Brittany & the TGV

French cities have recently topped the tables for the European property development market however high prices in these cities mean that some property investors are unable to get a foothold on the French investment property ladder.

The new TGV East service has recently opened, slicing travel times between Paris and Strasbourg in half. Experts around the area have said they have seen the effects in Strasbourg and the en-route towns of Reims and Colmar already with property prices beginning to rise.

With this information in mind, it is expected that when the TGV network in Brittany is upgraded, similar effects will be seen in the town. In particular, the Brittany port of Lorient is particularly expected to benefit by the improvements to the service which should come into full effect in about five years time.

Buying now while the market is still quiet looks like a safe bet. If you aren’t quite ready to buy, there are a number of leaseback opportunities throughout the region with differing contract lengths. Annual yields are expected at around 3-4% however some experts believe that the true yields may be much higher as the effects of the TGV improvements hit.

Brittany has a wide range of property on offer which should suit most tastes. There are new apartments a short walk from the beach starting from around 150,000 Euros. There are also a large number of older properties – both modernized and renovated, or in need of some TLC – scattered around the region. With the sea and some glorious beaches nearby, as well as a nearby busy airport, rental around the area is good.

Investment early here is the key as property is relatively cheap now and expected to rise sharply in the next few years giving an excellent return on investment.

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