EC Commissioner for Justice, Didier Reynders, responded to a parliamentary question posed by Irish MEP Clare Daly on the action to be taken to provide justice for those abused in the purchase of French leaseback properties. Commissioner Reyners’ reply suggests that the European Commission have forgotten just who they represent! The unwillingness for the EC […]
Purchasers of French leaseback properties who submitted consumer complaints to the CCPC alleging mis-selling have received confirmation from the CCPC that the DGCCRF (French consumer national authority) criminal investigation is now complete. This process started in 2017 and is welcome news. Their report will be handed over to the French public prosecutor who will decide […]
Did you purchase a leaseback at Lac d’Ailette? If so, please get in touch via the contact form. Some purchasers at another P&V Center Parc would like some detail on the purchase. Thanks!
Guillaume Errard has a piece in Le Figaro on the possible reform of ‘risky’ nature of French leaseback property purchases: https://immobilier.lefigaro.fr/article/investir-dans-les-residences-de-tourisme-est-risque-selon-bruno-le-maire_f9aab426-b709-11eb-b0a2-0b258f5e1220/ The article features a letter written by Bruno Le Maire, French Minister of Economy & Finance dated April 7 and addressed to Brigitte Kuster, which appears to discuss reform of the leaseback system: ” A […]
Clare Daly MEP has put a question to the European Parliament in relation to the scandal of French leaseback properties. She specifically focuses on the enduring nature of the lease contract or ‘eviction compensation’ to exit and asks what steps the EC plan to take to ensure that France upholds its obligations under Directive 93/12/EEC. […]
Peter O’Dwyer reports in the Sunday Business Post that the CCPC has written to the DGCCRF requesting an update on their investigation into the alleged scam involving the French leaseback property purchases by Irish consumers. The CCPC have stated that an assessment will be made on the information provided by the DGCCRF in order to […]
Tánaiste Leo Varadkar (former Irish Prime Minister) was questioned in the Dáil (Irish parliament) this week on progress made by the CCPC on the 150 complaints made to them by Irish consumers in relation to French leaseback purchases. The question was posed by Catherine Connolly TD. Mr. Varadkar replied: “The CCPC received complaints from Irish […]
The purchaser of a French leaseback property, in believing that he was deceived at the time of purchase, took a legal action in France against the promoter and his commercial partners in the sale. The owner lost the initial action and the Court of Appeal at Aix-en-Provence subsequently also ruled against the owner. However, on […]
Belambra Leaseback From Martine Denoune: Leader in holiday clubs in France, the Belambra Clubs group has just sold to Atream, an independent real estate and private equity fund management company, the common areas of the “ Domaine de Mousquety ” in L’Isle-sur-la-Sorgue (84 ). Let us hope that this sale will allow Belambra to avoid unpaid rent […]
The Times reporter Emanuele Midolo reported on Friday on the continuing French Leaseback issues. He reported on the treatment of owners by Madame Vacances (owner Eurogroup). In June this year Madame Vacances owner Eurogroup, based in Chambéry, sent letters to all owners who had bookings between July and August. Due to Covid-19 the company claimed […]