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Loss of chance of capital gain: the rigorous proof required by the Court of Cassation
Droit Immobilier

Loss of chance of capital gain: the rigorous proof required by the Court of Cassation

📅 Decision of 09 February 2010🔄 Updated on 18 October 2026⚖️ Cour de cassation👁️ 44 views📖 2 min read

In a property dispute, claiming damages for loss of chance of capital gain requires solid evidence. The Court of Cassation, in a ruling of 9 February 2010, recalls that the mere fact of having suffered a delay in the sale is not sufficient if the property is ultimately sold at a profit. Practical analysis.

Reference decision: Court of Cassation, 3rd civil chamber • No. 09-65.122 • 9 February 2010 • View the decision →

Imagine acquiring a property with the firm intention of reselling it quickly and making a nice capital gain (the profit between the purchase price and the sale price). But then, an unforeseen event – a defect, a neighbour's appeal, a missing document – delays the transaction. You still end up selling, with a significant profit. Can you nevertheless claim compensation for having lost the chance to sell at an even more favourable time? The Court of Cassation responds with a rejection in a decision of 9 February 2010, requiring you to provide a rigorous demonstration of your loss.

This type of litigation is much more common than one might think. In urban centres where prices dance a frantic waltz – Paris leading the way – market fluctuation can represent colossal sums over a few months. But a principle governs our law: any loss must be certain in order to be compensated. Where does certainty begin when we're talking about a hypothetical gain? That is the whole issue of the ruling handed down by the third civil chamber.

We will unravel the thread of this ordinary dispute, delve into the reasoning of the senior judges, and above all draw practical consequences for any owner, tenant or property professional. Because the decision does not merely recall principles: it firmly anchors them in the concrete assessment of a loss that ultimately did not materialise.

📌 Does this apply to your situation? Maître Cécile Zakine, French real estate lawyer, practises throughout France.
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Legal information

  • Number: 09-65.122
  • Court: Cour de cassation
  • Decision of: 09 February 2010

Keywords

perte de chanceplus-value immobilièreindemnisationpreuve du préjudicearrêt Cour de cassation

Practical use cases

1

A Parisian owner cannot rent out his property for 3 years

Mr. and Mrs. X purchase an apartment in Paris 15<sup>th</sup> for €500,000, with the aim of putting it up for rent. Persistent water ingress makes the property uninhabitable. After 3 years of proceedings, they have the works carried out and sell the property for €650,000. They estimate they have lost €60,000 in rent and a chance of additional capital gain.

Practical application:

According to the 2010 ruling, the actual capital gain of €150,000 may be taken into account to reduce or eliminate the alleged loss of chance, unless an expert demonstrates that the rising market would have allowed a sale at €720,000 at the time of the incident. As for loss of enjoyment, it must be established by supporting documents for aborted rents. Meticulously document every month of vacancy.

2

A developer delayed by an abusive appeal

A development company launches a programme in Lyon. A neighbour's appeal blocks the building permit for 2 years. Finally, work begins and the flats sell for 10% more than initially planned. The developer claims €500,000 for loss of chance of capital gain.

Practical application:

Here too, the court will compare the actual gain (10% increase) with the theoretical lost gain. If the developer proves that without the appeal, he would have sold a year earlier and made an even higher profit (for example, a 15% increase in a rising market), part of the loss of chance may be retained. The expertise of a property economist is essential.

3

A purchaser discovers cracks after the sale

A couple buys a house in Marseille in 2005 for €300,000. In 2007, structural cracks appear. The house is immediately unsaleable. After repairs, they sell in 2010 for €350,000, but claim they missed the market peak of 2008 when the house was worth €450,000 according to an estate agent.

Practical application:

The burden of proof falls entirely on them. An agent's statement is not enough: they must produce verified comparables, notarial indices, a market analysis. If the judges consider that the capital gain achieved (€50,000) is already substantial and that there is no certainty as to a higher price, the claim will be dismissed, in accordance with the rigour of the 2010 ruling.

Maître Cécile Zakine

About the author

Maître Cécile Zakine — Lawyer at the Alpes-Maritimes Bar, Doctor of Law. Every article in this magazine is based on the analysis of a real court decision, commented and put into perspective by Maître Zakine’s team.

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Disclaimer: The analysis presented on this site is for informational purposes only and does not constitute personalised legal advice. For advice tailored to your situation, contact a qualified lawyer.

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