Lac d’Ailette – Centre Parc P&V
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!
Category: Uncategorized
Investing in tourist residences is “risky”, according to Bruno Le Maire
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 […]
French Court de Cassation rules in favour of leaseback owner
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 […]
Updates on Belambra and Pierre et Vacance
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 […]
“French ‘Timeshare’ Bombshell” says The Times
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 […]
TV Program: Burnt by the Sun
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 […]
RTE Documentary Update
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 […]
CCPC Update
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 […]
CCPC Prioritises French Leaseback Issues
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 […]
How Irish owners can submit their complaint to CCPC
Update: 30th August 2017 The CCPC have extended the closing date for receiving complaints to Fri 1st September. They are requesting that all complaints are submitted on the template that they have provided. See below: 2017 08 04 French Leaseback complainant form I suggest that owners who wish to complain to other member state national […]