English
FrançaisI am interested in buying through the leaseback scheme with a view to getting on to the French property ladder then selling up when the lease finishes to buy something where we can spend more time. Is it easy to seell when the lease finishes? Is it better to renew the lease then sell? Also, I can only find new leaseback developments - is there a site where individuals can sell their leasebacks for whatever reason? Thanks
As somebody new to leaseback (just completing 1st purchase) I can share what I know at this stage. I believe that it is quite common for resale price to drop @ end of lease as others will have same idea as you! It is up to you regarding renewing the lease but remember you will have to pay VAT back pro rata if you sell within 20 years. I don't know about 2nd hand properties with leases, but I would imagine they are an attractive buy as there is guaranteed rental income for a time.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Why not look at leaseback in an area you would finally like to live? That is what I have done -I hope to live there myself once lease is up. I know developer can renew legally, but mine has confirmed to me in front of notaire that he will not do this.