French Leaseback Property Offers Best of Both Worlds
11 January 2011
Many potential holiday home owners are faced with a dilemma when they are considering investing in property in France. On the one hand, they desire to escape to a country that is rich with culture, delicious food and wine, and pleasant weather. On the other hand, they fear that they will miss their friends and family back home and they hesitate to make the move completely to another country.
However, there is an option available that provides a compromise that lets investors have their croissant and eat it too.
It is known as French leaseback property, and it is an arrangement that lets foreign home buyers live in their holiday accommodation for part of the year, and earn a rental income on it while they are not using it. With a French leaseback property, the homeowner leases the holiday property back to company who will rent it out for them and take care of all maintenance and utilities. The homeowner is able to stay at the property for free at any chosen point in the year, usually agreed upon at the beginning of the year.
French leaseback property allows you to have your getaway in France and stay there whenever you choose.
However, you need not make the full move over, because while you are back in your home country your French leaseback property investment will be making you money while someone else rents it. You also don’t have to worry about any of the maintenance or care of the property, as that is taken care of by the rental company. It is one of the easiest and most convenient ways to own a holiday home.
If you want to have a holiday home in France to visit, consider whether a leaseback property scheme is the right option for you and your family.
If you are interested in French leaseback property, contact Select Resorts today! We have many options to suit your needs.