Explore the differences between French and Spanish homes for sale, including pricing, mortgage options, post-Brexit rules, holiday rental potential, and selling your property through Homesgofast.com.
Property Prices: French vs. Spanish Homes for Sale
The pricing of properties in France and Spain varies depending on the location, property type, and demand. Below is a comparative breakdown of property prices in both countries:
France
- Paris: Average price is around €11,000 per square meter, with central areas like Marais reaching up to €15,000 per square meter. (Source)
- Provence and Côte d’Azur: Prices range from €3,500 to €7,000 per square meter, with luxury villas going higher. (
- Rural France: In regions like Dordogne and Languedoc, prices range from €1,000 to €2,000 per square meter. (Source)
Spain
- Madrid and Barcelona: Prices average around €4,500 per square meter, reaching up to €7,000 per square meter in prime locations. (Source)
- Costa del Sol and Costa Blanca: Coastal properties range from €2,500 to €4,500 per square meter. (Source)
- Rural Spain: Prices in rural areas like Andalusia start at around €1,000 per square meter.
Mortgage Options for Overseas Buyers
If you’re planning to finance your property with a mortgage, both France and Spain offer mortgages to non-residents, though terms vary by country.
Mortgages in France
- Non-residents can typically borrow up to 70-80% of the property’s value.
- Interest rates range from 1.5% to 2.5% with terms up to 25 years.
- Documentation required includes proof of income, bank statements, and tax returns. Life insurance is often mandatory. (Source)
Mortgages in Spain
Post-Brexit Considerations for UK Buyers
Since Brexit, UK buyers are now classified as non-EU citizens in both France and Spain, affecting residency and tax rules.
Residency Rules
UK citizens are subject to the 90-day rule, allowing them to stay in France or Spain for up to 90 days within any 180-day period without a visa. For longer stays, a long-stay visa or residency permit is required. Spain also offers a Golden Visa for property investments of €500,000 or more. (Source)
Taxes
UK buyers in France and Spain are subject to local property taxes. In France, this includes taxe foncière and taxe d’habitation. In Spain, non-resident income tax applies even if the property isn’t rented out.
Holiday Rental Market and Airbnb Opportunities
Both France and Spain offer lucrative opportunities for short-term holiday rentals through platforms like Airbnb, but regulations differ.
France
In cities like Paris, short-term rentals are limited to 120 days per year without a special permit. In rural and tourist regions like Provence, the rules are more flexible, allowing for higher rental potential.
Spain
Coastal areas such as Costa del Sol have strong Airbnb markets. However, cities like Barcelona impose strict regulations on short-term rentals. It’s important to check local laws before purchasing a property for holiday rentals.
Selling Properties on Homesgofast.com
If you’re looking to sell a property in France or Spain, Homesgofast.com is a top international property portal offering sellers a global audience. Here’s why it’s the perfect platform for selling your property:
- Global Exposure: Homesgofast.com attracts buyers from over 100 countries, making it easier to connect with international buyers.
- Easy Listing Process: Create professional listings with photos, descriptions, and key property details. Homesgofast.com also offers promotional services to boost visibility.
- No Commission: The platform operates on a flat fee basis, meaning sellers don’t pay commissions on sales, allowing you to keep more of your profits.
For more information on how to list your property, visit Homesgofast.com.
