France is the world's premier tourist destination*. What could be more natural than to see rapid growth in serviced tourist accommodation? Manna from heaven for investors, who can take advantage of highly attractive tax breaks.

A growing success

Serviced tourist residences are highly successful. First built in ski and seaside resorts, they can increasingly be found in cities, for tourists attracted by culture, and in the countryside, for those who like their holidays "green".
• Lets are by the week or month.
• The residences offer services like cleaning on departure, broadband internet access and breakfast.
• They also offer high-end services like a private swimming-pool, bar, sports and games rooms, etc. likely to attract tourists who want to combine independence with comfort and convenience.

Tourist residence projects recently completed by Bouygues Immobilier include a 104-unit residence for VVF Vacances near Saumur in the Loire Valley.

Bouygues Immobilier, specialist in turnkey holiday accommodation

Bouygues Immobilier gives local authorities the benefit of its expertise and its network of partners in order to:

Résidence de tourisme de 105 appartements à Vars (05)• design and build serviced tourist accommodation that meets the expectations of an increasingly demanding clientele,
• choose a manager that will convey the image of the residence and of the local community.

A win-win investment

Attractive tax breaks are on offer to encourage investment in short-let tourist accommodation. The advantages are even greater when the residences are in special rural revitalisation zones.

Private investors can reclaim VAT (value added tax) on the price of the property, provided they keep it for 20 years, and claim a 25% tax rebate up to a statutory ceiling.


* In terms of the number of visitors. France is third in terms of revenue from tourism. Serviced accommodation represents 14% of the market in the tourism sector, or 11 million tourists in 2007.