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4. Guarantees on an 'Off-Plan' French Property

Checking out the Developer
Financial Guarantees
Building Guarantees

4.1. Checking Out the Developer

The VEFA contract provides a range of legal guarantees for the purchaser, but perhaps the most important factor in the whole equation is the quality and track record of the developer.

There are over hundreds of registered property developers in France, and amongst the largest are:

Nexity
Icade
Kaufman & Broad
BNP Paribas
Bouygues Immobilier
Codegim
Vinci
Icade
Sogeprom
Groupe Pichet
BPD Marignan

Most developers are members of the Fédération Promotion Immobiliers, the professional body for property developers, and a list of all their members is contained on their web site.

You can also check out their financial status on the national company registration site of InfoGreffe, although you will need to pay a fee.

If possible you should also visit one or more recent developments the developer has completed and speak to the property owners.

Next: Financial Guarantees

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