Why invest in Corsica?

Real estate is attracting more and more investors. To get a significant income in this area, you need to choose the right area. Corsica is one of the best places to do good business. In that case, why invest in Corsica? Here are some answers.

Ideal place for tourists

Invest in property in Corsica provides many benefits. First of all, keep in mind that real estate prices in this region are lower than on the Cote d’Azur or the Atlantic coast. Then use the Sperone real estate agency to select a property. Indeed, Corsica is a very popular destination for tourists. While not the most populous city in France, it welcomes many travelers and investors.

That is why the rental market is booming. In fact, this city has a pleasant environment that guarantees an excellent quality of life. Many people come to visit this island and behold the scenery. Therefore, it is an ideal place for vacationers who can find a property at an attractive price.

In addition, companies come to settle in this region. This favors the arrival of several local and foreign investors seeking rent or buy luxury items for your stay. Therefore, you can take advantage of this opportunity to invest in luxury real estate in order to attract clients with high purchasing power.

Pinel’s law in Corsica

The asset that you can take advantage of by investing in real estate in Corsica is Pinel’s law. This is a device that allows investors to take advantage of favorable tax exemptions. This applies when you buy a new property and rent it out for a minimum period of 6 months. With this device, you can get a tax rebate of up to 21% on your investment. In addition, you will save significantly thanks to notary fees, which are reduced to 3% instead of 8%.

Tax credit in Corsica

When you invest in real estate in Corsica, you also receive a tax credit. If you qualify, this assistance can help you earn good savings. Indeed, the tax credit in Corsica was created to make life easier for individuals wishing to buy land or new property. Several individuals and developers have decided to invest in this region because this device allows tax exemption up to 30%.

In addition, you receive additional income when you decide to invest in rental property. The same is true for people who want to invest in additional housing. No housing tax will be applied to their property when it comes to rental investment. However, the latter will be subject to commercial property tax (CFE).

Other reasons to invest in Corsica

By investing in real estate in Corsica, you can be sure that you will receive interesting capital gains later on. This is only possible with the resale of your property. Depending on where your property is located, this added value will be very beneficial for you. All you have to do is make some renovations to improve your property. To this end, you will also receive assistance in the implementation of your project.

It should also be noted that there are many universities in Corsica. In addition, it offers small student jobs. These two facts make it a popular destination for students from all walks of life who come for higher education. Take the opportunity to invest in student housing. Feel free to offer short term rentals. Thus, you can rent out accommodation to a tourist when the student is on vacation in another country or another city. Great opportunity to earn more money.