Alps accommodation rental assurance for Brits
French property developer MGM is offering a guaranteed rental return of three per cent for the first ten leaseback ski homes sold to UK buyers during the month of November.
First introduced by the French government nearly thirty years ago sale and leaseback property schemes were developed to help the ailing construction industry at a time of economic strife. As well as providing much needed employment the aim of the system was designed to improve tourism through the increased supply of holiday homes.
Property for sale in France has always attracted a high percentage of UK property owners hoping to invest abroad and the new ski development, Le Centaure at Flaine provides an ideal low risk long term investment.
The MGM development offers a selection of property types and prices start at £125,000 for a studio. As well as a guaranteed income the first ten British buyers opting into the scheme during November will be entitled to two months free use of the property each year.