Dream of a holiday home but unsure you’ll make the most of it?

Most people underestimate how much time they will be able to spend in their holiday home. They buy a home abroad with the conviction they will visit five times a year, during every school holiday break. But life, somehow, gets in the way. Or they underestimate how much the running costs are going to be. Then part-way through ownership, they want to rent out for a bit of the time, to cover costs and make life more comfortable.

But a holiday home overseas need not be a drain on finances, or your time. In fact it can earn you money, in the same way an investment does, and you don’t have to do much once it is set up.

Want to own an earning-holiday-home: Here’s how?

Ile-de-Re-France-managed-holiday-home As with any property purchase, if you buy a decent property in a great location, it can potentially earn rental income as well as being easy to ‘exit’ from and sell on. Earning-while-you-own, means having a home in a desirable, location and of a type that others will gladly pay for.

Top that with a proven management company, who can rent out and manage your property to other holiday makers, without you having to organise it or get involved on a day-to-day basis and you have a winning formula. What’s more, you can have regular monitoring of the management company, to ensure they are paying you, the landlord, on time and to ensure the operation runs smoothly. Then you choose how much you are going to use it, 1 or 2 weeks a year, or maybe a weekend here and there, and the rest of weeks in the year it gets rented out and earns you income.

So you get a holiday home that you don’t feel all the pressure to use at every waking opportunity, and it earns you money.

Too good to be true? It is the Managed Property model in France.

A tax-efficient, proven and established model in France. If you are viewing property investment as a medium to long term investment, then this could be for you. If you are interested in speculating and flipping, then this may not be the right vehicle for you.

France has always been a popular country for investment property in ski resorts or country and coastal holiday homes. Recently it has been edging back up the popularity rankings, vying with Spain.

Many of you investors have a day job too, so you don’t have lots of time to spend managing and running a home abroad. So here’s an interesting investment-lifestyle option to consider.

4 more reasons to buy a Managed Property in France

This model uses the local tax advantages. You don’t pay VAT on the off-plan purchase because you enter into a long term investment and commit to providing the welcome facilities (reception area) apartment cleaning and linen changing services. At prevailing VAT rates, that equates to a 20% discount.

Because the Investment company has a track record of carrying out this type of build, they are known on the market and can get access to properties, in locations which would not normally allow new build. For example one of the latest developments is located on Ile de Re, an established holiday home spot with a traditional resale market. Because of the number of units the investment company build in one go, it means the development is profitable for the land vendor and the local authorities look upon them more favourably because they will attract spending tourists to the area.

And the investment company has buying clout, so they buy at a discount to the market rate, which is translated into the buying price for you, as a landlord.

What’s more you will get a holiday home in a good location. This investment company only takes on about 10% of the projects they investigate, research and conduct due diligence on. So your property will be attractive to other holiday makers and will hold its value for when you want to exit.

France Managed Property Model

france-managed-property-model

 

Please get in contact to chat your plans through by telephone +44 (0)1932 849 536 or contact us

 

 

Our clients get regular updates on hot deals and the latest changes in the property market. Want these? Go here

Property Venture® is an award-winning, European Investment property company who helps build portfolios and the purchase of holiday homes in Europe, with common-sense advice.

The focus is mainly greater Europe: Managed Property in France, German property investment, buy-to-let and homes in Poland, UK investment property, Spanish city and Costa property, Cypriot homes

On the Advisory Board and a Member of the Association of International Property Professionals (AIPP) the business has been vetted, approved and voluntarily commits to Industry Regulation and the Professional Code of Conduct. We are known for our quality customer service and non-pressurised approach to sales. Take a look at what our clients say

Tags: , , , , ,

BREXIT–Homeowners and property investors in Europe- what does it mean for you?

Brexit is an important issue considering the number of landlords based abroad, investing in UK buy-to-let property, has surpassed 2 million* Continue reading BREXIT–Homeowners and property investors in Europe- what does it mean for you?

Tags: , , , , , ,

Difference between an estate agent and superglue?

Estate agents come in for a lot of flak. Almost as much as bankers. Yet part of the problem is that people don’t know what they’ve got until it’s not there. What do I mean by that? Continue reading Difference between an estate agent and superglue?

Tags: , , , , ,

Europe’s lending rule like UKIP policy: anti-foreign?

Is the Mortgage Credit Directive a Regulatory-step too far? Two years’ ago I wrote about impending changes to property financing and how lending would be affected by new Continue reading Europe’s lending rule like UKIP policy: anti-foreign?

Tags: , , , , , , ,

The Full Monty on Overseas Property Agents and Estate Agents

Now that the property market is picking up, across the UK and for some overseas markets, what tends to happen is an influx of new property agents to the market, sensing money to be made. It is an industry with Continue reading The Full Monty on Overseas Property Agents and Estate Agents

Tags: , , , ,

Buying Off-Plan Property-7 steps to off-plan heaven?

Around the world, off-plan in property markets have provided many investors with great opportunities to add profitable buy to let properties to their portfolios, or buy a holiday home at a keener price. Before embarking on such a purchase it might be worth Continue reading Buying Off-Plan Property-7 steps to off-plan heaven?

Tags: , , , , , , ,

Buyers of Holiday Homes Abroad, Overseas Property Investors-Europe’s new mortgage rules

Getting mortgage finance for an overseas property purchase has never been that easy and so some buyers have taken out UK mortgages, as a means of financing a Holiday Home abroad or an overseas property investment. Well, now a new European law on mortgages seeks to harmonise mortgage regulation across Europe. What will it mean in practice? Continue reading Buyers of Holiday Homes Abroad, Overseas Property Investors-Europe’s new mortgage rules

Tags: , , , , , , ,

European property –back out of the starting blocks for investors?

It is heartening to hear that the Eurozone seems to be dragging itself out of recession, growing by 0.3% for the first part of the year, ending 18 months of decline. Unsurprisingly Germany was a key driver of this growth.

What’s more, it is oddly shocking that Continue reading European property –back out of the starting blocks for investors?

Tags: , , , , , ,

Foot on the Property Ladder? First time buyer options?

First time buyers may at times feel they have the odds stacked against them, with an unpredictable property market in the UK and challenges in raising finances.

But maybe it’s time to look at things another way?… Continue reading Foot on the Property Ladder? First time buyer options?

Tags: , , , ,

Spanish property buying process–have you noticed the difference?

Ok so there are a load of exciting property bargains to be had if you have the cash ready to buy one and you‘re hot to trot. But buying a property in Spain is different from buying in the Continue reading Spanish property buying process–have you noticed the difference?

Tags: , , , , ,