Published on 31 October 2006 at 10:01 am
Filed under: Europe:- France Property Guides » France for Property Investors
France is a geographically diverse nation offering property investors almost an unparalleled wealth of opportunity right across the country; furthermore French property is still largely affordable with only the most popular towns in the most popular regions having reached heady heights in terms of property prices.
There is an added incentive for property investors looking at opportunities in France as well; the French government are keen to attract foreign interest in property in France as a way of bringing in investment on the one hand, and as a way of creating desirable holiday property on the other hand. The government wants to do this to lure greater numbers of tourists to sample the delights of France and to raise the amount of overseas money that the French economy benefits from annually.
To this end the unique French leaseback scheme was created to attract investors with the promise of guaranteed rental returns, the ability to use their investment property occasionally and the benefit of achieving up to a 16.4% discount to market value on property – naturally enough this scheme makes the property market in France one of the most stable and desirable from an investor’s point of view and the scheme has already seen many European, British and American investors committing to the French real estate market.
France is a nation that not only welcomes some of the highest numbers of international visitors annually, it is also a country in which many expatriates choose to live or retire, this constant flow of inward migration results in a strong demand for property for sale across France which means investors buying to renovate and resell have an active potential resale market to tap into as well.
A property investor considering France has many regions to choose from and each offers a range of alternatives – an investor could choose buy to let opportunities in cities such as Paris or Orleans and tap into the professional rental market and corporate letting side of things, alternatively there are many universities and higher education facilities in towns across France that have students who seek affordable rental accommodation and who offer an investor another market to target. Then of course there is the vast holiday market demanding everything from beachfront apartments in the South of France to rural farmhouses with swimming pools in the French interior or close to the Northern ports that connect France to the UK.
The key to making a successful investment in France is identifying the target market and researching their requirements because everyone wants something different from property in France – for example an investor hoping to attract the family tourism market who fails to invest in property that is both affordably accessible and within easy reach of good amenities will fail to generate a decent yield.
France is a good solid, stable and consistent market, it is a safer market than many emerging nations for example, it has a constant supply of demand and the best thing is that the government welcomes investors.
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