What are the advantages of a new build?
I would say there are four main advantages. A new development is usually designed with market demand in mind, and thus has a good chance of fulfilling the aspirations of buyers. As they are generally put on the market before breaking ground, changes can often be made to the plans so as to best align the property to the buyer’s expectations. In addition, VAT, i.e. 20% of the price, can be refunded when buying a new build if one of three conditions are met: the purchase concerns a secondary residence, the property is rented out, and it includes hotel services. Buyers themselves can also take advantage of these hotel services. Today, a group like Cimalpes manages several dozen new properties, the purchase of which enables the owners to save on VAT, to collect a rental income to cover the charges and to take advantage of the hotel services on offer.
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