Riviera Keys has been working closely with local developers and builders for many years and for this reason we can guide you through your process of acquiring new properties on the French Riviera at no additional cost. We offer a wide selection of off-plan properties throughout the region, houses in Mougins or new apartments with sea views in Nice.
The sale of new properties - in French "VEFA" or "Vente en Etat Futur d'Achèvement" is strictly regulated by French law. Buying a new construction has many advantages:
We offer you an adapted and reliable service throughout the transaction and at no additional cost. We manage the relationship with the builder and help you choose the kitchen, the tiles and the floor. We also accompany you with the bank, the notary, insurance, etc... until the signature at the notary, and sometimes well beyond.
Contact us to find out about current and future new programmess, or to obtain more information on a VEFA purchase in the region!
VEFA — sale in a future state of completion — means buying a home before or during construction. You acquire the land first, then the building as work progresses. It is a framework tightly governed by French law, and it protects the buyer considerably more than an ordinary purchase does.
No. Payments follow construction and are capped by law: at most 35% once the foundations are complete, 70% when the building is watertight, 95% on completion of the works, and the balance when you receive the keys. You never pay in advance for work not yet done.
The completion guarantee covers any defect reported in the first year, the two-year warranty covers equipment, and the ten-year guarantee covers the structure. On top of that, a financial completion guarantee ensures the building is finished even if the developer fails.
Yes. Transfer costs run at roughly 2–3% of the price, against 7–8% for an existing property, and property tax is reduced for the first two years. On a one-million-euro purchase that difference is around fifty thousand euros.
No. We have worked with the region’s developers for years and our involvement does not increase the price — the developer covers it. You pay exactly what you would pay going direct, with independent advice on top.
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