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Everything you always wanted to know about France - from France |
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More information about Shared Ownership - 1 (This Page) More information about Shared Ownership - 2 More information about Shared Ownership - 3 Home page Share a House in France By Rob Thorne of Southern France Ltd the Southern France rentals experts. French Properties Sold on Fractional Ownership Basis Over the last five years we have seen property prices rising fast in the Languedoc. French Property Price Inceases during 2003 Languedoc Roussillon 28.4% Bourgogne 16.7% Bordeaux 15.4% Paris 14.5% Toulouse 13.0% Cote d'Azur 11.4% Limousin 9.3% Auvergne 7.5% Haute Normandie 7.1% Nord Pas de Calais 2.1% France is now leading the west of Europe in property price increases, Languedoc is the fastest growing area of all of France. Some buyers have seen leaseback apartments and villas as a way to acquire property in Frqnce, the guaranteed returns paying the mortgage, but others would prefer something old in the heart of one of our historic villages, or a new build but on a small estate. This is why we are now looking at French property on a "shared ownership" basis. A unique limited company is created which ownes each house, and the owners owning all shares in that company. No more than 12 owners for each property, so that all can have 4-5 weeks usage/year. A management company looking after the property. Annual rotating choice of weeks in the high, mid and low season, with an owner's swap shop so that they can exchange chosen weeks. The advantages No DIY using up holiday time. Arrive to a well equipped and furnished property with, courtesy of the management firm, clean linen, towels and a welcome each time you come out to stay. Costs such as rates and maintenance are shared. Your shares will reflect market prices, they can be given or left to your children or sold. You can let your weeks or use them for house exchanges if you wish. The management firm will let them for you if you wish The limited company can make decisions with a 50%+ vote. You don't like our management company? Sack them!! Each owner will be limited to a maximum of 4 shares, so that no one owner has a voting majority. In short all the advantages of timeshare, and none of the disadvantages. Each property will be sold with membership of a home swap program. We will soon be able to offer a new gated garden estate in the heart of a Herault wine producing village,40 minutes from the Mediterranean, Development is limited to 4 three bedroom luxury villas with private gardens and pools. Finish will feature traditional Languedoc building materials, exposed stone and wood details. Prices for this development are still to be fixed. More information about Shared Ownership - 1 (this page) More information about Shared Ownership - 2 More information about Shared Ownership - 3 Home page There are over 2,000 features and articles on this site about French life and living in France. You can search from the search box above. Do browse through our website and please use the advertising links, they help pay for the site. I do try to reply to all mail - Contact Me - most is about property or living in France. I publish comments in this newsletter which I believe are of interest and may help find answers for people wanting to come to France. I hope readers will go to the adverts which help support our overheads. |
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