French leaseback properties, otherwise known as ‘tourist residences’, have been a popular way to invest in French property for more than 40 years. A leaseback property is a property that is owned freehold just like any other, except it is then ‘leased back’ to a management company for a minimum period of 9 years. Owners benefit from a government-backed VAT-refund incentive designed to encourage investment in tourist residences, guaranteed annual returns from their fully managed and maintained property and relatively low buying costs.
As the property will be used to cater for tourism demand in its location, a leaseback property is sold fully furnished, usually with a parking space and private storage for the owners.
The main advantages of a French Leaseback property are numerous:
- A freehold, fully furnished property
- Buyer receives a 20% VAT rebate
- Property is leased to a reliable management company
- Investors receive index-linked, guaranteed annual rental returns
- Use it as an buy-to-let investment or holiday home
Our handy little guide will tell you everything you need to know about the security and advantages offered by this well-established property purchase scheme. If you havent already, visit this section and pop your details into the form. This will give you immediate access to our documents and downloads area. Here you will find our free Guide to French Leaseback property as well as floorplans, specifications, and further information about Odalys - our chosen management partner, and industry leader in the hospitality sector.
If you would like to have a chat about how French leaseback property can benefit you, send us an email (and we'll call you straight back).