Terrésens Group is a unique business operation specialising in the development and sale of homes, apartments, ski chalets and Alpine property in the French Alps.
A 360° operation from the construction right through to the setting up of the rental management; our aim is to simplify the entire process, so that your time is spent focusing on your investment property in the French Alps.
What we offer
Advice during your ski property search
We are dedicated to working with you to find the best solution in this incredible property market. Our team of consultants offer expert advice and assistance throughout your search and discovery for your second home or French Alps investment property, and can be with you on site when you visit in France. With the advice from our architect, we can also design your new apartment to find the best interior configuration for your family.
Our Financial partners based in France, that are specialists in securing finance for non-residents, will help you secure your mortgage in France at the best rates available.
Our English speaking notaire in France can provide you legal advice and assistance throughout the sales process.
Present throughout the alps, and with an international client base of over 2500, our Accountancy partner can take care of your fiscal requirements in France.
Rental management and concierge services
If you decide, we can set up a dedicated concierge service for you and manage the entire rental management of your property investment in France.
The Purchase Process in France
The process of buying property and off plan French properties can be broken down into stages;
⦁ Signing a Pre-Reservation Contract and paying a holding deposit
⦁ Sign the Contract of Reservation (VEFA Contract)
⦁ If required, obtain financing
⦁ Signature of the Deed of Sale
⦁ Payments are then made in instalments, at different stages of the development
⦁ Delivery of your property and handing over of the keys
⦁ If desired, set up the management and concierge services
Pre-Reservation and Deposit
After making a selection, you can pre-reserve your future property by paying a deposit, generally between 2% - 5% of the property price, until the Contract of Reservation is signed. The deposit is held by a public notary in France and is fully refunded if the Contract of Reservation is not realised.
Contract of Reservation
In France, you can purchase off plan via a Vente en l’Etat Futur d’Achèvement contract. In order to complete the purchase, this contract, along with some additional documents regarding the property, must be signed. Once all the documents have been countersigned by us, they are returned to you. From the day the documents are received by you, there is a 10-day cooling off period. This provides you with an opportunity for final reflection and move forward in confidence.
Guarantees in France
⦁ Suspensive condition of loan: If the request for a loan if refused, the reservation is cancelled without fee.
⦁ Financial guarantee of completion of works: In France, it is mandatory so that the works are completed in the event of fault by the developer.
⦁ Guarantee of perfect completion: The guarantee of perfect completion, whereby the contractor will repair disturbances noted during delivery for a period of 1 year.
⦁ Biennial Guarantee: The biennial guarantee of good functioning, which for 2 years covers, in the event of damage to non structural equipment.
⦁ Decennial Guarantee: The ten-year guarantee covers for ten years all the disorders which - compromise the solidity of the works.
There are many ways to finance your investment property in France. We partner with some of the best international brokers that specialise in assisting international clients secure the best mortgages in France. They bring a wealth of experience and they know our programs, and understand the needs of international purchases to provide excellent and professional assistance.
The purpose of a notaire in France, is to represent both parties, the Purchaser and Developer, through the sales process. They ensure that everything is done according to the Law in France, and allow the process of sale to run efficiently. We can introduce you to our English-speaking notaire in France. Our partner is located close to our head office in Lyon so is quickly available. They will assist you through every step, ensuring that you have a complete understanding of all the legal aspects of your purchase in France.
Deed of Sale
The signing of the acte authentique or final deed of sale, is the last step before becoming the official owner of the Alpine property. This takes place after the notary has finalised all the relevant documentation regarding your purchase.
Payments & Installment for French Alps Investment Property
The payments of your new investment property are made in instalments, at different stages of the development. Generally, payments are stagnated over 2 years, depending on the size of the project, and can look like the following:
2% Reservation deposit
28% At the beginning of works
5% When the foundations are in
30% Elevation of ground floor
5% When the roof is on
20% Interior walls and insulation
5% On completion of construction
5% Delivery of keys
In order to provide a seamless delivery of your new apartment, we have created a full-service delivery pack for you to make the process easy and hassle free.
Control of the Delivery of your Property
During the delivery of your property, it is necessary to have a third-party representative there to confirm that everything is in order. This inspection is made with you, the purchaser and the developer.
Control of the Delivery of your Furniture
The same applies for the delivery of furniture. The third-party representative inspects and ensures that all the furniture delivery is in the right condition and free from fault.
We can also provide you with assistance in finding and setting up your water and electricity contract, as well as your Wi-Fi service.
Additional Terrésens Services
Rental Management & Concierge Services
Most apartments or ski chalets can be purchased as a standard second home, or as a managed rental property. If you are seeking to generate rental income, we can manage the entire rental process and set up a dedicated concierge service. You have priority over your dates of occupancy dual season, for both the winter and summer month. By choosing this option you can save 20% VAT on the purchase price, as well as other tax advantages to compliment your flexible usage of the property – please contact us for further details on this type of tax efficient, hassle free ownership.