P
property_picnic
New Member
The French government is keen to encourage more holiday accommodation within the country and as a result buyers can look to reap the benefits of investing in French new build's when looking at Overseas Property.
Currently buyers will receive a rebate of the 19.6% VAT applied to new build French homes. The rebate received can then be attributed against the mortgage as a personal contribution meaning the chances of obtaining a 100% mortgage.
In many instances French management companies will guarantee rental income (approx 3.8%- 5.5% guaranteed) regardless of void periods for a term of up to 9 years. It should also be worth noting that the guarantee will also be inflation linked.
Being a new build maintenance and ongoing costs are likely to be of a minimum. Many "off-plan" properties rise in value prior to buyers even taking possession so if buyers are planning a French new build investment as part of their Overseas Property portfolio spotting new developments earlier can be key.
Currently buyers will receive a rebate of the 19.6% VAT applied to new build French homes. The rebate received can then be attributed against the mortgage as a personal contribution meaning the chances of obtaining a 100% mortgage.
In many instances French management companies will guarantee rental income (approx 3.8%- 5.5% guaranteed) regardless of void periods for a term of up to 9 years. It should also be worth noting that the guarantee will also be inflation linked.
Being a new build maintenance and ongoing costs are likely to be of a minimum. Many "off-plan" properties rise in value prior to buyers even taking possession so if buyers are planning a French new build investment as part of their Overseas Property portfolio spotting new developments earlier can be key.
