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Buy a new ski property in France vs Austria

Posted by FindHomeAbroad on October 20, 2016
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Buying a new-build ski property in France

  1. PERSONAL USE
    You use your ski property as you wish with no obligation of rental.
  2. COMMERCIAL LET (FRENCH LEASEBACK)
    If you enter a commercial let to avoid paying 20% VAT you can still use your property up to 8 weeks a year or more
  3. VAT REBATE
    You get the full 20% VAT rebate on commercial lets (French leaseback) without the need to advance the funds.
  4. REDUCED LEGAL FEES
    You pay less in legal/exchange fees in France at around 2.5-3%
  5. BANK FINANCE
    The maximum loan to value is 85-90% at rates around 1.70% fixed for 15-20 years
  6. ACCESS
    With Geneva and tens of flights every day from the UK it is the main European hub for ski destinations.

Buying a new-build ski property in Austria

  1.  PERSONAL USE
    You cannot use your ski property as you wish as you are obliged to to rent your ski property when you are not using it.
  2. COMMERCIAL LET
    If you enter a commercial let to avoid paying 20% VAT you cannot use your property. If you decide to use your property the amount of VAT rebate is reduced
  3. VAT REBATE
    You have to advance the 20% VAT amount and then claim it back (around 3 months)
  4. REDUCED LEGAL FEES
    You pay more in legal/exchange fees in Austria at around 6.50%
  5. BANK FINANCE
    The maximum loan to value is usually less at 60% at rates just around  3.00% fixed for 15-20 years. Also bank fees are higher than in France.
  6. ACCESS
    Many of the flights from the UK to Austria are less frequent and more seasonal.

 

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