Latest Insurance News
French buy-to-let 'a good investment'
27 Aug 2008
Buy-to-let apartments in major French cities are proving to be good investments, it has been claimed.
According to property consultant VEF, properties for young professionals are in short supply, making them more desirable as rental properties and increasing their value.
Trisha Mason, managing director of VEF, advised potential buyers to look at upgrading the interiors of existing apartments in major cities such as Bordeaux, Toulouse, Lyons and Montpellier.
"Apartments designed to attract young professional couples are in short supply as generally the interior design of such places lags behind what the market is currently requiring," she commented.
Ms Mason also advised those looking at property investment in France to consider off-plan properties with leaseback offers.
She revealed that entering this market is accessible as properties can be purchased for around 100,000 euros (£79,850).
Christian Noyer, governor of the Bank of France, has remarked that a slowdown in the country's housing market would cause less damage to the economy than in other nations because of the different financial conditions.
