Full Description

Why is this investment one of the most important property investments on the market today?

Few people can pinpoint New Caledonia on a map, and even less people have thought about investing in the property market over there – Most will never get the chance to invest in this market as local demand absorbs most of the developments – however by the time you finish reading this brochure, those willing and enable to invest will be making an investment in one of best performing regions of France.

Today its main wealth and reasons for its growth, both economically and socially, has been based on its Nickel deposits, which account for 25% of the worlds deposits – used in the production of Aluminium. Today, New Caledonia is the worlds 2nd largest producer, after Brazil.

The archipelago, which lies around 2,000 km from Sydney, Australia, enjoys one of the region's highest average incomes per capita. As such the rental amounts are higher than you would expect in mainland France, thereby generating higher Return On Investments (ROI)

UNESCO World Heritage Site protection is currently being reviewed for the New Caledonia/Kanaky reef ecosystem - the second largest barrier reef system in the world after Australia's Great Barrier Reef – this is expected to boost tourism which is currently undeveloped with a knock on effect on the price of property.

Property prices in New Caledonia have increased between 10-15% in the last 12 months, compared to around 5-7% in mainland France. Most developments, which are launched, are absorbed by the local market – That is one of the main reasons, this market is relatively unheard of outside of France – however things are rapidly changing!

The French themselves benefit from various tax breaks, however non-French investors benefit from the lack of taxes, including NO Capital Gains Tax and an incredibly secure buy to let market with strong capital growth.

Eden Parc – The development:

A small development of 12 apartments from 1-4 beds, in a single building over 3 floors, this design reflects the local architecture, which requires developments to be unobtrusive and limits the number of floors.

Each development takes advantage of the natural slope which, when combined with low-level developments, offers views down to the sea, which is only 1.49kms away. These are spacious apartment with terraces and draw back wooden shutters, which allow in the light but not the heat.

Kitchens are complete with cupboards and come with electric hotplates – tenants will bring their own white goods, or owner-occupiers will be responsible for these elements.

The development is being sold in the classic sense, with a management company in place to manage the property. Tenants sign a 1-year lease, which is renewed. There are various rental guarantees in place, however the supply and demand situation ensures the demand for properties to rent has outstripped the supply.

Owners do not have any restrictions on reselling the property and as outlined earlier there are NO capital gains taxes to be paid.

For a brochure and details on availability and a financial simulation, please make an enquiry. There are 7 remaining units at the time of writing