An excellent long term investment with little risk involved?
About 35,000 Britons bought property in France last year but there is plenty of room for more.
The buy-to-let market is opening up for new build developments with the option of leaseback schemes and the chance to reclaim the 19.6% VAT.
The Leaseback System is a scheme unique to France which enables you to afford your dream home and to cover a lot or all of the mortgage repayments. You receive a guaranteed rental income, averaging between 3 to 6%, from a large holiday company, who will rent out your property for 9 years, sometimes more.
At the end of the agreed period, you get your property back, good as new, having received 9 years of rent, and with 9 years capital appreciation. The other main advantage of this scheme is that when you originally buy your property, you don't have to pay VAT, which represents a 19.6% saving.
Each apartment or villa bought this way allows the buyer certain weeks of the year for their personal use. This sounds like an excellent long term investment with little risk involved.
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