How much to pay for a Gite Complex in France

So the decision is made, you want to move to France. Not seeking fame and fortune perhaps, but food on the table would be nice. So how much money do you need and how much can you make.

Remember that everything here can only be a guideline - actual figures will vary with location, seasonal demand for the property, your skills at marketing; your skills at making people want to come back for a second stay and a multitude of other factors. Many of these are covered in the marketing section of this site.

I am going to ignore completely the separate question of buying a property to renovate and converting it to gites, because that is a whole separate subject. If you are thinking of renovating, there is a link listed in the 'Useful Other Links' section of the menu that might help you.

How much should you pay

The value of any business is determined by the income that you believe you can generate from the business. With a gite complex there is an additional complication - the price includes your own house as well as those properties you will rent out.

So one approach is to try and put a 'fair price' on each part of the complex. If there is a house where you will live, 2*2 bedroom gites and 1*4bedroom gite, try and work out their separate values.

The value of the 'living accommodation' can be estimated by looking at similar properties in the area without gites.

For the gites you will then need to try and estimate two things - market rental rate per week, for each season of the year; and how many weeks you will be able to rent them out for. Be extremely cautious about relying too heavily on the figures produced by the seller, unless they are backed up by names and addresses of customers that you can actually contact yourself... continued