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**
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 to the Alps
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