European Commission furthers kafkaesque treatment of EU citizens

Posted 3 CommentsPosted in Lease, Legal, News

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 […]

DGCCRF criminal investigation is complete

Posted 5 CommentsPosted in Legal, News, Uncategorized

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 […]

Investing in tourist residences is “risky”, according to Bruno Le Maire

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Guillaume Errard has a piece in Le Figaro on the possible reform of ‘risky’ nature of French leaseback property purchases: 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 […]

Updates on Belambra and Pierre et Vacance

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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 […]