The conference was attended by real estate specialists from European real estate agencies, who provided those present with details about the real estate situation in France. According to European specialists, French legislation has no restrictions for foreign citizens when purchasing residential real estate. The approaches to taxation are also the same. French citizens, like foreigners, pay taxes on real estate, residence, and a number of other taxes. The amount of real estate tax ranges from €1 to €5 thousand per year.
Residential real estate in France requires certain maintenance costs, which amount to about 1% per year of its value. According to representatives of European agencies, real estate on the Côte d'Azur increases in price by 8-10% each year. Interestingly, the cost of annual rent in this area can reach up to $2 million per year.