French developer launches leaseback investor scheme as ski resorts surge

A French developer has launched a project allowing buyers in leaseback holiday home properties to achieve extra lettings income by renting it out to skiers in season.

Richard Deans, sales consultant in Annecy-based MGM French Property’s London office, said: “Increasingly investors are realising that properties in good locations, like some of Europe’s top ski resorts, can offer better returns than the uncertainties of the stock market.”

“That’s why we have introduced a new scheme enabling investors in leaseback properties in résidences de tourisme to receive, in addition to a guaranteed annual rental income, extra income from lettings achieved in place of the four weeks of personal use which skiers generally prefer.”

The scheme is being rolled out in Flaine in the Haute-Savoie region where the developer is building 66 new apartments, set to be open in time for next year’s ski season.

Source: OPP.org.uk