What are the different types of property in France?
There are three main property types in France:
Some larger developments require you to lease back the property through a professional management company when you are not using it. This will last for a minimum of 9 years, although you can stay there when you need for up to 90 days a year. The leaseback method gives you exemption from VAT, which is big incentive.
You will find that most properties are freehold, which means are under no obligation to rent it out when not in use.
- DIY leaseback
If you buy a freehold property and decide to rent it out commercially, you will be able to reclaim VAT and enjoy a 20% discount off the gross purchase price.