Leaseback is brought about by the same people that gave us the timeshare. Leaseback is destined to be the next big thing in overseas property.
Viewed as a low risk option for those looking for inexpensive property in popular tourist resorts, this new concept offers a broad mix of benefits for UK buyers.
Leaseback was first introduced in France in 1967 by the French government as an initiative to attempt to increase tourism.
The Leaseback concept recently emerged to assist first time investors in considering purchasing overseas real estate in the building of their investment portfolio. Recommended as one of the most secure long term investments available today - especially if holiday occupancy can be arranged, Leasback is gaining in popularity.
One of the benefits of Leaseback is zero Maintenance! A buyer needs to put down a large enough deposit for the rental income to pay the mortgage (30% generally is sufficient) which makes the entire investment self-financing after the initial investment. Quite the ideal solution for the cash-rich investors who would like a simple hands-off investment without ongoing servicing costs.
To learn more about Leaseback, contact Amelia Barreto.
