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Rental property in south of France 'offers great rental returns'

30th June 2010 | back to article listings BACK    print this article PRINT

Fly-to-let investors can enjoy guaranteed rental returns of up to 3.6 per cent, according to the company marketing a lot of 25 apartments in the south of France.

Erna Low Property said the units at the de St Endreol Golf and Spa Resort are available on the leaseback scheme introduced by the French government, which means they are eligible for VAT relief worth 19.6 per cent of the price, Fly-to-let.co.uk reports.

Chief executive of Erna Low Joanna Yellowlees-Bound said that five of the properties - which are located 45 minutes away from Nice Airport - have been reserved already.

She added: "With such an attractive ownership package attached, St Endreol presents a rare opportunity of great hassle-free investment for the international market as well as the French."

Those looking for a euro loan to buy a property in France can currently enjoy one of the lowest rates ever offered by overseas mortgage specialist Conti.

It has revealed it is now supplying a 1.95 per cent rate for French properties, stating that the country has always had one of the most stable markets, making it a comparatively safe place to invest in bricks and mortar.

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