New developments: some good reasons to buy and invest in newly-built residences.

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New developments: some good reasons to buy and invest in newly-built residences.

Not sure about your real estate project yet and hesitating between old and new housing?

Here are some good reasons to buy a new construction by Côte d´Azur Sotheby’s International Realty.

The pros of Buying New Construction


- Personalize your property: you are probably buying off plans, then take the opportunity to modify the layout, sockets'spots, choose your materials & finishes (parquet, carpet, tiles)

- enjoy a bespoke apartment or villa.

- Take advantage of optimized surfaces and always maximized brightness

- Think green with last generation insulations:
* better thermal regulation, and consequenlty low energy consumption leading to substantial savings on the heating bill
* incomparable soundproofing.

- Enjoy all modern comforts with houses or apartments featuring contemporary lines, in easily accessible residences.
* elevators in buildings of at least 3 floors o state-of-the-art home automation: the latest innovations? the connected lock, the connected lighting, as well as the roller shutters, the thermostat, the sockets, the air conditioner.

Home automation, your high-tech butler for freedom of mind, not to mention your security with high-end alarms and video surveillance, as well as FTTH connection.

- No bad surprises: no repair costs to be expected with your two-year warranty (which covers elements that can be separated from the frame such as doors, shutters, pipes, the hot water tank, and this for two years), and the ten-year guarantee (which covers the shell, major cracks, roofing or foundation defect during the 10 years following receipt of your property)

- Reduced notary fees: while for an acquisition in old, the notary fees are around 7% of the sale price of the property, the property transfer taxes, which represent 80% of the said notary fees, are very reduced on the purchase of newly-built residence.

- Take advantage of tax advantages:
* The "zero interest loan" (PTZ), which allows means-tested and depending on the region to obtain financial assistance for a first real estate purchase
* The Pinel law: an attractive device for rental investment in newly built real estate
* VAT at reduced rate - subject to means and sector, VAT can then drop from 20 to 5.5%, as soon as this accommodation is kept as a main residence for at least 15 years
* Exemption from property tax: depending on the municipalities, this is in fact the exemption from the municipal share of property tax. Managed by the municipalities, it is however not applied by all the communities, and is not accessible in the event of a request for a zero interest loan.

- Enjoy multiple services: parking or garage, balcony or terrace, landscaped park, swimming pool, gym, on-site guard ...

On the French Riviera, discover the new developments marketed by Côte d´Azur Sotheby’s International Realty:

In Cap d'Antibes, Residence Eden Garoupe
In Saint Paul de Vence, Residence Le Jardin des Arts
Cannes - Le Cannet, Residence Horizon Croisette

Luxurious residences offering high-end services: contact us and let's make your real estate project a reality!

Côte d'Azur Sotheby's International Realty, your luxury real estate agency in Saint-Tropez, Cannes, Beaulieu sur Mer and Saint Jean Cap Ferrat.



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