| In the summer
the sea provides the sporting activities, in the winter the mountains do.
It takes about an hour to reach a ski slope from Antibes.
But the
lifestyle takes some getting used to. Shops, post offices and municipal
buildings close from noon until 2:30 or 3 making errands difficult outside
of morning and evening hours. In the summer, tourists clog the roads, making
travel difficult. Most buy a moped and avoid the car traffic during peak
months. Mounds of paperwork are required for any transaction and some of
the rules seem bizarre. For example, official documents -- such as marriage
licenses and birth certificates -- can’t be more than three months old.
Additionally, housing prices are high and taxes can eat away at business
profits.
With that said,
the positives of living here far outweigh the negatives.
Housing
Market - The housing market in Antibes and Juan-les-Pins has steadily
increased by about 10 percent annually, making it an expensive corner of
the world to find a home. Real estate agents throw their hands in the air
when asked if it will continue to increase or if it has leveled off.
“Antibes
is a special market, it’s a small village with all the advantages of a
big town and people are willing to pay for that,” said Martine Roufiac,
a real estate agent with Catherine Mamet in Antibes (real estate agents
are called Agent immobilier in France). “We are between Cannes and
Nice, very close to an international airport, we have sandy beaches, we
have pebbled beaches, we have the Cap d’Antibes…There are activities in
Antibes all year round and people find that attractive.”
In France,
apartment size is not counted in terms of the number of bedrooms, but by
the number of “pieces.” A three-piece apartment consists of two
bedrooms and a living room. The kitchen and bathroom (usually separate
from the toilet) are not counted as pieces.
In Antibes,
a new, two-bedroom (three piece), 65 square meter apartment within walking
distance of a beach, with two balconies, a swimming pool, garage and storage
room costs between 260,000 and 300,000 euros. Sometimes tennis courts
are available at these apartments. Two-bedroom apartments are available
in older buildings for less. If you are willing to forgo the pool and accept
a façade that is a little worn the price goes down to around 230,000
euros. The price is about the same in Juan-les-Pins.
Houses are
significantly more expensive. A charming three or four bedroom, house
in Antibes or in Juan-les-Pins costs between 450,000 and 2 million, depending
on its location. On the exclusive Cap d’Antibes the price is unlimited.
Of course many of the houses there have extras such as private beaches,
a 10-car garage, a disco and a movie a theater.
Antibes
Juan-les-Pins is located near an international university and the largest
technical park in Europe, which provides a steady demand for rental units.
The market for both long and short-term rentals is excellent. Some Juan-les-Pins
landlords with seafront apartments get as much as 4,000 euros a week during
the peak weeks of July and August. This rental market has been helped in
a large part by the expansion of cheap airlines into the area. Bargain
airline Easy Jet flies from London to Nice 35 times a day during the summer.
It is not
difficult for foreigners to purchase property in France – it is difficult
for everyone. There is a lot of paperwork and dozens of forms that
must be filled in triplicate. But it is comforting to know that French
laws protect buyers from fraud. Buyers are more protected than sellers
in France. For example, after signing for a piece of property, called a
Compromis de Vente, the buyer has seven days to cancel the contract without
penalty.
It is also
possible to sign an agreement contingent on obtaining a bank loan.
The terms of the expected loan are included in the contract in what is
called clause suspensive. If the loan falls through for any reason, or
the buyer does not like the terms of the bank’s loan, the contract can
be broken without penalty. A notary (notaire) is required for all
transactions. The listed price of a property includes the real estate agent’s
fee, which is about 7 percent of the total price. It does not include the
notary fee. The notary fee is normally 7 percent of the price, minus the
agent’s fee.
Ideally
the notary acts as an independent agent, checks for liens on the property
and makes sure any outstanding mortgages are paid before the seller gets
paid. The notary is also expected to check for any planned developments
that could negatively impact the value of the property, such as construction
of a major highway or a large commercial project. Of course, it is always
good to also investigate this yourself.
A deposit of
10 percent is usually required when the papers are signed and the deal
is near completion.
Local property
taxes (taxe fonciere) are minimal. In Antibes, the average taxe
fonciere is around 600 euros a year. If you live in the property you are
also required to pay an occupancy tax (taxe d'habitation). This
is around the same amount as the taxe fonciere, but it may be a little
higher or lower depending on your financial situation. If you don’t live
on the property then the tenant pays the tax. It is adjusted upward or
downward depending on salary and number of children under the age of 18.
Cost of
Living - Like everywhere, moving to France involves some start-up costs.
In order to obtain a long-term visa the French government requires applicants
to prove they have enough money to support themselves while in France.
Plan on being able to show that you have around 1,000 euros per adult per
month to live for a year. This can be done by showing a pension, a bank
account with a substantial amount of money or by presenting proof of employment.
Those who
do not have a European union residence must apply for a carte de sejour,
or residence card. The card costs Americans about 220 euros. Applying
for the carte de sejour is not difficult, but it is time consuming. Often
officials will issue cards valid for three months and will require you
return for another three-month extension. Other times they will issue a
one-year card without comment. It all depends on who is at the counter
when you arrive and what kind of day they have had. It’s best not to argue,
but to smile, remain calm and patient and to thank them before you leave.
The patient and persistent resident will eventually receive a 10-year carte
de sejour. Apply at the nearest prefecture, or local government office.
The south
of France is not cheap, but it isn’t exorbitantly expensive, either.
If you adapt to the culture and lifestyle you will find that living is
less expensive than if you try to make the culture and lifestyle adapt
to you. For example, often a 12-ounce can of coke is more expensive than
a bottle of decent wine. A McDonalds’ takeout meal can cost more than a
pizza or pasta dish in a restaurant.
On average,
if you buy produce at the market, shop in large supermarkets, look for
bargains and avoid small 7-11-type stores it isn’t difficult for a couple
to eat well on 300 euros a month.
The same
is true for restaurants. There is a wide-range of food and service
available, most are reasonably priced. In Juan-les-Pins, for example, a
modest meal at a casual restaurant the beach (with your feet literally
in the sand) can cost anywhere from 9 euros to 100, depending on what
you order. A 9-euro order might include muscles in a red or white sauce
a salad and fries or a pizza; twenty euros will buy a steak or fresh grilled
fish. Wine is cheap in France, sometimes cheaper than water. |