Top destinations to go on holiday are also the best places to buy properties right now

Results from the UNWTO (World Tourism Organisation) showed that France continues to maintain its postion as the top holiday destination in the World.

World tourism Barometer, a regular publication of the Market Intelligence and Promotion Department of UNWTO, released data last month about the top holiday destinations globally – “France continues to lead the ranking for tourist arrivals ahead of the US and Spain”. In 2008 there were only slight changes in the ranking of top tourism destinations by both international tourist arrivals and receipts. France continues to lead the ranking of arrivals but ranks third in tourism receipts followed by the US and Spain.

Pierre & Vacances, pioneers in French leaseback for over 40 years, are launching 115 new properties at the existing development of ‘Pont Royal’ in the heart of Provence in France, located 73km from the beach and from Marseille. The new resort extension will be called Le Hameau de Pont Royal and will offer one, two and three bedroom apartments from €172,000. The first phase of the development will be delivered by the end of 2010 and the second by mid 2011.

This beautiful estate set in the Luberon hills, is part of the gateway to the Cote d’Azur. All houses are freehold, available on a leaseback basis and guarantee a yearly rental income of up to 3.75%. As well as offering a guaranteed rental income for 9 years Pierre & Vacances waive all maintenance fees and service charges and buyers don’t need to pay the 19.6% VAT.

The new apartments and houses will be added to the village and will include 63 two and three bedroom houses from €220,000 and 52 one and two bedroom apartments from €172,000. The extension will also include a small pool and water-play area for children. This development provides an excellent base from which to explore the wonderful landscape and historical treasures of the area from the Cathedral and bridge at Avignon to the Camargue national park, conveniently located from the summer festivals of Avignon (45km) and Aix-en-Provence (30km).

The Provencal style village is ideal for those seeking relaxation. There is also plenty on offer for all the family: the 18-hole golf course, outside swimming pools and tennis courts, a sports activity area with tournaments, horse riding centre, children’s farm, teenybopper disco, bicycles, and daily fitness classes. There is also a restaurant, an onsite bar with local shops only a short distance away.

Advantages for foreign investors buying French leaseback properties through Pierre & Vacances:
– an immediate, pre-financed VAT rebate of up to 19.6%
– guaranteed, inflation-protected rental income up to 4.5% net of all charges and running costs
– free of French income tax
– free of French CGT after 15 years
– returns guaranteed by Pierre & Vacances, a French development and tourism company listed on the SBF 120 (French equivalent of the FTSE 100); P&V has annual turnover of €1.5 billion and accommodates 7 million customers per year through its network of 50,000 apartments and houses
– Option for discounted holiday stays in approximately 250 resorts
– Investment in tourism in the world’s most visited country

About Pierre & Vacances
The Pierre & Vacances Group has been designing, developing and managing holiday homes and apartments for 42 years, anticipating European property and tourism trends. The Group’s development strategy has led to the acquisition of Center Parcs Continental Europe, Europe’s number one provider of short breaks. Pierre & Vacances takes a visionary approach to the world of holiday accommodation, and, since the birth of the Avoriaz development in 1967, has continued to grow in France and throughout Western Europe.

The undeniable market leader in residential tourism, the Pierre & Vacances Group has developed a complete range of short and long stay holidays, with a choice of hotel and leisure services designed to meet every requirement of today’s European consumers. With a presence in France, Northern Europe, Italy and Spain through its three main brands – Pierre & Vacances, Center Parcs Europe and Maeva – the Pierre & Vacances Group occupies, with a turnover of €1.5 billion, an unparalleled position in the European tourism industry.

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