Real Estate Marketing & Beyond
It is still very much the case that there are a potentially rewarding property investment opportunities in France, as long as you understand and are prepared for all of the fiscal and official compliance requirements that you will have to negotiate along the way.
When you look at the range of luxury houses for sale in France, you will likely be motivated to learn how the property buying system works in the country and may well be rewarded with a great way of generating an income, with buy-to-let considered to be one of your best options.
The case for investing in France
There are many positive aspects that many people attribute to the country, their culture, love of good food and wine, diversity of attractive locations and even a famously romantic city as its capital, are just some of the obvious reasons for wanting to buy a property in France.
Buying a second home or making a new life in a different country that has so much to offer, has been the ambition for plenty of UK residents and beyond, who are understandably attracted to France, not just because of its location but also down to the fact that there are some ways to buy your property, which could have more benefits than acquiring a great property in an attractive location.
Generating an income
There is no doubting the popularity of buy-to-let as an investment strategy, and there are reasons for optimism that your plans to generate an income from a property in France, could turn out positively.
You always have to be prepared to jump through a few hoops in terms of fiscal and administrative duties and you are certainly advised to get a good lawyer who is competent and capable of guiding you through your legal requirements, but the reward is a property that could generate an income for you.
Buy-to-let basically involves buying a property that you then intend to let out on a long-term or short-term basis, maybe as a holiday rental.
Understanding the difference and deciding what you intend to do with the property, is an important part of your decision-making process and can heavily influence what type of property you buy and where you choose to purchase that property.
A good number of property investors in France tend to buy property with a view to tapping into the popular and potentially lucrative holiday lets market. However, there is undoubtedly stiff competition in some areas where you might find periods of rental voids, unless you have a good booking agent and a property that proves to be popular with holidaymakers.
There has been an interesting growth in high-end luxury properties, with investors looking to develop a niche in the luxury end of the market, where customers are prepared to pay a premium for a top rental property in a sought-after location.
Understanding the market
If you are looking to invest in property that you will rent out to tenants on a longer-term basis rather than focusing on the holiday lets option, it should be remembered that tenants often have more rights than they might in some other countries.
This should be remembered when working out your investment strategy, as a long-term tenancy is a great way of generating a regular income and offers more regularity than a holiday rental option, but you could find that you might not be able to sell the property when you want, if the tenant doesn’t want to go.
Eleanor Brady works in investment banking. She has a holiday home in the South of France which she escapes to as often as possible. Her articles focus on property investing and wealth management.
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