July 25, 2006
France’s strong rental market
In spite of strong emerging markets in Eastern Europe, France maintains a stronghold in the rental or what is also known as the buy-to-let market. This is also aside from the fact that is still maintains itself as a favoured destination for holidays and retirement days.
Property investment specialists Assetz noted the one hundred percent increase of property sales in France since January 2006.
France’s proximity to Britain has shown investment advantages. Its continuing leaseback scheme offers investment opportunities without hassle, most especially for holiday rental properties, and the quality possessed by French property is an edge over the emerging competitors in the east. People still go to France because of its established infrastructure and its popular culture and lifestyle, not to mention its excellent food and wine.
Even if capital growth is slower, Bulgaria’s and Croatia’s rental market are not as strong and reliable as France’s, which is further boosted by the continuing strength of its tourism. Capital gains are at 10.3% with a seven percent increase in yields and capital growth. With positive figures such as these, it is no wonder that investors still put their money in French property. The return on investment is approximately at an average of 68%.
In spite of these, investors are avoiding investing in farmhouse residences in the rural and provincial areas. Preference is heavily on the hassle free new-built houses and apartments in the south of France.
With available telecommunications and transportation infrastructures, relocating to France comes out cheaper than buying property in the United Kingdom for Brits. Holiday makers and retirees are therefore enjoying and living life in style.
Posted on: France
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