What is new build?
With new build properties, you are buying off plan, since in most cases they sell before work has already started. This does mean that you have to wait for your new home to be built, so this type of purchase will not suit anyone looking to enjoy their property straight away. However, it does ease financial planning.
The purchase of a new build property involves signing a reservation contract (‘contrat de réservation’) at the beginning of the purchase process. This includes your details, those of the developer as well as confirmation of the price and the insurances that cover your property and the development as a whole during the build time.
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