The
Bretagne region of France,
better known as Brittany on
this side of the Irish sea,
is an area with many links
to Ireland. Quite apart from
distinct cultural
connections there is the
more mundane fact that it is
home to Roscoff, a
picturesque sea port town
which has hosted ferries
from both Cork and Rosslare
for many years.
One of
the many attractions to
Brittany from an Irish
perspective is that it is
very much a home from home.
If you were dropped into the
region you could be forgiven
for thinking that you’d
arrived somewhere in
Connaught. The area, much
like Ireland, is subject a
share of inclement weather
which means that it presents
as a very luscious location,
consequently there is an
attraction for those not
immediately attracted by
huge amounts of sun. In
fairness the weather is
generally a lot better than
that normally found in
Ireland in the summer but it
is not really a famed
sun-trap that will rival the
south of the country. This,
of course, is the attraction
for those who really like
Brittany, along with the
fact that the place doesn’t
become as overcrowded in the
peak summer season.

Ferry
access is, of course very
important for those who want
to bring their cars to
France. For this clientele
Brittany is the first port
of call and, in some cases,
the only region in the
country which is visited. A
further attraction in the
past couple of years has
been Aer Arann’s highly
popular high season flights
from Cork, Waterford and
Galway to Lorient airport.
This is despite a distinct
lack of hype about the route
which has done its thing
without receiving too much
interest from the press in
general. It is unusual in
that it eschews the ‘big
two’ of Dublin and Shannon
in favour of more local
routes but those close to
the two largest airports are
still catered for by Ryanair
to Nantes. For further
information on the Lorient
flights visit
www.aerarann.com.
Overseas Properties, a
specialist in French
leaseback investments right
across the country, is
releasing an interesting new
project to the Irish market
in the coming weeks. Taking
advantage of the current
huge interest in French
property, and a lack of
emphasis on the general
Brittany region, the company
has launched Golf L’Odet, a
refurbishment project just
35 minutes from Lorient
airport. The development,
which is to offer rentals
from April 2007, will appeal
to impatient buyers who
would like something for use
next year.

The refurbishment is taking
place under the immensely
popular French ‘Residence de
Tourisme’ scheme which
offers a VAT rebate of up to
19.6% from the government
and then entails a contract
with a private management
company to let the property
for a guaranteed return over
a period of up to 12 years.
The
residence is on the golf
course has an outdoor heated
swimming, tennis courts, a
clubhouse with restaurant
and bar, a driving range and
a separate 9 hole course. It
is located 3km from the
beach, 15 minutes from the
charming seaside village of
Benodet and 15 minutes from
Quimper airport.
80% mortgages can be
arranged for up to 25 years.
In an interesting
development the company has
organised that if interest
rates increase, the length
of the term increases rather
than the monthly repayments.
Conversely, the term
shortens if interest rates
are reduced.
The management company is
Odalys and there is an
initial rental period of 9
years offering a net yield,
without occupation, of 4.4%
index linked. There are also
packages with usage options
which offer lower returns.
The properties are being
sold completely furnished
with studios starting from
€58,000 and one beds from
€77,500, and two beds from
€115,000; three beds from
€160,000
all excluding VAT.
Those
wishing to obtain more
information can visit
upcoming seminar evenings in
Dublin’s Burlington Hotel on
November 25th and
26th; The Harbour
Hotel, Galway on the 27th;
The West County Hotel in
Ennis on the 28th;
The Brandon Hotel, Tralee on
the 30th; the
Clarion Hotel, Cork on
December 1st and
2nd and the
Waterford Marina Hotel on
December 3rd.
For further information
contact
091 788 841 or
info@overseasproperties.com.