Guide to French Leaseback Properties

1. Introduction to French Leasebacks
2. The French Leaseback Market
3. How Leasebacks Work
4. Contractual Agreements for Leasebacks
5. Tax Advantages of Leasebacks
6. Selling your Leaseback Property

2. The French Leaseback Market

The résidences de tourisme have developed over the past 30 years in response to the high level of tourism in France, amounting to around 70 million visitors a year.

The developments are really a hybrid between a hotel and a furnished apartment - effectively serviced apartments for holiday use.

There are around 1500 such developments in France, containing 120,000 apartments, and 500,000 bed-spaces.

The majority are located in seaside locations, with a third of the developments in skiing resorts, 17% in cities, and 8% in the countryside.

Those developments located in the cities serve as much the needs of the business community as those of tourists, as they are often equipped with conference related facilities.

The market leader in all of these developments is Pierre et Vacances, with around one third of all bed-spaces.

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