STUDIO APARTMENTS in a new French sale-and-leaseback development being offered to Irish investors are across the street from Monaco – literally. There are 76 units in Les Hauts de Principauté, which is in Beausoleil, a French town on the border with the principality. Studio apartments from 21-33sq m (226-355sq ft) are for sale there from €186,000 to €311,000. Think 20-year leases to maximise your investment if you’re considering buying a sale-and-leaseback, says Ciaran Mannion of rtfrance.com, the agency selling the scheme here. French holiday company Odalys is handling rentals at Les Hauts.
If you are wealthy, or very well-informed, a new French law passed just over a month ago might be of interest: it allows foreign pension trustees to buy French property, as long as it’s not for personal use – there can be tax advantages.
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