According to recent figures released by the Office for National Statistics, the number of Brits travelling abroad during the first three months of the year has
risen by 4% in 2011. Its been predicted that this summer will see a decline in Brits staying at home, with holidaymakers making the most of budget airlines and opting to travel to hotter destinations.
Easily accessible via plane, train and ferry, Frances popularity is set to increase this year with package travel provider the Co-operative Travel reporting a
31% rise in Brits travelling to the country.
Due to its close proximity to the UK, climate, rich culture offerings, varied landscapes and world renowned gastronomy, France caters for everyone with a variety of holidays including city breaks, beach holidays and even trips to the Alps.
Whats more, the ever-popular and glamorous French Riviera has seen an increase in flights in and out of the area, reporting a 9.1 per cent increase in commercial air travel and 4.1 per cent in helicopter traffic during April 2011. For property investors looking for key fundamentals that will sustain a market beyond the long peak summer season, this is welcomed news.
With luxurious new-builds,
French leaseback opportunities and a range of holiday homes available, we can provide you with information on a range of investment opportunities in locations such as the Alps, Paris, Cote d'Azur and the South of France.
Had the French Government approved the property tax, it would have been introduced in 2012 and would have been charged to those overseas owners of French holiday homes but opt not to rent it out on a long-term basis.
It was predicted that the property tax would have discouraged some overseas nationals from buying French properties, which may have had a damaging effect on overall demand for
properties in France and possibly even home prices.
Initially the proposed tax was set up to encourage holiday home owners who rent out their French properties and do not state their income or pay tax, to register their property and avoid paying a fresh levy.
