Paris: A real estate ‘Mecca’?

Published 29th May 2008

An expert has lavished praise upon the diversity of Paris’ real estate market. Benoit Maunie, Sales Director of Imoinvest International enthused about the impact of increasingly popular channel tunnel rail links, arguing that France was ‘opening up like never before’.

He reserved specific praise for Paris: “Being so easily accessible from the UK, Paris offers visitors not only a beautiful city but is a Mecca for high calibre international companies. All of which makes Paris a superb location in which to invest either for personal use or for buy to let returns/capital growth.

According to the Chambre des Notaires de Paris, house prices rose over 7% in Paris last year. Capital appreciation has also seen a rise in the rents paid though the overall percentage yield has come down, making this a strong long term hold for both increase in capital value and the rental income.

”Mr Maunie continued: There is a great diversity of investment options available in Paris and Leaseback, Fractional Ownership and Buy to Let residential, are three very stable and attractive investment packages.”

“With Sarkozy’s reforms and tax incentives for promoting property ownership the outlook for the French property market is for stable growth. Investments here in the heart of the business district of Paris have a low risk with the prospect of high returns.”

Source: ' Move Channel Ltd '

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