woolybanana Posted December 6, 2011 Share Posted December 6, 2011 Not true. Many French buy second properties to rent out, older properties to renovate and sell or land to sell on later. It is the main way that they increase their wealth. But they do not expect to make a fortune out of the rural money drains that the Brits love, investing rather in new bungalows or flats in areas where there is a demand for rented accommodation, for example. Which is why there have been tax breaks to encourage this, now being diminished by the Dancing Playmobile Man. Link to comment Share on other sites More sharing options...
NickP Posted December 6, 2011 Share Posted December 6, 2011 [quote user="woolybanana"]Not true. Many French buy second properties to rent out, older properties to renovate and sell or land to sell on later. It is the main way that they increase their wealth. But they do not expect to make a fortune out of the rural money drains that the Brits love, investing rather in new bungalows or flats in areas where there is a demand for rented accommodation, for example. Which is why there have been tax breaks to encourage this, now being diminished by the Dancing Playmobile Man.[/quote]Well if you say so it must be true. Link to comment Share on other sites More sharing options...
Sprogster Posted December 6, 2011 Share Posted December 6, 2011 Most Brit expats in France do seem to end up leaving France, with some estimates that about two thirds leave within seven to ten years. Not necessarily to return to the UK, but some move to another country. For younger expats, making a living appears to be the main challenge and for older couples, missing family and the death or serious illness of their partner seems to be the main drivers. Other reasons given are divorce, which the stress of the move and money problems can often bring to a head and the French weather not living up to expectations.Recent Foreign Office statistics show that France and Spain seem to be falling out of favour as retirement destinations for Brit expats, with countries like Australia gaining in popularity. Comparative weakness of the £ against the Euro maybe putting Brit retirees of the Eurozone, as France is not a cheaper desination as it maybe once was. Link to comment Share on other sites More sharing options...
Jo Posted December 11, 2011 Share Posted December 11, 2011 [quote user="LEO"][quote user="NormanH"]You could always sell it and give it to the children now.An inheritance is nicer when the hand giving it is still warm...[/quote]The most eloquent and accurate quote I have read, on this forum, for some time![/quote]I agree! We sold up in UK bought here without a mortgage, gave ourselves a bit of a safety net and split the rest between the kids. It gives them a bit of a start and means they aren't hanging around like a pair of vultures[:D] Link to comment Share on other sites More sharing options...
Alex H Posted December 11, 2011 Share Posted December 11, 2011 [quote user="Sprogster"]with countries like Australia gaining in popularity. [/quote]Someone may disagree with you on thathttp://www.bbc.co.uk/news/magazine-15799571 Link to comment Share on other sites More sharing options...
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