Welcome to Buying MGM French Properties, the only site dedicated to advice on buying MGM apartments sold by MGM French Properties in the UK, or directly with the construction company MGM Constructeur in France.
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Background - MGM Constructeur
MGM Constructeur was started by the Giraud family in 1963, and has in essence remained a family business ever since. It focuses on building apartments in just two regions, The French Alps and The Cote d'Azur. The apartments are generally sold "off-plan", with buyers paying in instalments as each stage of the construction is completed.
MGM Apartments - Leaseback or Traditional Freehold
In most resorts, the apartments can be purchased under a traditional freehold arrangement, or via the French Government "Leaseback" scheme. The way that MGM Leaseback Apartments work is that the purchaser still owns the freehold, but they lease their apartment back to MGM for a period of up to 11 years, in exchange for a guaranteed rental income from MGM, and a refund from the French Goverment of the TVA (equivalent to UK VAT, although at 19.6%) on the purchase price of the property.