Daily reports in UK websites are depriving us of falling land sales and falling land prices because of credit limits from the lending banks.
In sharp contrast, the problem for buyers in France seems to be somewhat different for buyers of leaseback properties.
The 80 percent is based upon the whole cost including the home, furniture and 19.6% buy tax. Since the properties are available in the French leaseback system, buyers are permitted to subtract the cost tax, that will be covered by the programmer and recovered in the French authorities, therefore in effect that the loan is for 100 percent of the house value together with the further advantages the properties are fully furnished!
Purchasers of Chateau de Camiole land are requested to cover the first 5 percent deposit deposit from their own capital, but this may be retrieved after once the mortgage is accepted along with the bank funds are received.
Chateau de Camiole Apartment buyers also get a guaranteed income around 4.10percent without private use and decreased income should they desire to utilize the possessions around 12 weeks annually with minimal running costs of EUR5 per m2 along with the yearly Tax Fonciere (EUR300 – EUR500). Villa buyers, aside from the guaranteed income choices, can select a residential alternative together with the facility to utilize up the property to 150 times per annum and sharing the leasing income 50/50 with the programmer.
The first leaseback duration is for 11.1/two decades and the programmer is insured so that the guaranteed income is guarded personal loans in France.
Property costs are expected to rise on average 5 percent in France in 2008 that produces a buy at Chateau de Camiole a much more attractive proposition!