This series examines the costs involved in buying and owning a typical property abroad in our most favoured locations. Following
a villa in Cyprus, and an apartment in Spain and the Algarve we take a look at a detached home in France.
The property
The Charente is a popular hot spot of western France for holiday homes and relocation alike. This three- bedroom property is the quintessential French dream with its stone-built and cosy Mediterranean charm. Just 7 minutes from the historic village of Verteuil-sur-Charente, 10 minutes from the town of Ruffec.
How much are buying costs in France?
| Cost | Amount |
|---|---|
|
Asking price
|
€165,000
|
|
Notary fees (estimate)
|
|
|
Agency fees (8% TTC)
|
€13,000
|
|
Total acquisition cost
|
€178,000 (£154k)
|
And how much will this property cost to run?
| Cost | Amount |
|---|---|
|
Tax fonciere (payable by primary and second homes)
|
€1,585
|
|
Water (estimate is €400-€500)
|
€450
|
|
Electricity/gas (*with a modern system, can be much less)
|
€4500
|
|
Home insurance (for holiday home: €350-€650)
|
€500
|
|
Internet (typically €25-45 per month)
|
€420
|
|
Total per year
|
€7,455 (£6,434)
|
Information provided by Leggett Immobilier
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