Purchasing a rental property in the Alps is all the rage in 2021
The new build rental market in the Alps did not suffer from the pandemic and new properties prices are up (+ 5.15% on average).
These are 10 reasons why you may want to consider purchasing a new build rental property :
- Real estate is a safe haven in times of crisis
- It will diversify your current investment portfolio with an option for personal use
- You don’t have to visit France to purchase a new build. You can select your property off plans with virtual viewing and 3D modeling
- Mortgage rates are remaining very attractive currently
- High loan-to-value financing is still available
- The French government is encouraging homeowners to rent their properties and benefit from an advantageous tax system
- You can claim the VAT back at purchase for furnished rental properties under management
- You can take advantage with the shift in demand from hotels to private rental accommodation for longer periods
- You can generate rental income all year as bookings are no longer in winter only to ski but in all seasons for various activities (hiking, biking, wind sports, etc.)
- Lastly, we are searching for the “great outdoors” as a post-lockdown effect. The French Alps will provide the ideal place to meet our expectations
Our dedicated team of brokers can determine your mortgage capacity and review the efficiency of your financing to ensure you are receiving the right mortgage solution for your purchase in France.
Current mortgage rates for June 2021
| Fixed rate(1) | Term | Monthly repayment
for 10 000€ borrowed |
|---|---|---|
| 1.10% | 10 years / 120 months | 88.04€ |
| 1.20% | 15 years / 180 months | 60.73€ |
| 1.40% | 20 years / 240 months | 47.80€ |
| 2.15% | 25 years / 300 months | 43.12€ |
(1) The indicated rates are given for information purposes and are based on the latest bank rates of one or more of our partners. The rates in the table above do not include the ancillary cost as notary fees, guarantees, insurance and intermediation.
Submit your request for information
With no commitment on your part, submit your detailed request in order to obtain the best financial solution for your project. Our French mortgage specialists will contact you within 24 hours.