The investment
A popular way to invest in property in France is to buy a leaseback property which benefits from a government-backed VAT-refund incentive, designed to encourage investment in tourist residences. Through freehold ownership of an apartment or cottage that is leased back to a management company for a minimum period of 9 years, investors benefit from guaranteed annual returns from their fully managed and maintained property with relatively low up-front costs and no ongoing maintenance or running charges.
You can purchase a leaseback property through your pension fund or with a 100% finance packaged available from the French Banks on a pure investment option.
Attractions
- A freehold, fully furnished property
- Investor entitled to benefit from 19.6% VAT paid by Pierre and Vacances.
- Property leased to P&V management/tourist company for minimum 9-year period, with automatic renewal for a further 9 years
- Investors receive index-linked, guaranteed annual return of up to 4.5% with options for personal usage
- No running charges or maintenance costs
Reputation
Pierre & Vacances is listed on the French stock market and is the leading tourism property development and management company in Europe. Our reputation has been gained over 43 years of building and managing quality properties in the best locations across France (and now in Spain and Italy) and by providing holidays to over 6 million tourist clients a year.
- PV 40 year track record as the No 1 tourism management company in Europe
- Your rental income is guaranteed and net of all charges
- One blue chip rental tenant
- Personal usage options available up to 20 weeks when bought pure investment option
- Owner’s exchange programme in any P&V residence – Cote d’Azur, the Alps, Brittany
- You are eligibile for an owner’s discount of 15 to 20% (pure investment option)
- 100% mortgages available – rates as low as 2.3%
- 19.6% VAT rebate pre-financed
- No running costs, no maintenance, no charges – no hassle
Guaranteed Return
Companies selling leaseback properties “guarantee” their investors an annual return. These guarantees are secured by the financial strength of the company offering them, its ability to successfully manage, maintain and rent the property and to continue providing returns during good and bad tourist conditions over the period of the lease.
Pierre & Vacances has successfully provided its investors with guaranteed returns for over 40 years and with 54,000 properties under management and 6.6 million tourist clients, is Europe’s market leader in the development and management of tourist residences.
Pierre & Vacances is listed on the French stock market.
With the renewal of the lease for a second period, Pierre & Vacances are responding to investors needs for long term rental guarantees for 3 key reasons:
- typical mortgage length (15-20 years)
- exemption from French Capital Gains Tax after 15 years ownership
- long term quality management