Everthing French Real Estate November 2013 | Page 11

“Can An Australian Own A House In France?” This is one of the questions we are most frequently asked. Here we answer that question and also show you how you can not only own a house in France but own a house that can potentially earn an income AND facilitate you holidaying all over the world. How? Can an Australian buy a house in France? In a word YES! France has no laws that prohibit foreign ownership of property. The property market in France is well regulated and controlled, and whilst being very different to the process in Australia it is a very straight forward process. In saying that we do strongly suggest before entering into the French property market potential owners do their homework and gain some understanding how it all works and that buyers take all the same precautions they would take in Australian such as building and pest inspections. Can an Australian live in France? Many Australians are of English or European decent and therefore either hold a EU passport or are eligible for one. If this is the case they can live in France on a permanent basis. If not and are Australian passport holders they can spend 90 days in every 180 days, in the EU or Schengen states, that is approximately 3 months in every 6 months. Alternately they can apply for a long stay visa via the French Consulate in Australia. Rent the property during the European holiday season and holiday there in the Spring and Autumn. By buying in an area that is a popular holiday destination the house can be rented to holiday makers during the peak holiday season of July and August. Holiday Rentals in highly touristed areas such as Sarlat and Perigord Noir can attracted premium rent. By doing this the house will potentially not only pay for its self but could earn an income for the next holiday. House swaps House swapping is a fantastic low cost way to see the world and so many people around the world are very keen to house swap to France. When managed well house swaps can open a whole new world of travelling. Visit our website or contact us for more infromation. We advise you to consult the French Embassy or Consulate for legal information on living in France. For an Australian owning a house in France is an excellent opportunity to live part- time in France, earn an income from their property and holiday all over the world. 10