Mas des Arenes Provence a leaseback opportunity on the French Mediterranean Coast
Still at the top of the overseas property stakes, buying a holiday home in France
continues to be the most popular choice for British buyers. According to recent figures in a report by Assetz Finance, in addition, the number of British individuals taking out French mortgages is on the up rising from approximately 33% in 2005 to 50% in 2006. As mortgage rates rise in the UK, people purchasing a second home in France are beginning to realise that financing within France is a much cheaper option than utilizing UK financing by almost 1-1.5%.
In the past, a large proportion of British purchasers of French holiday homes have elected to use cash to finance their French property purchase outright either through savings, inheritance or equity release on their UK property, in preference to having to take out a loan. Investors in buy to let apartments or French leaseback properties rarely consider financing with cash, instead choosing to maximise their returns through the use of bank gearing and a low initial deposit and this strategy is being adopted by private individuals also.
New on the market from Imoinvest is an opportunity to acquire a leaseback investment on 
the French Riviera offering an index linked guaranteed rental income of up to 4.7%.
This new build development combines modern living with a traditional construction style and enjoys an enviable location in an area of outstanding beauty. For second home buyers searching for a typically French property, Mas Des Arenes is the ideal fit in terms of both location and design. Provence bordering the Mediterranean is scenic perfection with the lush greens of the fields a stark contrast against the blues of the Gulf of Lion. Mas Des Arenes is located in the picturesque town of Mouries, renowned as being the largest olive-growing community in France, Mouries lies between Avignon and some 22km East of Arles on France’s southwest coast. The French island of Corsica lies to the Southeast and the buzzing city of Marseilles is a short ride away.
The French countryside offers a wealth of leisure options for visitors from rock climbing cliffs, golfing, exploring ancient villages to a mingle through the local marché enjoying a spot of the village lifestyle and part of the reason why this part of the French Mediterranean Coast remains highly sought after.
Set in the heart of the Valley des Baux, Mouries can be found at the foot of the Alpilles, 
the blend of Mediterranean culture can be seen in the town bull ring which seats up to 3000 spectators.
Mas des Arenes is a four star gated residential project comprising 70 new build villas and 16 off plan apartments in one, two and three bedroom properties, traditionally designed and built to blend beautifully with the surrounding architecture and countryside. Large landscaped gardens are the back drop to the residence’s outdoor swimming pool area. The resort reception includes a lounge and baggage check area. The residence will be completely serviced by one of France’s top management companies ensuring peace of mind for investors.
As part of the french leaseback scheme aimed at boosting the amount of short term vacation property available on offer in France, Mar des Arenes purchasers will be eligible to receive a 19.6% VAT refund after purchase. This incentive is part of France’s vision which encourages investment in France and works to build long term tourism in France.
Property prices at Mar des Arenes start from just £75,798 and completion is scheduled for the fourth quarter of 2008. Click for further details on investing in Mar des Arenes or please call 0044 207 845 0700 to speak to an advisor.
