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'Good rental returns' in the south of France

Article Date : Friday, November 30, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

British property investors can look forward to "very good" rental returns if they choose to buy in the south of France, according to the director of a property consultancy firm.

Olivier Morvan of Cluttons France explained that there are many factors that could attract investors to the area, including the proximity of airports in which low-cost airlines operate.

He suggested that people may want to investigate opportunities for investing in university towns or places which attract tourists on short-term stays, such as Cannes or Antibes.

"If you want pure rental return, you would make use of the good tax advantages by the French government on buy-to-let schemes - that's very good," he commented.

According to data from the Office for National Statistics, France was the second-most popular destination for UK residents to visit within Europe in 2005.

Some 11.1 million visits were made to the country by Britons during that year.
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