Leaseback Property

Written by: Graham Gilbert Date: 27 November 2007

Leaseback property (or Residence du Tourisme) is a French government backed scheme to increase the amount of new holiday accommodation – it has absolutely nothing to do with timeshare!

The owner of leaseback property owns the freehold and leases it back to a reputable property management company (e.g. Pierre et Vacances) for a fixed term, ususally about 10 years. As the owner has a personal use option (this will obviously reduce your investment income) leaseback property can be bought either as pure investment or as an occasional holiday-home.

Buying a leaseback property has other advantages; you will pay a maximum of 5% deposit (with the balance in staged payments) and the Notaire’s fees will be the same as for any new property – approximately 3%.

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