As things stand, a healthy profit can still usually be had for those who purchased French property over 2 years ago when Sterling was strong against the Euro, and despite the recent gains, there is still a decent healthy 20% profit to be had even where the property Euro value has remained the same. Make sure you seek independent legal advice before signing Agent contracts or sale contracts, and make sure that you declare the currency gain for capital gains tax. To maximise your gains, be sure to consider using a reputable currency dealer, as there may be significant savings to be had compared with using your high street bank. We can recommend currency dealers, and advise on all contractual issues.
Remember, the golden rule: do not sign anything without taking proper independent legal advice.
French Law Consultancy can usually check basic documents on a same day basis, so there would be minimal delay. Take advice, get it right and relax. For more information visit www.frenchlawconsultancy.com or email John Kitching, a bilingual French law solicitor john@frenchlawconsultancy.com or telephone +44 (0)1663 74 54 88
