Leaseback scheme of French Alpes apartment

LegalMind_2

I am considering buying an apartment in the French Alpes through a leaseback scheme. I would buy the freehold and lease it to a management company for 10 years who then rent it out for themselves. I use it for 4 weeks of the year and in return get a guaranteed return and refund of French VAT (provided I hold it for 20 years which is the plan).

Although similar to a timeshare - in that you cannot use it whenever you want - conceptually it is very different as you own the place throughout and take it back after the period.

Does anyone have any good or bad experiences of these schemes? Trying to root out if there are any likely problems or things to look out for...

Thanks in advance.

BobProperty

Think a friend of mine had one of these a long time ago. Disadvantages were/are:
Having to spend significant amounts of money at one point to re-vamp the interior to the standard the management company wanted in order to rent it out to the big holiday companies.
ROI isn't that great, IIRC it's about 5-7% at best.
There is the concern that the whole development will come on the market at the end of the 9 or 10 years, therefore supressing the re-sale price. Equally, point one applies, at the end of 10 years of being rented out it will be pretty "tired".