WITH capital growth rates of 10% last year in most areas in France, some as high as 20%, now is a good time to get those sun-drenched feet on the French property echelle (ladder! ).
There's barely any need for tourist tomes of blissful countryside and romantic snowcapped Alps drizzling with ski enthusiasts. Investors can find out the nitty-gritty at the French sale and leaseback expo showcased by Prunty's Overseas Properties in Dublin and Cork on 11 and 12 November.
Leaseback schemes are popular because you lease your property to a French management company who sublet it to tourists on a shortterm basis. This way, you are guaranteed a net rental income of between 4% and 5% of the property price for a minimum of 10 years, renewable afterwards.
At the show next weekend, Prunty's will launch four leaseback developments, all with very 'competitive' price tags.
Relais Spa is a four-star luxury mix of studios and one-bed apartments in a spa centre located five minutes from Paris Charles de Gaulle International Airport. This is a complete wellbeing and stress-relieving complex with a private swimming pool, Jacuzzi and fitness centre.
Studio and one-bed apartments (fully furnished) start from 153,000 excluding VAT.
Les Academiades is a student and business residence in the city of Sevres in south west Paris, less than 15km from central Paris. The apartments come fully furnished.
Onsite facilities include landscaped gardens, volleyball court, parking, rooftop terraces and breakfast room.
Le Splendid is located in Allevard-Les-Bains in the Isere region of the Rhone Alps. The complex comprises 125 units ranging from studios at 70,000, one-bed apartments from 83,000 and two-beds from 124,000 excluding VAT. Investors will benefit from a net guaranteed rental income of up to
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