Buy-to-let
Emily Southcombe, managing director of independent property research firm Tricolore Property Search, said the trends for Britons buying homes in the country had shifted from wealthy people seeking rural second homes to investors looking for urban buy-to-let investment opportunities.
She stated that: “With prices in the UK going up, people are looking to invest in residential [property] in France.”
Southcombe added that “constant” rental demand was important for such investors.
“Cities like Paris, Lyon [and] Marseilles are getting a lot more interest than they did before,” she observed, with properties often available for under 100,000 (£69,300) and the French government looking to encourage more investment.
According to the June 2007 figures in the Global Property Guide, gross rental yields in Paris were 8.25 per cent compared with 5.79 per cent in London.
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