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25 July 2007

Buy-to-let investors profiting in France

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by Elaine Frei

Buy-to-let investors profiting in France

Southern France is rising in popularity among holidaymakers and particularly investors according to Holiday Lettings and RightmoveOverseas. Property prices are rising in France and provided the investor purchases and furnishes a property with the demographic of the region’s visitors in mind, there is plenty of potential of achieving a return on an investment.

The south of France experiences long hot summers and a sophisticated lifestyle and is rising as a property hotspot. Holidaymakers are increasingly interested in a wide range of properties for investment.

According to the Holiday Lettings survey, the Languedoc-Roussillon region is appealing to many, the airports of Perpignan and Montpellier are nearby and have frequent routes to the UK and Europe.

Cluttons France, one of the leading independent firms of property consultants, commented that the French Riviera, in the south-east, has a certain status for investors and tourists alike. Those retiring to France come to the region from all over Europe and that they are generally wealthy. The majority of these property investors are in their mid-50s and have already paid off their mortgage.

RightmoveOverseas commented that France offers good value for a property investor, whether retiring here or purchasing a second home. Nicolas Sarkozy, the new president is introducing many changes which analysts believe will be beneficial to buyers from the UK. The changes will occur in 2008 so this gives investors time to buy a French property before the boom and see the price of their house increase in value.

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