A 30% size increase is now possible for French properties

The French president Nicolas Sarkozy announced on the 29th January his plan to increase the possibility of construction by 30%. This reform grants  the landlords the individual right to extend their property by 30%, without having to ask for  planning permission. This will include all types of properties (land, houses, buildings, etc.). As a consequence, landlords who had already reached  their construction limits will be able to again increase the size of their property.
For example, with a new building, where the construction was previously limited to 50 feet high, they will now be able to reach 65 feet. The same applies to French resale properties, with 30% extensions possible.
It represents a great opportunity for building professionals, property developers and especially for  individuals who are thinking about extending their house.  Indeed, it makes more sense  to invest in  extending a property than in building a garden office!

Furthermore, the French president also plans to sell some state land so that even more new properties can be built. According to the French government, 100.000 new properties could be built on this land between 2012 and 2016. Currently, the new property market only totals  400.000 new constructions a year.
The main purpose of these measures is to  significantly increase  housing in France, in order to create more offer and thus more competitive prices. This way,  buying prices would fall in the long-term and should facilitate  home-ownership.  This is yet another chance for  individuals to acquire property in France, especially in this pre-electoral period, when candidates try to fight it out with various tactics.
So take advantage of this great opportunity!

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This entry was posted on Wednesday, February 1st, 2012 at 5:37 pm and is filed under French Property, Renovation works . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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