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 […]
France TV 2 news programme Journal featured a piece on French Leaseback on 17th July 2019. It featured one owner from a residence de tourisme in Deauville and another owner from Domaine des Fontenelles, operated by Madame Vacances. It seems that MMV are looking for €50k eviction compensation from this owner, while the contract that […]
A TV production company called Cornelia Street are planning a documentary for RTE 1 (Irish national TV broadcaster) called ‘Burnt by the Sun’ due to air this autumn. This is a fantastic opportunity to bring this issue to the fore and provide for some serious pressure on the consumer protection authorities, in particular the EU […]
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 […]
Updated 18th August 2018 French national daily, Le Figaro, published a piece on the DGCCRF investigation entitled Des étrangers dénoncent «l’horreur» des résidences de tourisme françaises (16th August 2018). In the piece, Jean-Bernard Litzler describes how owners feel that they are ‘prisoners of a Kafkaesque system’: Selon eux, la présentation qui leur a été faite du […]
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 […]
Update : 31 May 2017 RTE Radio 1 Following on from a successful piece on Morning Ireland by Justin McCarthy on 31 May 2017, many Irish owners have been in contact with the CCPC. The piece featured 2 owners and Brian Hayes MEP. They finished up by advising any listeners who had experienced these issues […]
The Irish Times has led the way in reporting on the issues with French leaseback and the online petition to bring it to the EU. See Diarmaid Condon’s excellent article: For over a decade French leaseback properties have been marketed as such reliable investments that they could substitute for a pension. Buyers are encouraged to […]
A recent article in Indo – The French Dream that became a Nightmare – goes some way to highlighting the problems with French leasebacks and I commend the journalist Sinead Ryan for taking this on. But it doesn’t go far enough. Perhaps those selling French leaseback/investment properties should be subject to financial regulation. From the Central […]