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Old 08-09-2007, 06:07 PM posted to uk.rec.gardening
David \(Normandy\) David \(Normandy\) is offline
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First recorded activity by GardenBanter: May 2007
Posts: 314
Default at wits' end ...

I see some 'Holiday Lets' here ;-)

Wouldn't cost too much to set something up. Want a partner? ;-)

Mike


Thanks for the offer Mike, but as the housing market stands in France at the
moment it would be a money pit. There are a number of old stone properties
around Normandy that are falling into ruins, simply because it is not
usually cost effective to restore them. The French generally prefer modern
well insulated homes and are bemused by us Brits moving out here spending a
small fortune restoring their heritage. There are also some strange laws and
taxes here which hit the unwary developer, particularly those who DIY.
Believe it or not you can actually end up with a tax bill substantially
higher than any profit made on a development, converting a profit into a
loss and making you wish you'd never started in the first place! There are
aspects of the French tax system that completely kill innovation, initiative
and enterprise.

David.