I. Loan requirements
There is no mandatory down payment requirement for buying a house in France, but there is a restriction on loans. A person's repayment ability cannot exceed 33% of after-tax salary. And this repayment ability is the total repayment amount after considering all loans.
For example, a person may apply for a loan to buy a car. He pays 100 euros a month, and his monthly salary after tax is 2 12 1 euro, so if he wants to buy a house now and needs to apply for a loan, his mortgage loan cannot exceed 600 euros a month. Because (100+600)/0.33 = 2121Euro. Such restrictions directly limit a person's ability to borrow money.
At present, the average after-tax income in France is about 65,438+0,700 euros per month, that is, the average monthly repayment ability is about 5,665,438+0 euros. Based on the interest rate of 5.5% after 600 euros insurance, the total loan of 15 is 73,432 euros.
This amount is not small in rural areas and small cities, but it is difficult to make a difference in Paris. Excluding the notary fee, it is estimated that you can only buy a single apartment of 6 to 8 square meters.
Therefore, many French people borrow money with their partners to buy a house, because the sum of their wages will greatly increase the total amount of loans. Or wait until you have worked for a few years and have some savings as a down payment before considering the buyer.
As the price gap between the capital of France and other regions is too large, the following is a detailed explanation based on the French island (Paris, China):
Second, the cost of buying a house.
Suppose the house is 12 0000 euros, then the fair cost is 12 0000* 7.2% = 8640 euros. So the actual cost of the house is 128640 euros. The justice cost mentioned here refers to the cost of the just.
In the process of buying and selling houses in France, all legal contracts are in the sole responsibility of professional notaries. Buyers and sellers only need to sign.