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 see below for information on new resorts in various areas of France.
| The Nomad offer |
| This is an "exclusive offer" to owners of a property purchased from the developer company in any of the below developments which entitles the owner to enjoy 12 x one week holidays in the off peak season, in any of the 35 company's resorts, from as little as 50 euros per week for a comparable property to the one purchased, subject to availability. Full details and general terms are availble on request. |
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It is in the west of Montpellier, in the heart of Juvignac that Group Proméo has chosen to make the real estate program “Le Domaine de la Valadière” for the senior clientele, and “ Côté Green” as a residence of tourism.
Strong point:
- Exceptional situation in the capital city of Languedoc: Montpellier
- Ideally located the hearts of a wooded area of 180 hectares, along the international 18 holes golf course Fontcaude, these residences are completely designed for the well-being of the clients.
- With Energy- efficient Standards, these residences are fully designed as environmental protection buildings
Summary:
Le Domaine de la Valadière
- Apartments from studio to 2 bedrooms, with 23 sqm to 69 sqm living surface
- Attractive yield of 4.3%
- Totally secured residence and specially designed for senior people
- The price ex VAT is from 84 448€ for a studio, from 140 719€ for a one-bedroom and from 185 619€ for a two-bedroom
- Brochure: click here
Côté Green
- Apartments from studio to 2 bedrooms, with 16 sqm to 60 sqm living surface
- Outdoor heated swimming pool, spa with Jacuzzi et sauna and mini kid club
- The price ex VAT is from 55 000€ to 103 000€ for a one-bedroom, from 107 000€ to 149 000€ for a two-bedroom and from 187 000€ to 207 000€ for a three-bedroom
It is situated in the heart of the historic town of Les Eyzies de Tayac in Dordogne, one of the rural areas most visited of France. The village has earned the name « World Capital of the Prehistory »; this is the place where the Cro-Magnon man has been discovered!
Strong point:
- Ideally Situated in Dordogne, the Perigord Noir area is full of natural and cultural assets: Sarlat and its old medieval city the Lascaux’s prehistoric cave, the fortified castles, natural parks and gardens, etc.
- Apartments fully equipped and furnished
- Beautiful land situated alongside the Vézère river
Summary:
- Tourism residence / Holiday resort
- Residence composed of 116 apartments with 2 floors, living surfaces between 28 and 35 sqm
- Sleeping capacity: for to 4 to 6 people, each unit including terrace and / or garden
- Attractive yield of 4.2%
- The price ex VAT is from 91 500€ to 102 500€ for a one-bedroom and 118 500€ to 127 500€ for a two-bedroom
- Brochure: click here
The residence is situated 3 kilometres only from the sea and Argeles centre, and the land is surrounded by green lands.
Strong Point:
- Argelès- sur- Mer has 7 kilometres of sandy beaches and 2 kilometres of rocky coasts, one of the most popular seaside resorts in the Catalan coast.
- The land is surrounded by green lands
- Well-being area including fitness room, jacuzzi and sauna and fully secured Children games area
Summary:
- Fully furnished and equipped apartments and villas from 4 to 8 persons, with terraces and/or gardens until 115 m2
- 161 apartments, from 1 to 2 bedrooms, surfaces between 28 and 51 m2
- 42 duplex villas, from 1 bedroom to 3 bedrooms, surfaces between 39 and 74 m2
- The price ex VAT is from 97 000€ to 132 000€ for a one-bedroom, from 131 000€ to 173 000€ for a two-bedroom and for the villa, the price ex VAT is from 141 000€ to 200 000€
- Brochure: click here
The residence is located at the heart of a quiet residential area in Agon- Coutainville. Close to Coutainville golf course, racecourse, and casino, and not far from the beaches.
Strong point:
- Exceptional location between the Cotentin peninsula and not far from the Channel Islands
- A perfect location for several forms of entertainment and sporting getaways
- Only 1h to the world famous Mont Saint Michel
Summary:
- 79 fully-furnished apartments upon 2 floors from studio to three-room
- Living surfaces from 22 to 52 sqm with terraces until 29 sqm
- Heated swimming pool and conference room on site
- Average yield of 4%
- The price ex VAT is from 69 000€ to 121 500€ for studio, from 111 000€ to 161 500€ for a one-bedroom and 164 500€ to 171 500€ for a two-bedroom
- Brochure: click here
The residence is located only a twenty minute from Paris by public transport, at the heart of a nice quiet town, Chevilly Larue.
Strong point:
- 6 kms from Porte d'Italie and 20 mins from the centre of Paris , and immediate easy access to the centre of Paris (8 bus routes linked to the underground and RER train lines
- Chevilly welcomes on its territory an important number of businesses, such as the MIN, the largest wholesale food market in the world, or the research and development centre of L’Oreal
- The five-storey programme has impressively elegant and stylish lines, its facades blending small grey brickwork, light coloured finish coatings, red wood and glass facing making it blend perfectly into the environment
Summary:
- secure residence of 138 studio and one bedroom apartments, with elevator
- living surface from 19 to 35 sqm, fully furnished and fitted
- automatic gate and wireless access network
- the price ex VAT is from 91 750€ to 120 000€ for a studio and from 148 000€ to 216 500€ for a one-bedroom
- Brochure: click here
The following are the three different purchase schemes available:
Offering a guaranteed rental income, the pure investment option is for investors looking to ensure the maximum possible cash return.
The advantages:
- VAT (19,6%) refund by the state
- Possibility for the developer to advance the VAT for non residents
- Rental income guaranteed by lease
- Fully secured and equipped residence
- No taxes on the income rental revenues
- No occupation but the benefit of the Nomad Offer (90 days/ year – 50 €/week except peak season) to any of our residence in France offered in the catalogue
The light leaseback comes from the same law as the pure leaseback, but the difference is that it includes much more occupancy for the owner. In effect he has the choice between 3 formulas (green, yellow or blue) during which he has to give his property to the management company who will rent it. The periods are 4 to 8 weeks, usually all July, all August, or all July- August, during which the owner cannot come but receives a guaranteed rental income from it.
The advantages:
- VAT (19,6%) refund by the state
- Possibility for the developer to advance the VAT for non residents
- A guaranteed rental income
- Use of the property up to 182 days per year
- A full services second home: activities, cleaning, reception…
- A perfect combination between an investment and the pleasure of a second home
- The benefit of the Nomad Offer (90 days/ year – 50 €/week except peak season)
- An interesting additional rental income: 70 % of the turnover perceived by the lessor
The light leaseback + comes from the same law as the pure leaseback and the light leaseback. This formula includes high personal occupancy for the owner. He should give his property to the management company who will rent it for the period from the first Saturday of October till the last Saturday of April. During this period the owner can come up to 6 weeks and receives a guaranteed rental income. Then from April to October the owner has the choice to come to his property up to 6 months per year, or he can ask the management company to rent it. If the property is rented out the owner will receive 70 % of the public price (from also the peak season prices). He can change his contract every year from using his property or renting it.
The advantages:
- VAT (19,6%) refund by the state
- Possibility for the developer to advance the VAT for non residents
- A guaranteed rental income
- Use of the property up to 182 days per year
- A lot of flexibility for the owner: each year, he can decide between using the property or leaving it to the management company
- A full services second home: activities, cleaning, reception…
- A perfect combination between a leaseback investment and the pleasure of a second home
- The benefit of the Nomad Offer (90 days/ year – 50 €/week except peak season)
- An interesting additional rental income: 70 % of the turnover perceived by the lessor during the peak season, in addition to the guaranteed rental income
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