Real estate expert

BENJAMINPRATT IN A FIGHTER JET

Amazing experience of a 1 hour flight in an L39 fighter-jet! Overview of the cities: Avignon, Marseille, Carry Le Rouet, Lac de Saint-Cassien, Mont Ventoux. Superb, breathtaking aerobatics!Video - Full Version 30min Video - Short Version 5minSource: BENBJAMINPRATTCopyright 2021 SAS BENJAMINPRATT - Any reproduction prohibited...

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BENJAMINPRATT & COTE MAGAZINE • AUTUMN 2021

View the E-Book OF COTE MAGAZINE AUTUMN 2021Source: Cote MagazineCopyright 2021 SAS BENJAMINPRATT - Any reproduction prohibited...

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BENJAMINPRATT & COTE MAGAZINE • SUMMER 2021

View the E-Book OF COTE MAGAZINE SUMMER 2021Source: Cote MagazineCopyright 2021 SAS BENJAMINPRATT - Any reproduction prohibited...

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INTEGRITY IS THE BACKBONE OF A SUCCESSFUL BUSINESS

" Benjamin Fitoussi was born and raised in the Principality of Monaco, but it was a challenging career move that introduced him to the fascinating world of high-end real estate.He was hooked, and went on to give birth to one of Monaco’s premium real estate agencies - BENJAMINPRATT REAL ESTATE. "Download the BrochureorSee the brochu...

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NON RESIDENTS NEWS • SEPTEMBER 2020

This information note, intended for non-residents, will answer the following questions:• BREXIT: What are the consequences for your investments in France ?• Inheriting a property located in France: what obligations, what tax consequences ?...

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ACQUISITION AND TAXATION OF REAL ESTATE IN FRANCE • PRACTICAL GUIDE 2020

This practical guide, will perfectly answer all your questions to all aspects of the acquisition of real estate in France and in particular: • The process of acquiring real estate in France • The choice of the holding structure • Taxation linked to the holding of real estate assets • Taxation linked to the sale of real estate...

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WHY SETTLING IN MONACO • THE PRACTICAL GUIDE

The Principality of Monaco is a small state with an area of 2.02 km2 enclosed between 3 French municipalities that are Cap d'Ail, Beausoleil and Roquebrune Cap Martin. This independent country is bordered by the Mediterranean Sea. It’s a country of superlatives. Indeed, Monaco has about 38,000 inhabitants or 19,000 inhabitants per ...

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MONACO • THE MAIN REAL ESTATE MARKET FIGURES 2019

We present to you a summary of the economic balance sheet of the real estate sector in Monaco for the year 2019.Lexicon:" Sales " corresponds to the sales of new apartments of new construction or under construction." Resales " corresponds to the sales of apartments which are not new constructions.  1- INTRODUCTIONThe averag...

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PURCHASE AND OWNERSHIP OF A PROPERTY IN FRANCE BY NON-FRENCH TAX RESIDENTS

1 - TRANSFER OF TAXESPurchase of the property : in all cases (individual or corporate purchaser), the sale of the property is subject to: • Transfer duties to be paid by the purchaser at the rate of 5,81% (notably in Alpes Maritimes department) of the price, OR, rarely to : • VAT at the rate of 20,00%, included in the sale pri...

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APRIL 2020 REAL ESTATE PRICES • FIRST TRENDS

Due to the exceptional events and current conditions which affect France today, we present to you prospects for the evolution of the French real estate market in the short term, with all the caution and reservations which are essential in this news which is the our.Key pointsConfinement reduces the euphoria of real estate: all the ...

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REAL ESTATE AGENCIES • FINALLY AN OFFICIAL BADGE!

VESTA - a badge to protect real estate professionals.Real estate professionals are now represented by a common emblem: Vesta, the Roman goddess of the home, the home and the family. Just like other regulated professions such as lawyers, notaries or bailiffs, all real estate professionals can finally place this emblem on their shop ...

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MONACO • RENTAL REAL ESTATE LAWS AND REGULATIONS

If you plan to purchase an apartment for rental investment or if you wish to rent an apartment for yourself; be aware that the rental real estate market in Monaco revolves around 3 axes:- The Free Sector- Properties under Law 887- Properties under Law 1291/1235THE FREE SECTORThis concerns the vast majority of properties available f...

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3000 REAL ESTATE AGENTS AT RISK!

The National Federation of Real Estate - FNAIM estimates that several thousand (around 3000) real estate agencies could close, threatening more than 15,000 jobs.This health crisis has completely paralyzed the real estate transaction sector. Real estate agents face the full brunt of all system failures.In fact, 70% of real estate ag...

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THE LARVOTTO SITE IN ACTION AGAIN !

Marie-Pierre Gramaglia justified the reasons why certain projects had resumed, in particular that of Larvotto. The intention is that residents and locals, once this health crisis has passed, can benefit from these splendid amenities by the summer. She indicated that this site is perfectly under control. It is particularly well insu...

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5 GOOD REASONS WHY YOU'RE CURRENTLY STRUGGLING TO SELL YOUR PROPERTY

In case you have had your property available for some time, it may be extremely annoying not understanding why it isn't attempting to sell. It has been believed a house might sell, but it just isn't, to provide information to you, we presumed to list reasons which may influence your potential.1 - You've charged the wrong real estat...

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CORONAVIRUS: REAL ESTATE AGENCIES CLOSED TO THE PUBLIC

Due to the coronavirus epidemic, real estate agencies will be closed to the public from tomorrow.On Saturday March 14, Prime Minister Edouard Philippe announced the imminent closure of public places that are not necessary for the life of the country. Decision which will be validated by decree.Closure of places of no importance for ...

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REAL ESTATE INVESTMENT • DISTINCTION BETWEEN PERFORMANCE REAL ESTATE AND HERITAGE REAL ESTATE!

Today, it is not possible to build a heritage without resorting to real estate investment. In this perspective, two two subcategories of real estate investment should be clearly distinguished, namely:Yield real estate - corresponds to real estate investment whose objective is to create the highest possible guaranteed income;Heritag...

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OFF-MARKET: THE SECRETS OF THE HIDDEN MARKET

It happens that some very high standard goods are bought, rented or sold in the greatest discretion, no real estate ad having been published ... What are the specifics of the "off market", this ultra-confidential parallel real estate market? Here are the answers here:" TO LIVE HAPPY, LIVE HIDDEN "The “off market” (“off market”, in ...

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DGCCRF • LITIGATION AND MEDIATION

In the event of a dispute with our real estate agency, any client and consumer may have recourse to a mediator, in accordance with the provisions of article L. 616-1 et seq. Of the Consumer Code.This consumer mediator is referenced to the Consumer Mediation Assessment and Control Commission (CECMC in French).The list of consumer me...

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YNGVE SLYNGSTAD • THE MAN WHO WAS WORTH 1000 BILLION

Yngve Slyngstad is one of the most influential men in global finance. He heads the Government Pension Fund Global - the wealthy Norwegian sovereign wealth fund, known for its ethical and responsible positions. This institution now weighs more than $ 1000 billion, making it the first sovereign wealth fund in the world. This institut...

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TEAM BORFIGA EZE • A UNIQUE PADEL TENNIS CLUB ON THE CÔTE D'AZUR

Located in a particularly privileged setting, the members and players of Team Borfiga Eze benefit from an exceptional environment!Indeed, the infrastructures are modern and perfectly adapted, the club is magnificently integrated in a calm, sunny and green nature.The atmosphere is just exceptional, the Team is particularly welcoming...

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THE PUBLIC REAL ESTATE PARK AVAILABLE ONLINE

Do you want to acquire a public good or find out more about the state's property management vision and strategy? The Minister of Action and Public Accounts, Gérald Darmanin, is launching a new internet platform on state land policy. You can now access several websites on the sale of state real estate or movable property and the ass...

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PARIS PLACE DE L'ETOILE • HISTORICAL BUILDING

June 2014 - BENJAMINPRATT distinguished itself by having sold one of the most prestigious historic buildings in France on Place de L’Étoile, now the new Embassy of the Republic of Kazakhstan.The building is located at the crossroads of the prestigious Parisian arteries that are Avenue Hoche, Avenue de Friedland, Rue de Tilsitt and ...

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GET READY, WE ARE OPEN!

Get ready, we are open!We are pleased to announce the opening of our second agency BENJAMINPRATT in the Principality of Monaco.Since the creation of the first agency in 2010 in Cap d'Ail, BENJAMINPRATT has continuously evolved to provide a high quality service and successful negotiation for its customers.Our field of activity cover...

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WE HIRE AT BENJAMINPRATT !

WE HIRE AT BENJAMINPRATT !As part of its development and its upcoming opening as a new agency in the Principality of Monaco, Benjaminpratt is looking for an agent / negotiator for his Cap ofAil agency under the status of independent commercial agent.With his experience and presence, Benjaminpratt will provide you with all its know-...

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EXEMPTION FROM CAPITAL GAIN TAX ON MAIN RESIDENCE

Exemption from capital gains on the sale of a principal residenceThe capital gain generated by the sale of the main residence is exempt from income tax (flat rate of 19%) and social charges (at the rate of 17.2%), regardless of the type of property ( individual house, chalet or apartment).It is sufficient that the accommodation sol...

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PURCHASING VIA AN SCI A FOREIGNER IN FRANCE: WHAT ARE THE PITFALLS AND THE TAX CONSEQUENCES?

Set up an SCI for its buy of their possessions that were. Exactly what will be the taxation ramifications with the alternative?Purchasing via an SCI: would be your taxation higher?The tax paid to the purchase of a property will be exactly the very exact same as if there's absolutely not any SCI, also is untouched by the existence o...

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CERTIFY THE VALIDITY OF YOUR WILL IN THE CASE OF AN INTERNATIONAL SUCCESSION

A will is an act through which a person, called a testator, expresses his last wishes and disposes of his property for  the period following his death.Wills can be challenged in France for various reasons, including:- If the will does not respect the conditions of capacity: for example, the testator did not have all his mental...

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BENJAMINPRATT • SPONSOR OF THE VERY FAMOUS LA RESERVE MALA BEACH

BENJAMINPRATT is now sponsor of the very famous La Reserve Mala Beach - one of the most exclusive and amazing beaches on the Côte d'Azur ! Copyright 2018 SAS BENJAMINPRATT - Any reproduction prohibited...

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GUIDE TO PROPERTY TAXATION IN FRANCE FOR 2018

Guide to Property Taxation in France for 2018Discover our guide to property taxation in France – 2018:Free dowload at:https://www.cabinet-roche.com/documents/administratif/documents_pour_les_clients/Guide-to-property-taxation-in-France-Roche-Cie-Accountants-in-France-2018.pdfSource: Cabinet Roche & Cie, English speaking accountant ...

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FRENCH TAX INFORMATION FOR NON-RESIDENTS IN FRANCE

Complete information with free download at:https://www.cabinet-roche.com/documents/note-information-patrimoine/en/Non-Resident-Newsletter-April-2018.pdfSource: Cabinet Roche & Cie, English speaking accountant in Lyon, France - Specialist in French Real-Estate and Non-resident taxation.Copyright 2018 SAS BENJAMINPRATT - Any reproduc...

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THE ISF GIVES WAY TO THE IFI

As you most certainly know, the wealth tax (ISF) gives way, as of 2018, to the property wealth tax (IFI). But what exactly is changing? Explanations ...So far: ISF€ 1.3 million. If the value of your taxable net wealth exceeds € 1.3 million, you have to pay the wealth tax (ISF).Taxable property. This tax affected all property of the...

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THE 10 MOST EXPENSIVE CITIES ON THE RIVIERA

Discover the 10 most expensive cities on the RivieraSaint Jean-Cap Ferrat - 12 341 €/m² :Villefranche sur mer - 9 251 €/m² : Cap d'Ail - 8 440 €/m² : Eze - 8 243 €/m² : Beausoleil - 7 198 €/m² : Théoule sur mer - 7 085 €/m² : Roquebrune-Cap-Martin - 6 857 €/m² : Cannes - 5 150 €/m² : Nice - 4 606 €/m² : Biot - 4 575 € / m² ...

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CAN WE USE A DRONE TO CARRY OUT PRIVATE PROPERTY CHECKS? 


According to the Directorate of Legal and Administrative Information (Prime Minister), a municipality can not use a drone to find violations of urban planning or tax. The capture of images by means of a drone flying over private property can be considered as an interference with privacy as long as the controlled area is i...

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HAPPY NEW YEAR 2018 !

Dear clients and friends, wishing you a wonderful new year filled with love, joy, health and happiness ! Warm regards, Benjaminpratt Don't forget to subscribe to our newsletter and be the first to get informed of our new listed properties ! http://benjaminpratt.us4.list-manage2.com/subscribe?u=4b6c7f6c06521d8072a155a2d&id=bd54fd7...

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SEASON'S GREETINGS!

Warmest thoughts and best wishes for a wonderful Christmas and a very happy, healthy & peaceful New Year!
All the best for you and your family,
Benjamin Pratt

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PROPERTY TAXATION IN FRANCE FOR 2017 • INVESTING IN FRANCE

France is among the tourist and realestate investment destination for nonresidents.Nevertheless taxation, legal and administrative limitations are typical areas of concern to foreign shareholders. Would you like to get home in France? What's the acquisition procedure?You know about this Impôt p Solidarité sur la Revenue (I.S.F), th...

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PURCHASE OF REAL ESTATE IN FRANCE BY A FOREIGN COMPANY

There Is Not Any legal obstacle to This acquisition by a foreign company of property located in France. However be a source of lawsuit and difficulties.The earnings of rents and property capital profits.As soon as the profit will have its source in France, the income generated will soon likely be subject to corporate taxation rates...

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INTERNATIONAL TAXATION COMPARATIVE

THE REAL ESTATE TAXATION FRANÇAISE: ONE OF THE MOST PERFORMING REGIMES The fashion of the "french bashing" which is developing throughout Europe does not spare the field of taxation. France suffers from the rather negative image conveyed by the foreign media, without actually demonstrating it. The example of the tax at 75% of reven...

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FROM VISITING A PROPERTY TO SIGNING THE FINAL DEED • FOUR STEPS TO BUYING A PROPERTY IN FRANCE

Step 1: the offer to purchaseStep 2: the notary's choice Step 3: the compromise or the promise of sale > About the buyers > About the seller Step 4: Notifying the Compromise or Promise to the Purchaser Step 5: The loan offer > Acceptance of the loan offer Step 6: the bill of sale Step 7: the award ceremony


STEP 1...

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THE END OF THE WEALTH TAX AND THE CREATION OF A NEW WEALTH TAX ON REAL ESTATE…

The 2018 finance bill (hereinafter referred to as “PLF”) is currently under discussion in the French Parliament. It should be adopted before the end of the year and will enter into force on January 1, 2018.Among the various measures (including the introduction of a "flat tax of 30%" on certain financial income), the abolition of th...

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TAX: GOOD NEWS !

The shares of the Monegasque SCI holding a property in France will not be subject to French inheritance tax. CI. Judgement of the Plenary Chamber of the Supreme Court of October 2, 2015.Source: https://www.courdecassation.fr/jurisprudence_2/assemblee_pleniere_22/622_2_32684.htmlCopyright 2015 SAS BENJAMINPRATT - Any repro...

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MAIN RESIDENCE: ELUSIVE!

Since 7.8.2015 (Law Macron art. 206), the main residence can no longer be the subject of a foreclosure by creditors in the event of professional debts, without having to first establish a statement from seizure. But this measure benefits only individual entrepreneurs, not the corporate executives.Copyright 2015 SAS BENJAMINPRATT - ...

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FURNISHED RENTAL: A LIST OF COMPULSORY FURNITURE HAS BEEN PUBLISHED!

Sylvia Pinel, Minister of Housing, Regional Equality and Rurality, announces the publication of a decree fixing the compulsory furniture in a furnished apartment rented as a main residence.Alur's law stipulates that the furniture must be "in sufficient quantity and quantity so that the tenant can sleep, eat and live there as requir...

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THE MARKET IS PICKING UP

More sales than a year ago on the Cote d'Azur.After a longstanding slump, the real estate market in the Alpes-Maritimes restored earnings of new buildings increased with a notable 34 percent, along with the market by 54 percent. The resale speed rose by twenty per cent.The investors are coming back into this Côte d'Azur, at least a...

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EILEEN GREY: ALONG LIFETIME AND ALSO A BRIEF FANTASY, '' THE NARRATIVE OF VILLA E1027

It was in 1937 that Corbusier arrived for a first visit and his admiration for the villa developed into the obsession which would haunt him until the end of his days. The authentic reduction started when Madame Schelbert expired in 1982 and that also she abandoned that the villa into the physician, Peter Kagi, that taken off the ho...

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THE REAL ESTATE MARKET OF THE CÔTE D’AZUR:

Prices are rising again!Good news for the many Italians who wish to sell their second (or third) house on the Costa: the price levels are returning to those of 2008.The Côte d'Azur real estate market is recovering. Prices, which had suffered many substantial drops, are returning to their highest levels. The FNAIM 06 observatory ind...

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MONACO • DESCRIPTION AND REAL ESTATE MARKET

The Principality of Monaco is a small state with an area of 2.02 km2 enclosed between 3 French municipalities that are Cap d'Ail, Beausoleil and Roquebrune Cap Martin. This independent country is bordered by the Mediterranean Sea. It’s a country of superlatives. Indeed, Monaco has about 38,000 inhabitants or 19,000 inhabitants per...

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VILLEFRANCHE SUR MER • DESCRIPTION AND REAL ESTATE MARKET

Villefranche-sur-Mer is a commune located on the French Riviera between Saint-Jean-Cap-Ferrat and Nice and only 10 km from Monaco. Villefranche stretches from the seaside up to the hills above where the panoramas are exceptional. Villefranche is particularly known for its famous harbor which between Cap Ferrat and Cap de Nice hosts...

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SAINT JEAN CAP FERRAT • DESCRIPTION AND REAL ESTATE MARKET

The peninsula of Saint-Jean-Cap-Ferrat is one of the most beautiful sites in the Mediterranean, ideally located between Villefranche and Beaulieu. It houses more than 600 villas, most of them very luxurious, which in the past belonged to famous families, including the King of the Belgians Leopold II. The mild climate, the discretio...

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ROQUEBRUNE CAP MARTIN • DESCRIPTION AND REAL ESTATE MARKET

Roquebrune Cap Martin, also known by the diminutive of Roquebrune or RCM is one of the three border municipalities and bordering on Monaco. It is also close to the municipality of Menton. Roquebrune welcomes around 13,000 inhabitants, a good part of whom work in the Principality of Monaco due to its immediate proximity. The city co...

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NICE • DESCRIPTION AND REAL ESTATE MARKET

The city of Nice also known as “Nissa la bella” is located on the coast of the Baie des Anges. It is the second city of the department and has more than 350,000 inhabitants. Nice was once a popular destination for the European elite. Today it remains a very cosmopolitan city and a destination of choice for tourists and the acquisi...

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MENTON • DESCRIPTION AND REAL ESTATE MARKET

Menton is a tourist town on the French Riviera which lies on the border of Italy and a few minutes from Monaco. It is nicknamed "Pearl of France" in particular because of its magnificent seaside and turquoise beaches and its exceptional Mediterranean climate which gives it mild and sunny winters. But Menton attracts many tourists ...

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LA TURBIE • DESCRIPTION AND REAL ESTATE MARKET

La Turbie is a village on the heights about fifteen minutes from Monaco. It is very popular with residents and working people of Monaco for its quality of life, its freshness and its easy access. But he is also known for his August trophy or "Trophée des Alpes", raised about 2000 years ago, the Monte Carlo Golf Club golf course and...

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EZE • DESCRIPTION AND REAL ESTATE MARKET

The commune of Eze is made up of three sectors which extend over a steep territory starting from the seaside, the area of which is called Eze bord de Mer, up to Eze Village on the heights at around 500 meters above sea level. These two zones are linked to the middle by Saint Laurent d'Eze. Eze is world famous for its village and i...

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CAP D’AIL • DESCRIPTION AND REAL ESTATE MARKET

Cap d'Ail is one of the little pearls of the French Riviera. Indeed, the city benefits from a privileged position on the immediate border of Monaco between the Mediterranean Sea and the Mountains. Its fame dates back to the 1940s when famous personalities stayed there, including: The Light Brothers, Sacha Guitry, Lord Beaverbrook,...

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CANNES • DESCRIPTION AND REAL ESTATE MARKET

Cannes is certainly one of the most remarkable cities of the French Riviera. Indeed, Cannes is world famous for its Film Festival and the plethora of its events but also for the quality of this seaside city characterized by the luxury of its establishments and its festive life, the character of its fishing village and the authentic...

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BEAUSOLEIL • DESCRIPTION AND REAL ESTATE MARKET

Beausoleil is one of the three bordering and border towns of Monaco. This very cosmopolitan city of 14,000 inhabitants, the majority of whom are active, overlooks the Principality, which is easily accessible on foot in a few minutes. This is what appeals to its inhabitants. This city is mainly divided into three districts: that of ...

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BEAULIEU SUR MER • DESCRIPTION AND REAL ESTATE MARKET

Beaulieu sur mer is a luxurious seaside resort located between Nice and Monaco and a stone's throw from Saint Jean Cap Ferrat. It is good to live there. It has about 4,000 inhabitants. Beaulieu-sur-Mer has many advantages, among which: an exceptional setting between sea and mountains, two ports, beautiful beaches, high-end shops, l...

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