French leaseback opportunities touted for secure long-term investments
France remains a "blue-chip" property investment destination, aided by its attractive leaseback scheme for investors looking for a long-term opportunity for steady returns, according to one expert.
Describing France as "one of the best investment countries in Europe", Andrew Howell from Ready2Invest noted that the French leaseback scheme should attract buyers looking for long-term, stable returns.
While the leaseback - which offers investors a VAT rebate and guaranteed rental income backed by the French government - might not be the best choice for investors seeking fast returns, it could prove to be the right choice for investors with a long-term outlook, he told the Daily Mail newspaper.
"It's not a fast-moving stock and no one can go crazy about 4% returns, but it's a good, secure, long-term investment," he explained.
Mr Howell concluded: "If you gear it right so that your rental income is paying off your mortgage, you are left at the end with a great piece of real estate in a fantastic location that you can sell or move into."
Recently, Simon Lambert, mortgages and homes expert for This Is Money, revealed that it is too soon to ascertain the effect of Nicolas Sarkozy's election to the French presidency.
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