NEWS IN BRIEF

Living France - - Property News -

Those search­ing for ac­com­mo­da­tion in Paris could soon have the op­tion of stay­ing at the ma­jes­tic Palace of Ver­sailles as the gov­ern­ing body that man­ages the palace is invit­ing bids from com­pa­nies to cre­ate and run a ho­tel in three of the man­sions. The Grand Con­trôle, Petit Con­trôle and Pav­il­ion are on of­fer and it would re­quire huge in­vest­ment to get the build­ings up to scratch. Not all of the rooms would lead into the grounds but those that do will also have views across the fa­mous Ver­sailles gar­dens ( pic­tured).

The French gov­ern­ment has ex­tended the cool­ing-off pe­riod ( délai de re­trac­tion) for buy­ers of French prop­erty from seven days to 10 days with im­me­di­ate ef­fect. This means buy­ers in France now have 10 days from when they re­ceive the coun­ter­signed copy of the com­pro­mis de vente to with­draw from the pur­chase. Sellers do not have a cool­ing-off pe­riod and if you pull out af­ter the 10 days then you will prob­a­bly for­feit the de­posit.

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