I have always thought about investing in property overseas, but have had some lingering doubts about it. Perhaps it was seeing what happened to some people on the Costa's in Spain which put me off. Ideally, I was looking to buy a property in a country which was stable, and where the property laws were not liable to change!
As time has gone on, I have become more and more attracted to buying a property in France. There are a few reasons for this, such as it's just next door, so to speak, but mainly, the laws and regulations there seem less liable to change like they did in Spain!
Looking into it more, I have discovered this great way of investing in a property which seems to answer some of my other needs. Basically, it is possible to leaseback properties in France.
What this means, is that I buy a property in France and then lease it to a management company for ten years, who then offer me a fixed income from it. They deal with repairs, maintenance, council taxes etc during this time, so there is no problems for me. There is even some sort of VAT loophole on buying the property, which I have to admit to not looking into fully yet!
As I would be looking at a 30% mortgage or so, this seems ideal, as the fixed income will pay for the mortgage and in ten years' time, I can either move into it or sell it. I haven't decided yet whether to go ahead, but when I do, you will be the first to know!
