Foreign Perspectives

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One of the big surprises in many ways is just how fast formerly eastern block countries are moving into the first world.

For example, not so many years ago the thought of a  luxury golf property in Bulgaria would have been laughed at. No longer though for the likes of Tharacian Cliffs, starting from scratch, seems likely to become one of the top golf courses in the world according to Gary Player.

The reason is simple of course: they’re able to start from a blank sheet and have lots of cheap land and labour to construct the courses. For the rest of us there are increasing numbers of cheap flights available to get us to the area.

Overall, a win-win situation for everyone apparently.

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A long time ago buying a new TV was a very simple affair. You just picked the screen size and off you went.

It’s changed a lot since those blissful days though. Nowadays when you look at televisions there’s still the size to consider but now you’ve added the choice between flat screen and CRT style (not to mention the different flat screen technologies), then there’s normal vs high definition (and HD vs HD ready) not to mention the possibilities of home cinema and potential computer connections.

Even the “simple” choice of screen size isn’t so simple anymore. It used to be that 14″ was bedroom size but now that the prices have dropped so much you can easily be thinking in terms of 32″ instead and living room screen sizes run to feet rather than inches these days.

However, with all that complication has come a massive drop in price. The 42″ flat screen that replaced our 7 year old 28″ TV was only 2/3rds of the price and those prices are still dropping.

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When people think of moving to France their first thought as to how to generate an income is to buy a gite complex and rent it out to people from back home.

It sounds like an idyllic lifestyle, doesn’t it? You work one day a week and the rest of the week you can be sunbathing by the pool.

The snag is that you need to wash all the sheets and towels and carry out maintenance work during the week. OK, so two days work and five at the pool? In theory, you might get away with that though, of course, the guests will be using the pool too and, usually, expect you to do things for them like organise tours or the area, tell them all the best places to go and so on.

What’s frequently forgotten about in all this is the financials that go along with this lifestyle. From a typical six or seven person gite you can probably get around 700€ a week in the peak season. That size of gite equates to a small three bedroom house in size and, of course, amount of work to look after. In reality most people aim for a gite complex of around four or five gites. On the whole, you’ll eventually reach an occupancy of around ten weeks per year for the gites which translates into around 35,000€ a year of an income.

However, there’s the matter of expenses to consider. Bearing in mind that you only have four or five hours to reset the gite between guests you’ll end up hiring a cleaner to help you which eats into the income somewhat and you may need someone to look after the pool. There’s also the business of maintenance: unlike a normal house rental you’re getting a new set of tenants virtually every week and that tends to be quite hard on the furnishings so you’ll need to renew at least some items pretty much every year.

Oh, and don’t forget the taxes!

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