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Overseas Property News
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Savills launches new French sale-and-leaseback team
Country: France
12 February 2009
Savills is launching a new department - part of the firm’s investment division - devoted to selling property in France on a sale-and-leaseback basis, in anticipation of greater demand in 2009.
The firm believes that the French sale-and-leaseback (propriete allege) property investment vehicle, which was introduced by the French Government in the 1980’s, will grow further this year due to some of the various fiscal benefits introduced at the end of last year.
The changes, which came into force in January as part of the 2009 Budget Law, allows vendors to enjoy greater tax breaks on capital gains (16.5% against the previous 19%).
Check out what’s new for French taxation in 2009.
The French property leaseback scheme is particularly attractive because it allows investors to buy property (often a new-build off-plan apartment) and then lease it back to a management company for a fixed-term of typically 9-11 years. The management company then sub-let the property and in return, guarantee the investor a year-round fixed rental income of 3 to 6% for the duration of the leaseback agreement. Under the terms of the scheme, most properties qualify for a VAT rebate from the French government, while there are other possible tax advantages with the scheme, once the property has been built.
See Also: France
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Price: £15,293
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Type: House
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Bedrooms: 3
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NEW PRICE!!
Total renovation required of this cottage which is ideally situated near to Josselin, in fact it is possible to walk to Josselin from this little hamlet. Also near to the Nantes -Brest canal.
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Price: £16,098
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Type: Apartment
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Flat leisure land of 10 000 m2 located 500 m of a village with all amenities. No water or connexion to electricity. Ideal for gardenning or leisure for the week-end. Land along a country road with an easy access. Lovely views.
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Price: £23,342
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Type: House
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Village house to fully renovate with 80 m2 of possible living space and an interior terrace that could be uncovered (plastic roof). Non habitable as it is, electricity and plombing to foresee. The roof needs to be checked . The floors are sound.
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Price: £25,756
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Type: Apartment
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Flat leisure land of 18 000 m2 located 500 m of a village with alla amenities. No water or connexion to electricity. Ideal for gardening or leisure for the WE. Land along a country road with an easy access. Lovely views. Peaceful location!
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Price: £28,000
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Type: Apartment
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Bedrooms: 1
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Chateau de la Cazine is situated within the heart of the French Lake District of Limousin. The Chateau has undergone a massive refurbishment and is opening in April 2012.
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Price: £28,171
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Type: House
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In a hamlet at 5 minutes from Lamalou les Bains, stone house to renovate with possibility to make 90 m2 of living space on a plot of about 100 m2.
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Price: £28,332
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Type: Apartment
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Flat leisure land of 20.135 m2 located 500 m of a village with alla amenities. No water or connexion to electricity. Ideal for gardening or leisure for the WE. Land with an L shape along a country road with an easy access. Lovely views.
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Price: £30,586
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Type: House
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Bedrooms: 1
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This town house is ideally situated in a quiet residential street, only 2 minutes walk from the town centre. The dwelling of -47 m2 h.s.a., comprises 1 bedroom, bathroom, living room with kitchenette, storeroom and shower room.
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Price: £32,187
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Type: House
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Village house to renovate completely (roof, floors) with 90 m2 inside space and small terrace of around 6 m2 in front of the first floor entrance, located in an authentic village surrounded by lovely nature.
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Prices from: €156,000 Bedrooms: 1, 2, 3, 4 Cohennoz: Great year round location. Mountain lifestyle, easy access to one of the best Alpine skiing areas.
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Prices from: €232,000 Bedrooms: 2, 3 & 4 Apartments & townhouses on Severiano Ballesteros designed Pont Royal Golf Course between Aix-en-Provence & Avignon.
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