French leaseback likely to tempt investors

The number of investors looking to purchase French leaseback properties is expected to rise steeply in the coming months, it has been claimed.

Speaking to Overseas Property Professional, Athena Mortgages has predicted that the product is likely to benefit from the introduction of a number of 100 per cent mortgages.

Previously, the news provider claims that UK-based investors have found it difficult to secure leaseback properties in the country because of strong competition from native buyers.

However, the new products are expected to raise interest levels in the market from overseas property buyers.

Athena Mortgages director John Busby claimed that the "higher level of loan-to-value means there is very little money to transfer to France to complete the purchase".

"The developers I have spoken to expect demand for their leaseback properties to increase dramatically over the next few weeks as news of these finance products filters out," he added.

Individuals may want to look at Aquitaine real estate listings for their ideal leaseback property, with the region home to the popular tourist and wine-making destination of Bordeaux.

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