Insurance News Archive

French property investment requires legal advice

Property owners and investors interested in looking at property en Francais have been advised to treat with caution and take solid legal advice before signing on the dotted line.

That advice comes from the managing director at Leapfrog-properties.com, Niclas Dowlatshahi, who claims that on top of purchasing adequate commercial property insurance, legal advice is a must.

Despite the French market being relatively strong currently and with a number of new beneficial tax rules coming into play, Mr Dowlatshahi believes that legal tax should always be a top priority.

"I would certainly recommend taking legal advice before purchasing a property in France. However, if possible, this should be a French notaire (an impartial notary), who is willing to take the time to explain things to you - rather than a solicitor in the UK."

Leapfrog-properties.com works alongside its French sister agency to facilitate the entire process of buying a property in France.

Posted by Dan Winters

01 Dec 2011