Lease

Pierre & Vacances – big players in France, but is it a fair game ?

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In the #FrenchLeaseback arena, Pierre et Vacances are huge players. They operate 280 Residence de Tourismes, with 50,000 properties, dealing with 23,000 owners! Indeed, they have also moved into the Senior Residences investment area, since these have been given similar tax advantages to the Residence de Tourisme.  These are the next investment ‘opportunity’ that could […]

Press

Press Updates – 2018

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12th Feb 2018 Peter O’Dwyer over at The Times (Irish edition) has written that the French DGCCRF are investigating complaints from Irish and UK consumers who purchased #FrenchLeaseback properties and allege they were mis-sold. Brian Hayes MEP, who has been supporting Irish owners, has said that: ..many Irish leaseback property owners were struggling to meet […]

Legal

Support Owners Against French Banks

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Many owners were forced into a mortgage default with their French bank when the ‘guaranteed’ rent they were promised (and promised contractually) failed to materialise. In France, such mortgage default is followed by an order for re-possession of the leaseback property. At this point, many owners are only to glad to have the property taken […]

Legal

DGCCRF Launches Nationwide Enquiry – finally..

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The French Direction générale de la concurrence, de la consommation et de la répression des fraudes (DGCCRF) have finalised evaluating all the data provided by its CPC counterparts and is launching a nation-wide inquiry on the acts covered in the complaints, which have also affected a large number of French consumers. We have been informed […]

Uncategorized

CCPC Update

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The CCPC (Competition and Consumer Protection Commission) in Ireland delivered the first batch of cases to the French DGCCRF (Directorate General for Competition, Consumption and Fraud Control) at the end of October and a second round of cases is due to begin delivery to them this month. The CCPC have said: “The DGCCRF has informed […]

News

Press Updates – Autumn 2017

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Updated 5th Nov 2017 The Times Peter O’Dwyer had another article in The Times (Irish edition) on 31st Oct 2017 – see Property ‘scam’ complaints passed to French watchdog. The Times Peter O’Dwyer had an article in The Times (Irish edition) on 10th Oct 2017, Irish Victims of Alleged French Property Scam Win Reprieve, where he outlines the view […]

Uncategorized

CCPC Prioritises French Leaseback Issues

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The Competition and Consumer Protection Commission (CCPC) have informed Brian Hayes‘ office that the French Sale and Leaseback complaints are the immediate priority issue for the Consumer Enforcement Division. They have received over 200 complaints from Irish consumers and expect to receive more. The French equivalent consumer body, the DGCCRF (Direction Générale de la Concurrence, de […]