|
Property For Investment
Eurostar Brightens Outlook for Property for Investment in France
Interest in property for investment in France has been boosted by Eurostar’s two-stage High Speed 1 project. The reduced travel time has seen a surge in British interest in property for investment in France. In fact reports show that France’s Atlantic coastline, which is largely unspoiled, has now captured the imagination of those seeking property for investment across the channel.
France has always been amongst the top destinations with regard to property for investment. An AIPP report states that in 2007 France was the second most popular destination when it comes to property for investment overseas; and the Eurostar’s new service has only added to that appeal. The journey from its new terminal in St. Pancras to Paris has been reduced by as much as 20 minutes. With the countries moving closer, France’s idyllic country lifestyle and attractive climate will be more accessible to Britons’ wanting a second home or a property for investment. Quick weekend trips now being made more feasible will also augment property for investment in the rental market in France.
Prices of property for investment are another factor that adds to the French appeal. On average prices of property for investment are said to be 28% lower in France than in the UK. Established areas like Provence and Languedoc continue to attract investment for property despite rising prices there. Particularly with the arrival of Russians and Chinese buyers, property for investment in areas like the Alps and the French Riviera are seeing a renewed price surge. Meanwhile, the attention of British buyers looking at property for investment has been steered toward the French Atlantic coast.
From the south of Bordeaux to the beginning of the Basque country, there are properties for investment that are very affordable with a lot of room for development. On the sandy beaches of Les Landes and the stunning inland area of Dordogne, property for investment present excellent buy-to-let opportunities as even French tourists frequent these areas.
|