Buying and running a gîte in France

Owning and running a gîte in France is a dream for many people whether that be as a full-time business or as an additional economic activity to top up a pension or another income stream while enjoying a new life abroad. It can also be a great investment and lifestyle choice. However, it is important to be aware of the visas required, income expectations, and potential challenges that come with this type of business especially if you are moving to France from outside of the EU (which also includes Brits now of course since Brexit.)

Visas
If you are not a citizen of an EU member state, you will need to obtain a long-stay visa, also known as a “visa de long séjour,” before you arrive in the country in order to stay in France for more than 90 days. There are several different types of long-stay visas, including those for family reunification, work, and self-employment. If you are moving to France to run a gîte, you will need an entrepreneur visa which is designed for people who wish to start a business in France. This type of visa requires proof of financial stability, a business plan, and relevant skills or experience. It is important to consult with a French consulate or embassy in your home country to determine the specific requirements and process for obtaining a visa.

Once you have obtained your entrepreneur visa, you will be allowed to reside in France for up to four years and work on building your business. After this initial period, you may be eligible to apply for a renewable residency permit, provided that your business has been successful and you have contributed to the French economy.

Income
The income potential for running a gîte in France can vary greatly depending on location, seasonality, and marketing efforts. It is important to do thorough research into the market demand and competition in the area you are interested in. It is also important to consider the costs associated with running a gîte, such as property maintenance, taxes, insurance, and marketing. Many gîte owners choose to work with a property management company to handle bookings, cleaning, and guest communication, which can help alleviate some of the workload and stress of managing a rental property.

Is it a good idea?
Owning and running a gîte in France can be a fulfilling and profitable but, as with any business, is important to carefully consider the associated costs and challenges before making a decision. It is also important to have a clear understanding of the cultural and legal differences between your home country and France, as well as the language barriers that may exist. In addition, it is important to do thorough research, obtain the necessary visas, and have a clear business plan before embarking on this journey. With proper planning and execution, a gîte can be a wonderful way to live and work in France while sharing the country’s rich culture and history with visitors from around the world.

If you need help in finding the perfect property in France, please get in touch: nadia@foothillsoffrance.com