- One of Europe’s top management companies
- 7.5 Million customers
- Freehold leaseback with guaranteed return
- No maintenance or management fees
- Up to 19.6% VAT rebate
- Guaranteed rental returns
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"Residence le Christiana will be managed by Pierre et Vacances, a European leader in tourism management for over 40 years, with a turnover of €1,425 million."
Management
The redevelopment and subsequent management of Residence Le Christiana is being undertaken by Pierre et Vacances, a European leader in holiday properties and tourism management for over With 7.5 million customers and a turnover of €1,425 million, the management company are considered experts in their field40 years. With 7.5 million customers and a turnover of €1,425 million, the company are considered experts in their field.
Rentals
A popular way to invest in property in France is to buy a leaseback property which benefits from a government-backed VAT-refund incentive, designed to encourage investment in tourist residences. Through freehold ownership of an apartment or cottage that is leased back to a management company for a minimum period of 9 years, investors benefit from guaranteed annual returns from their fully managed and maintained property with relatively low up-front costs and no ongoing maintenance or running charges.
Pierre et Vacances, the developers responsible for the renovation of Le Christiana, are offering customers who purchase apartments here guaranteed rental opportunities of up to 3.75% per year as part of this leaseback scheme. They have provided various rental formulas for purchasers, enabling you to choose the option which best meets your needs. These formulas are outlined on the table below.
If you have any questions at all regarding the rental returns at la Tania or the leaseback scheme, please telephone one of our professional consultants who will be happy to assist on 0800 1 303 101.
| Rental Option | Personal Occupancy | Guaranteed Rental |
Financial Property without occupancy |
(no occupancy) |
3.75% ex-VAT |
Formula 1 |
Financial Property with occupancy rights: 2 stays |
3.05% |
Formula 2 |
Financial Property with occupancy rights: 2 stays |
3.15% |
Formula 3 |
Financial Property with occupancy rights: 3 stays |
3.20% |
Formula 4 |
Financial Property with occupancy rights: 5 weeks |
3.10% |
Formula 5 |
Financial Property with occupancy rights: 8 weeks |
2.20% |
Main features of a leaseback property with Pierre et Vacances:
- A freehold, fully furnished property
- Investor entitled to benefit from the 11-19.6% VAT rebate
- Property leased to management/tourist company for minimum 9-year period
- Automatic rental guarantee renewal for a further 9 years
- Investors receive index-linked, guaranteed annual return of up to 4.5% with options for personal usage
- No running charges or maintenance costs
What does leaseback mean?
Guaranteed annual return, irrespective of occupancy of the property, NET of all communal charges, maintenance
and running costsInvestors buy the freehold of a property outright but lease it back to a management company who specialise in the tourist management, maintenance and rental of these properties for a minimum 9-year period. In return owners receive a guaranteed annual return, irrespective of occupancy of the property, NET of all communal charges, maintenance and running costs.
Pierre & Vacances are uniquely and very importantly the developers and the managers of the properties they sell, with 6.9 million clients staying in their 250+ residences in 6 European countries each year so have a very clear vested interest in the quality construction, location and ongoing maintenance of the properties.
Potential Capital Appreciation
Property in France historically offers very good growth with a high demand from local and overseas investors. France has the fastest growing population in Europe and an increasing divorce rate which further increases the demand for more housing. Strict national and regional planning regulations prevent mass building so existing and new property stock is in demand.
Leaseback properties are built for tourists and as such are situated
in the best locationsLeaseback properties are built for tourists and as such are situated in the best locations with the facilities, amenities and accessibility that holiday-makers expect and as such benefit from features such as swimming pools, tennis courts, sports facilities, restaurants and entertainments that a normal property does not. These factors all contribute to the demand for Pierre & Vacances managed properties and the capital appreciation that results.