France has remained a stable property market despite the recession continuing to attract investors and second home buyers alike. Its real estate law, mortgage qualification procedures and bureaucracy with purchasing through a notaire (notary) under very strict property laws combined with the 2009’s tax incentives for French tax payers has certainly created an attractive purchasing environment making france properties very attractive with investors.
Les Mazets du Ventoux
Les Mazets du Ventoux is a development that is taking advantage of this investment environment. Les Mazets is an excellent boutique development in Provence which is so strong that one of the most diligent banks in France is providing mortgages on 80% of the VAT inclusive price.
This along side the developer’s incentive of covering closing costs allows investors with good income profiles to buy with only a very small administration fee of €2000. A guaranteed of income 4.1% generated for 18 years will also provides a monthly surplus if an interest only mortgage is taken out.
The development will feature of 18 top quality 1 and 2 bedroom apartments ranging in size from 31 m2 to 69 m2, and will be completed to a very high standard including tiling or wooden parquet floors, fully equipped kitchens, upper class bathrooms, flat screen TV and of course all fully furnished.
In addition on-site facilities will include:
Outdoor heated swimming pool
Outdoor Jacuzzi
Sauna – Turkish bath
Massage parlour
Park
A service will also provide a personalised reception for the owners, beds and cleaning on arrival and a dedicated ownership service.
Steven Worboys, MD of international property specialist Experience International, comments:
“Increasingly Britons are looking towards the kind of bright and beautifully relaxing parts of France that Peter Mayle wrote so famously about twenty years ago and particularly so now that only €2000 is needed to invest in new property in the area. Our charming development which allows one to take all the pleasures of Provence benefits from an exceptional situation in the heart of the magnificent French countryside, just a few steps away from the historic centre of Malaucène.”
This charming Provence property allows property owners to take the pleasures of the Provence benefiting from an excellent locations in the heart of the magnificent French countryside, just a short distance from the historic centre of Malaucene.
