. The partition auction also offers the last resort if no agreement can be reached.

What does for the purpose of abolishing the community mean?

The partition auction success for the purpose of the abolition of the community around from an indivisible article, like a property or a real estate a divisible money equivalent to generate.

What is a partial auction of a house? More terms in our property glossary.

A partial auction is held when several people are co-owners of a property. The partial auction turns an indivisible object into a divisible amount of money that can be divided among the owners.

What does § 1010 BGB mean?

Pursuant to § 1010 of the Civil Code, the co-owners of a plot of land may make arrangements for the administration or use of a plot of land or exclude the right to demand the dissolution of the community.

What did ZVG mean?

The abbreviation ZVG stands for Zwangsversteigerungsgesetz. This regulates both the forced sale and the forced administration.

Partition Auction at a Glance: The compulsory auction of a property made on application

• Only the case when several persons are owners of a property
• If an owner refuses to sell the property, the latter may pursue the partition auction
• That is, the district court will order the compulsory sale filed on application
• In the case of communities of heirs, each co-heir has the right to a partition auction

Back to the wiki: Real Estate