Global Property Investment Agency has been set up to cater for the both the investment and lifestyle markets.
Focussing mainly on the French Riviera, from Menton to St Tropez, we provide a first class service and have experts at hand to guide you through the buying process.
Our investment arm sources the most competitive and high quality properties many with guaranteed rental periods (leaseback) as well as traditional buy-to-let apartments for both the holiday and business sector as well as long term rental tenants.
Our lifestyle division incorporates both off plan and re-sale properties, from studio apartments to villas and country houses throughout the Alpes Maritimes and Var regions of Provence.
SERVICES
Through our network of partners GPIA can assist with:
The Buying Process (quirks and procedures ) - Mortgage and financial Advice – Legal Advice– Currency Exchange – Architects and design.
At GPIA we understand that some terminology can be a bit confusing such as the definition of leaseback property and capital gains tax. Each country has its own rules and regulations so we have compiled a short guide to assist you:
Terminology
Caribbean –
Capital gains tax
A capital gain is the difference between what you paid for an investment and what received when you sold that investment.
Inheritance tax
A tax imposed on the privilege of receiving property by inheritance or legal succession and assessed on the value of the property received. Also called death tax.
France –
Leaseback
It is a unique French scheme under which the purchaser buys a house or flat and then leases it back to a rental company to let it out. The company offers the owner a guaranteed rental income for the term of the lease, which is typically nine years to eleven years. The return can be anything between 3 and 6 per cent net of the initial asking price. The French government refunds to the purchaser the VAT at 19.6% included in the asking price.
Notaire
The notaire is an important figure in French society, they see 15 million people every year and draft more than 4 million legal documents.
Their involvement in the processing of the paperwork involved in purchasing a property is authorized by the Ministry of Justice and strictly regulated.
They represent neither the buyer nor the seller of a property, their job is to ensure all the papers are handled correctly and that all state taxes are paid upon completion.
Notaires are there to clarify issues and advise clients on the most appropriate legal process for their circumstances.
South Africa –
Fractional title deeds
Unlike the majority of fractional ownership schemes currently being offered in the marketplace, this unique concept offers investors a Freehold Title Deed in their own name rather than shares in a property holding company.
