Mountain property: An enjoyable investment
Nowadays many investors do not just want returns on investment; they want to enjoy their purchase too. In this regard, investment in mountain property is a sure bet.
Reliable seasonal rents and family holidays on the slopes – investment in tourism residences in the mountains brings the best of both worlds. These properties are fully furnished, serviced (reception, housekeeping… ) and provide facilities including pools and fitness rooms. The apartments are managed by the operator and can be rented by day, week or month.
How does it work?
Apartments are sold with a commercial lease, signed by the managing company that operates the residence. The company takes care of finding tenants, collecting rent and maintaining the residence. The company also pays the owner an amount defined in the contract signed upon purchase. Owners can also choose to stay at their property for one, two or three weeks each year, but rental income is lower with these options.
How to choose your mountain property
To make the most of your investment in the mountains, you need to find a resort with access to a highly regarded skiing domain. Altitude also needs to be considered, as higher up properties give a better guarantee of snow cover throughout the season. Finally, a diverse range of available activities is essential, as this ensures tenants outside of the ski season. Pierre & Vacances-Center Parcs has a wealth of residences to offer, all of which are quality investments across the Alps and Pyrenees. The most attractive stations have been chosen to guarantee the profitability of investments.
What is the taxation for foreign holiday rentals?
When buying French classified tourism residences, you benefit from the French Furnished Buy-to-Let scheme (LMNP). This is a fiscal incentive that offers a refund on VAT and permits depreciation (reducing tax by reclaiming some of the value on your assets).
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