What is leaseback?
A. This is an excellent way to invest in European property. The leaseback scheme, or Residence de Tourisme is Government-backed and was established in 1976 as a way to improve Frances tourism industry. The French Government recognised the need to encourage investment in tourist residences following the increasingly large number of tourists visiting France. As an incentive, the Government offers investors a refund on the VAT on the purchase price of properties built for leaseback purposes.
