Leaseback:
How It Works
In France the government encourages new owners of properties only intending to use them for a few weeks each year to rent them out under a scheme known officially as Résidences de Tourisme. This is more commonly known as leaseback.
The purchaser buys a new Résidences de Tourisme-designated property freehold (and saving 19.6% VAT) then leases it back to a management company for a minimum of 11 years. There are two variations: you can lease it for rental income (typically 3.7-5%) and have minimal personal use annually, the owner having first choice of which weeks to spend at the property, stating their preferred dates before the start of each season. Alternatively, you can purchase at a discount and get more weeks of usage, but without the rental income. After the lease has finished the property becomes yours to use and do with as you wish.
More information here: Erna Low Property.
**Latest Property Releases**
Work starts on the creation of Le Centaure, an eco-friendly developmentby MGM Constructeur in Flaine, French Alps
Construction work is getting underway at Flaine in the French Alps where MGM is building 66 new ski apartments at Le Centaure (pictured here), a residence de tourisme described by the company as ‘state-of-the-art in terms of sustainability and fuel economy.’ For details call 0207 4940706 or visit www.mgm-constructeur.com
The MGM development of sunny south-facing apartments will be located at the heart of the resort which was conceived in 1959 and constructed in the sixties by Eric Boissonnas and Marcel Breuer in the Bauhaus style of modern architecture. . Externally, the architectural style of the new residence Christian Hauvette has designed for MGM is modern to comply with strict local regulations. Energy-saving features include solar panels on the roof and reinforced exterior insulation.
The apartments at Le Centaure range in size from 27 sq metre studios to 75 sq metre three-bedroom duplexes. They include apartments specially adapted for use by disabled occupants. These apartments have larger floor areas in all rooms, especially the bathrooms and lavatories which have handrails.
Residence facilities include a 25m x 10m indoor swimming pool – and a smaller children’s pool – with floor-to-ceiling glazing to give dramatic views of a nearby mountain waterfall. There will be a sauna, jacuzzi, steam and fitness rooms. A spa and beauty centre will have a variety of massages and body treatments on offer.
Off-plan prices of the properties at Le Centaure start at €159,000 for a studio, rising to €426,000 for a three-bedroom duplex apartment. The prices, which include parking, cellar storage and a ski locker, exclude VAT waived under the leaseback scheme.
Information: Call MGM’s UK office at Kingsland House, 122 - 124 Regent Street, London W1B 5SA, telephone 0207 4940706, email london@mgm-immobilier.fr or visit the website www.mgm-constructeur.com
Swiss Ski Development in Four Valleys Pioneers Regions 'Warm Bed' Scheme
Notoriously difficult for foreigners to invest in property, Switzerland has now opened its doors to ‘residence de tourisme’ style investments following the hugely successful ‘leaseback’ formula in France encouraging foreigners to purchase holiday homes in the Swiss Alps.
Architects impression of Les Mayens d’ Hérémence, Verbier.
Image courtesy of Erna Low Property
Erna Low Property is delighted to announce the release of the brand new 5* development ‘Les Mayens d’Hérémence’ located in the picture-perfect alpine village of Les Masses, linked to world renowned Verbier to form part of the 4 Valleys ski area of 410km of slopes. Due to canton restrictions, it has been increasingly difficult for foreigners to invest in Switzerland but a freehold purchase of an apartment at Les Mayens d’ Hérémence comes attached with a 15 year management lease to provide the buyer with a guaranteed index linked rental return for its duration.
See our full report here for more information and contact details.
The Environmentally Friendly Chalet:
A look at how one developer is building chalets with a ‘green’ future.
The Renovation of La Schappe
An old silk mill in Briançon is being transformed into luxury apartments, retail outlets and a museum in what promises to be a landmark restoration in the Southern Alps.
Investing in Ski Property
The desire to own a ski property not only remains as strong as ever, but is growing steadily. Demand in Europe and North America currently outstrips supply, as new buyers rush to join (and fuel) a rising market.
Savoyard Style..Redefined
Arc 1950 Le Village looks and feels quite unlike any other European purpose-built ski resort. We appraise Intrawest's first Alpine development.
Take the train...
Rail Europe, the UK subsidiary of SNCF French Railways, provides rail travel right into the heart of the French Alps.
Flights
Fly to the best ski destinations with Flybe
Discover the new and exclusive route to Sion airport in the Swiss Alps.
Ferry Travel
Norfolkline - low prices, quality ferries, convenient schedules
Transfers
Need a lift?
Holiday Taxis offer private transfers from airports to ski resorts in the Alps. Whether it's just you or a bunch of friends, they have transport to suit your needs.
Car Hire
Insurance
