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The French leaseback scheme was introduced over 30 years ago to help alleviate the growing problem of 'not enough tourist property' to service demand (France is the Number 1 visited country on the planet) Typically bought by the French themselves as a way of boosting their pensions, the leaseback properties bacame popular with UK investors around 5 years ago when the mortgage rules were relaxed.
The most popular areas are the Cote d'Azur, French Alps and Paris as these are the most visited areas in France and solid places to invest. The programme has proved immensely popular because it is government backed; not only do the French Government grant the planning licences for leasebacks, but they re-fund the entire VAT to the client (this is almost equal to the client's entire deposit) as a reward for allowing the property to be used for year round rentals. Along with the guarenteed rents, it's a huge incentive that makes the investment hard to beat.. On the finance side, mortgages are lower than the UK and you can normally fix your rate for the entire term of the mortgage.
A French Leaseback property is also a great way to invest in the European property as your investment is totally hands free; it can be totally managed, fully maintained and all rents are totally guarenteed, you can even take a Euro mortgage. It should be seen as a medium to long term investment that forms part of your property pension. The fully managed aspect means that you can invest and relax. Should you want to take up the optional lifestyle investment which gives up to 2 weeks personal usage a year, France is well served by all the economy airlines.
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