Leasebacks offer enhanced value off weak euro
The recent weakening of the euro against the US dollar has opened up new opportunities for US, Middle and Far Eastern expatriate investors looking to purchase property in the Euro zone. While general savings rates have reflected the near zero levels of Central Bank interest rates, leaseback developments in France continue to offer indexed returns of up to 4.5%. Capitalising on the interest this has provoked, Frenchleasebacks.co.uk, the UK portal offering over 45 leaseback developments and fully managed buy to let homes in France, has announced two new developments which it is marketing to UK and expatriate buyers.
Situated at the centre of the major ski resorts of the Tarentaise Valley which is home to the world famous centres of Val d ‘Isere, Tignes, Les Arcs, La Plagne, the Sainte-Foy ski resort offers a range of skiing experiences from black runs through to country skiing through alpine forests to wide gentle blue and green pistes more suitable for the beginner. Sainte Foy has long enjoyed a reputation for being a good-value destination for off-piste skiers, due to the excellent, rugged terrain accessible from its ski lifts. It is also popular, due to its proximity to Italy, for heli-skiing - being taken to remote locations by helicopter rather than ski lift –where it is still legal. Sainte Foy offers charming restaurants, some of the oldest surviving chapels in the Alps and listed buildings with quirky stone columns holding up overhanging roofs. Officials in Sainte Foy have imposed strict guidelines on new buildings so that the chalet style is preserved. The main materials used are larch from the local forests, stone and slate. Sainte Foy's ski lift and piste network has been extended to offer 13 groomed runs catering for those at strong intermediate level. One to four bed duplex apartments are available from 170,000 euros yielding up to 3.8% in this popular resort.
Away from the snow, the new Center Parcs Village, the Domaine de la Forêt de Chambaran, is located in Isère, in a protected site, at the heart of the Chambaran forest. Close to Grenoble, Lyon and Switzerland, it is easily accessible from the UK. Built and designed in accordance with the French High Environmental Quality standards, each cottage has its own character. Comfort, Premium or VIP, with their pleasant, spacious, bright and specially designed interiors, they offer a unique quality of life. The Village provides many outdoor and indoor activities to suit all tastes: water sports, spa and sauna, animal farm, archery, tennis, bowling, skate park, and much more. Two, three and four bed cottages are on offer, with a guaranteed return of up to 4.5%.
In both cases, owners can take advantage of generous holiday usage allowances, thereby combining an investment with a holiday asset.
Frenchleasebacks.co.uk has linked to UK regulated mortgage broker offshoreonline.org to provide a bespoke mortgage advice service. Euro mortgages can be arranged from a panel of French banks. Buyers will have a wide range of choice from ordinary variable rate products to long term fixed rates.