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Ski LeasebackWhy not combine your hobby/pastime with an investment opportunity! Skiing is in demand and, of course, skiing chalets, lodges, apartments and villas are in demand driving up prices. Worried about the maintenance, finding rentals, and servicing the property during the rental season. Then a Ski leaseback scheme investment in the Alps without the hassle may suit you, sir! In many cases this investment will be offering some personal occupancy of the property too so you can enjoy your skiing courtesy of your investment. The French Alps in the Eastern provinces of Savoie and Haute Savoie are among
the most popular ski destinations in Europe. Every year hundreds of thousands of
ski tourists descend on the French alpen ski resorts that border Switzerland and
Italy to enjoy the snow, sun and to marvel at the fabulous scenery of France. Property investing in the French ski resortsSki resorts in France, by their very nature, are big tourist draws. Many ski resorts - like Meribel, Courchevel and Val d Isere - offer summer alpine activities as well as winter sports, making them all-year-round holiday destinations. It is here where the vast potential for investment in French apartments and chalets in the Alps starts to become apparent, as it is possible (with the right type of marketing behind you) to rent out French property under your ownership to tourists for the entire year.Imagine the amount of rental income you could receive from such a property investment! Sceptics of course will point out that achieving a high level of tenant occupation is rather difficult. The majority of French property owners simply do not have the resources to market their property efficiently, obtain the necessary bookings and service the rental property. In answer, there is another way! Buy a French leaseback property: In the 1970s the French government introduced an investment concept in France. Called the French leaseback scheme it encouraged overseas property investors to buy French property in France's popular tourist areas and then lease the property back to a tourist management company for a period of several years. The tourist management company would take on the responsibility of renting the property out and obtaining rental bookings for the property. As part of the lease agreement the management company would pay the French property owner a guaranteed percentage of the rental income received. Today, French property lease backs continue to grow in popularity. They offer real estate investors the opportunity to buy freehold property in French ski resorts, and receive a guaranteed income from the property for the life of the lease, which is normally between 8 - 11 years. Property owners can also elect to have built into the lease plan a clause that allows them to use the ski property themselves for anywhere between 2 and 6 weeks of the year. It is basically like having a holiday home in France that you can use, but having the security of a world class tourist management company that pays you for the use of the property for the rest of the year. It's a perfect property investment! French leaseback rental yieldsThe rental income from French property leaseback acquisitions are guaranteed by the management company, courtesy of the French government's involvement. Rental yields are generally between 2% and 5% depending on the type of rental lease program chosen, and subject to how many weeks of personal use are required from the ski property.Some of the best leaseback property purchase opportunities in the French Alps at the moment are in the Three Valleys area (Trois Vallees). The Trois Vallees is a massive ski domain that offers hundreds of kilometres of ski runs and cross country skiing tracks. It is possible to ski between the different winter resorts in the Three Valleys - something that makes the area very popular with tourists who want to try out the different ski runs in other alpine villages. If you are keen on the idea of trekking through the snow to other alpine resorts it is always best to take a map of the French alps and a compass with you. Getting lost in the snow if a blizzard sweeps in across the French alps is not a pleasant experience! Buying ski property in the French Alps is a good investment decision. If you play your cards right with your property loan or mortgage you could be enjoying positive cash flow from your French property leaseback investments for many years to come. |
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