Buying a small apartment in Paris

[thetallfairy]

Hello all

This has been a dream for around 20 years

I have managed to get a good deposit

But would love a reality check

I am an eu citizen

Anyone know of any success stories

Plan to retire there

Would
Love to know xxxxx

..

Follow your dream. However i think anyone wanting to live in another city/country especially on retirement should try at least six months in a rental first. Although you have EU passport you will need residency to get healthcare on the National system and other benefits and to comply with tax laws etc.

sign up to an ex pat forum on facebook or google for one. Ask all your questions there, as there are groups for various ,countries. Research well and dont burn bridges.

Amazing thank you

It is a life long dream for sure

Can I come - sounds amazing? Go for it.

Do you have a neighbourhood in mind? I moved to England from the USA about 17 years ago, and all I can say is to give it time. You will adjust and find your groove (sorry if that’s an annoying word!), and in the meantime you will have a wonderful adventure.

If you have an EU passport then you're sorted. Congratulations! Enjoy living your dream.

Oh this is my dream too. However, French red tape is a nightmare and don’t get me started on mortgages as a non-resident. I’ve a host of negatives but I’d go for it regardless. What part of Paris are you thinking of?

Thank you all

The dream was monmartre area

Was there recently and it felt a little rough

Ideally some where quite central

It's going to be hard

I have heard some horrible stories re the system to buy so I'm sure it will take longer than planned

Do you speak fluent French already? And yes Montmartre is a little grim nowadays. French DPs apartment is in the 12th arrondissement which is a very Parisian residential area with few tourists not far from Bastille.

Hello

Thanks so that

Yes I'm fluent in French

Does your partner happen to have any tips?

It's my favourite city in the world

How did monmartre go downhill so fast
I always wanted to live in this part

I do fully realise this is going to be a real pain to get there

I will be over the moon if this can happen 🤞🤞🤞

DP is a born and bred Parisian who has never moved from the 12th arrondissement until he came to London to live with me in 2020. I do get the impression that there is masses of red tape when dealing with French authorities but you simply must follow your dream. 💐

I lived for years in the 14th arrondissement - near place denfert rochereau. Great area and a 40 minute walk to the Louvre via the jardin de Luxembourg. I’d recommend it.

The house buying process is far better than England. We've done it twice and it was really straightforward.

Follow your dream!

Got to pay an extra 8 per cent to buy in an old building

Uffffff

Music to my ears

Follow your dream is what I keep hearing !!!

Off to take a look now online

Thank you

@FruitWordSalad sounds very promising

I know it is not always easy but if I give it time and do my research I hope it can work out ok 🤞🤞🤞🤞

Property prices appear to have come down !!

sign up for Le Bon Coin and se loger for property listings. If you havent already!

On it !!!!

Thanks so much

Can you watch some episodes of house hunters international where people are looking at apartments in Paris? They seem to use a relocation specialist to assist them.

Id actually go on reddit and see if there is a relevant subreddit or else a French equivalent of mumsnet to get some help

There are FB groups for the legal and fiscal side of moving which will have all the info you need - Strictly Fiscal France, Strictly Legal France and France Fiscal Support.

Your tax residency will change when you move so be aware of that. You continue to pay social charges when retired in France, unlike the UK where NI contributions stop at pension age (although you can get an S1). You need to be aware of this when doing your budgets. Do your research thoroughly. Go for the dream though, the French 'cadre de vie' is far better than in the UK.

And the 8% is just the French equivalent of stamp duty. It is payable on all transactions though, there isn’t a threshold.

Amazing

Great ideas