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Malta Now Attractive Shopping Destination

Turkey Property Market Stronger Than Most

British Weather Feeds Overseas Property Markets

Sainte-Foy-en-Tarentaise For French Alps Property

International Property Industry Descend at MIPIM in Cannes

Homes Go Fast

French property now more attractive

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French real estate has become even more attractive with recent changes in the way French Leaseback property is taxed on its sale. Changes in French law now remove the necessity to pay VAT on French Leaseback properties when they are sold making this type of French property an attractive overseas property investment.

The Leaseback System is a scheme which was introduced by the French government in 1976 to boost the tourist industry in different parts of France. The French government was concerned about the slow French housing market and a slow down in tourism in certain areas of France. The leaseback property buying system was introduced to counteract these problems. Leaseback developments were originally in the less popular areas of France but the scheme has greatly expanded since those days

Before the introduction of the new French property law, the payment of VAT on the new property - currently 19.6% - was waived but, if the property was sold prior to completion of the 11-year term, the vendor was obliged to pay a proportion of the VAT back to the state. The investor is no longer required to repay any VAT at all when selling the apartment, even if he or she re-sells within the first five years of ownership. The only condition is that the residence must be ‘classified’ with an official tourism star rating

The French property market was brought into the fore by allegations of greed and advantageous property deals as Ségolène Royal was accused of underestimating the value of her French Riviera holiday home to minimise her tax bill.

Ms Royal the first woman with a chance of becoming French president faced down the charges, saying she had been "transparent" over her property portfolio. The tax authorities would have intervened if there were grounds for concern, she said

Property in France

French real estate

Overseas Property For Sale in France

France

GBP 152,200

A one off opportunity to own a

France

EUR 371,000

Between Antibes and Cannes, between

France

EUR 1,990,000

Stunning property with stunning

France

GBP 140,603

In the middle of a village, 35'

France

EUR 451,000

Village with all shops, services,

France

GBP 32,000

Set in the groundsof a tradition

France

EUR 450,000

VISIT THE WEBSITE !!!!!! Region:

France

EUR 126,000

Apartments for sale Pouligny-Notre-Dame

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