Invest in the vineyard ? Yes, but with moderation

Acquire units of the vineyards, in particular via groupings associated with it, has become possible. But these illiquid investments are reserved for amateurs.

This is a fantasy reserved only for the most wealthy ! Be the owner in the vineyard in France remains a privilege. But new investments now allow oenophiles to combine savings and fun for the amounts more affordable. La Française REM (Real Estate Managers), the management company of the Crédit mutuel Nord Europe, has recently launched LF the Grand Palaces, first real estate investment trusts (REITS) on this niche.

The lode appears to be promising. "Wine consumption is growing, especially in the high range. For the past twenty-five years, the values of the vines have grown by an average of 4% per year," says Marc Bertrand, president of The French REM. The price goes up, especially for the protected designation of origin (PDO), to 144 000 euros per hectare on average in 2018, according to companies land-use and rural settlement (Safer), with peaks of over € 1 million in Champagne and more than 6 million per hectare for the burgundy grand cru.

"We expect revenue in the order of 1 to 1.5% per year, which is about the same as the fund in euros," prognostic Mr. Bertrand. If such a level of compensation that would have seemed laughable ten years ago, it stands comparison with today's life insurance. To the extent that the investment in vineyard provides two other assets : a perspective of surplus-value and of the discount on the production of wine producers. Available from 10 000 euros, the SCPI The Great Palace will convert the annual dividends, received in cash and taxed as property income, in bottles. Customers can also purchase the wines of their harvest with about 40% discount compared to the price to the public.

Your support is essential. Subscribe for $ 1 support Us

READ ALSO >> Invest in the wine : our advice to not have the hangover

If this SCPI renew the palette of investments "vines", it provides no tax advantage, contrary to groupings of land with vineyards (GFV). More confidential, limited to 150 associates per group, they work on the same principle of pooling between investors to finance the purchase of a vineyard, leased to its operator. But they benefit from the sweets tax groups for agricultural land (GFA) to help the rural world. They escape in large part to the tax on the real estate asset (IFIS) and the rights of succession. "The value of the GFV enjoys a tax allowance of 75% up to 101 897 € and 50% beyond that for the IFIS, while the donations and estates, the tax is 75% up to € 300 000, and then 50% beyond", explains Frédéric Chassain, commercial director of GFV Saint-Vincent, in Dijon, france.

Read our complete file

More than 50 financial investments screened

life Insurance Plan or retirement savings : the match 12 points key Obligations : the right mix at times of crisis real Estate : REITS in turmoil

the Icing on the cap, the happy partners of the grouping bourguignon receive their income in bottles, and can participate each year in a session to trade in their beverages in order to diversify their cellar, then better to liquidate it.