Owning property in France, whether a house by the sea, a mountain retreat, a rural dwelling, or a historic city centre apartment, is a dream for many. However, acquiring a property under co-ownership goes beyond a mere handshake between seller and agent. The sales pitch often presents a far more idealistic picture than reality.

With nearly one-third of residential properties in France subject to co-ownership regulations⁴, several critical issues demand thorough analysis to ensure a well-informed and sensible purchase.

While French law requires the provision of certain documents and information related to the co-ownership, this requirement is frequently insufficient. These documents are often presented only on the day of the sales agreement, and the seller or estate agent may not have the time or expertise to fully explore these issues with you.

Key considerations include:

• The actual extent of service charges and their year on year increases
• Accumulated arrears that may impact your financial position
• Ongoing or upcoming expensive collective works
• Contribution to the reserve fund and any contingency funds
• The quality of property management
• Property usage patterns and geographical location

Investing in property should enhance your wealth. Avoid turning this opportunity into a financial burden or disillusionment – consult our experts.