Paris top for European Investment

According to a recent report by PriceWaterhouseCoopers, Paris leads the way in terms of the property investment market. Investors rate Paris because it has high levels of return coupled with fairly low risk. The city as a whole is considered to be one of the most economically stable in Europe and it’s position means that it can be considered as one of Europe’s gateway cities. With a wealth of urban regeneration projects, it is currently tipped as one of the best places for foreign property investment.

400 leading international investors were interviewed for the report. Most of these property investors considered that buying some form of commercial property in the city – office, retail or industrial – would be a good property investment choice for the future.

This is the third year in a row that Paris has topped the property investment table. For those who feel Paris is not for them, Lyon, another French city, came in at number 5 on the table and is a credible lower cost alternative to investing in Paris.

The Office of Tourism have claimed than 27 million tourists visited Paris in 2006. Paris hotels have said that they have seen a large rise in occupancy, indicating that there is a growing need for affordable housing in the city. This could potentially be tapped into with leaseback schemes for both tourist and business properties.

Nicolas Sarkozy, the new President of France, has recently announced he wants to shake up current inheritance laws in the country, it could spark a mini property boom as the French are encouraged into home ownership – a perfect opportunity for investors to make good rental returns and capital growth.

It seems that if you are looking to invest in some of the more established economies in Europe, France is the place to buy.

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