Properties for sale in France

Good News for French Property Leaseback owners.

The Leaseback scheme was introduced by the French Government to stimulate tourism in France by increasing the quantity of quality holiday accommodation. Leaseback developments are usually sold "off plan", and the properties come fully equipped. They are usually located in a "Residence Tourisme" which offers short term holiday accommodation and provides a variety of guest services, including reception, breakfast, laudry and linen services, swimming pool, restaurant, kids club etc.

Under the scheme, the purchaser buys a freehold property which is then leased back to a management company for a period of 9 or 11 years. In return the Management company guarantees a rental income from the property which it secures by letting the property to tourists. The Management company also looks after all maintenance during the leaseback period.

Under the Leaseback scheme, the French Government agrees to reiumburse the VAT on the purchase - an effective discount of 19.6%. Prior to the 1st January 2006, an owner selling his property within the first 20 years of ownership would have had to repay a proportion of the VAT back to the French Government.

However, under Article 257 bis of the French Tax Code, effective from the 1st January 2006, an owner who sells to a buyer who leaves the property in the Leaseback scheme, does not have to repay the VAT.

Resorts International have details of a number of Leaseback schemes in France,Italy and Spain. Please call us for further information.

Please note that below are a selection of the properties we have available, please contact us for further details.

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