Short-Term Rental Investors in the UK Are Seeking More Investor-Friendly Locations Abroad
The recent announcement by the UK government, stating its intention to implement controls on short-term rental properties and Airbnb rentals in England in the summer of 2024, following similar restrictions in Scotland and Wales, has posed yet another challenge for UK property investors. Proposed changes include the introduction of a registration scheme and the requirement for planning permission for future short-term rentals.
At Worldwide Property Company, we specialise in sourcing holiday homes and investment properties for international buyers. We’ve noticed a growing trend among British property investors who are exploring overseas property investment opportunities.
Benefits of Investing in France and Tax Benefits
France offers one of the most attractive tax incentives in Europe for property investors and individuals seeking holiday homes that can be rented out when not in use.
This advantageous scheme, known as “Para-Hotelier,” allows property owners to reclaim a 20% VAT rebate from the French government. Moreover, there is no French income tax on rental income for up to 30 years.
When you combine these benefits with mortgage rates that can be fixed for up to 25 years and a capital gains tax rate that decreases to 0% after 22 years, properties such as chalets in the French Alps or apartments in Cannes become increasingly appealing as investments.
For more details on Para-Hotelier, click here.
Our Services at Worldwide Property Company
We collaborate with local estate agents throughout the French Alps and the Cote d’Azur, the international agents, and established property developers, providing you access to all available properties through a single point of contact. This service is provided to you free of charge.
Additionally, we serve as an international mortgage brokerage, with experience in arranging mortgages in 35 countries, and having arranged French mortgages since 2001.
Over the past 20+ years, we have cultivated a robust network of reliable property management and letting agents, notaries, accountants, insurance brokers, furniture procurement specialists, interior designers, and more, ensuring that we can offer all the services you might require.
Maximise Your Investment: Take Action Today!
Contact us today to book your FREE consultation and receive a personalised quote from one of our experienced buyer’s agents and mortgage advisors.
