Paris property investment offers high returns and low risk for investors

Paris ’offers high returns and low risk’ for investors

12th July 2007
Paris is Europe’s top city for property investment, it has been revealed.

Research conducted recently by PricewaterhouseCoopers suggests that over the next two years Paris will offer landlords the best returns - while simultaneously minimising investment risk - in comparison with other metropolitan areas on the continent.

Moreover, property prices in the French capital remain affordable - while growth of 11 per cent has been recorded every year since 2001, prices remain 60 per cent cheaper than those in central London.

According to Property Frontiers, the attractiveness of accommodation in Paris is augmented by the fact that tenant demand is particularly strong.

"There is a severe shortage of rented accommodation, and the city is never short of prospective tenants," a company spokesperson proffered.

"The gross rental yield ranges from 4.5 per cent to eight per cent per year."

In order to secure an occupant, landlords are advised to purchase with either French workers or tourists in mind.

"When buying in Paris it is a good idea to choose a popular area - central locations appeal to local professionals, whilst tourists tend to opt for areas such as the Latin Quarter, or Montmartre," the spokesperson confirmed.

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© 7BestInvest Ltd 2007.