Buying property on the French Riviera with the help of a mortgage is becoming more popular among our clients. However, a loan is not always a necessity for buyers of luxury real estate in France, but rather a strategic move.
Many clients purchasing property in France usually have sufficient funds but prefer to take a loan from a French bank at a low interest rate and let their own money work in their business, where it generates much higher returns.
For property purchases in France exceeding €1,300,000, taking a mortgage allows clients to avoid paying wealth tax during the repayment period.
There is also a category of clients who initially plan to buy an apartment or villa on the French Riviera with a lower budget. Their perception of property prices is partly based on available funds and partly on information from Russian real estate portals.
Clients often look at beautiful pictures online, without reference to the actual location, city, or neighborhood. As a result, when they visit real properties in Nice, Cannes, Menton, or Antibes, they often need to increase their budget to get what they want in a desirable location near the sea.
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