Eurostar boost for Paris prices

Published 21st Aug 2007

Eurostar is preparing to launch faster services from London to Paris, with journey times reduced by 20 minutes…

A report earlier this year highlighted Paris' position as top city for property investment. The Emerging Trends in Real Estate® report by PricewaterhouseCoopers and the Urban Land Institute underlines the city's economic stability and sustainability, as well as placing Paris in first place for supply and demand balance.

Unlike the UK, this balance means there's a good chance buyers will find the sort of property they're looking for, and sellers will typically not have long to wait when selling up. What's more, the plans of the new President, Nicolas Sarkozy, to provide tax breaks to encourage home ownership will surely have a positive impact on rent return and capital growth over the next few years.

Improving infrastructure

"In the past, the typical French dream has been countryside cottages, renovation projects and small townhouses," says Andrew Rowe, Customer Relationship Manager for French Property Links, "but foreign buyers and investors are increasingly looking into the Parisian pied-à-terre."

If it's a pied-à-terre you're after, then there couldn't be a better time for prospective British buyers, as Eurostar prepares to launch even faster services from London to Paris from St Pancras International on 14 November, with journey times reduced by 20 minutes. This improved infrastructure could easily help to set property prices soaring in the French capital.

Source: ' Move Channel Ltd '

View All Latest Articles