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 […]
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 […]
Update: 2020/05/15 Episode 2 of “Burnt by the sun” will air on RTE 1 TV on Mon 18th April at 21:35. You can see a promotional trailer of the series produced by RTE here – https://youtu.be/7kBWFZ8br1w Update: 2020/04/26 Episode 2 of “Burnt by the sun” which was due to air RTE 1 TV on April was […]
The TV documentary for RTE (Irish national broadcaster) we mentioned back in June is now going ahead and they are planning film in Nov and Jan 2020. The program, which will be a 2-parter, is due to air in Mar 2020. The producers are primarily interested in the experiences of Irish purchasers. This is a […]
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 […]
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 […]