Buy-to-let investors tapping into France's never-ending tourism appeal should choose their letting property with the demographic of the region's visitors in mind, according to an expert.
July 23, 2007 (Press Release) --
Buy-to-let investors tapping into France's never-ending tourism appeal should choose their letting property with the demographic of the region's visitors in mind, according to an expert.
The managing director of short-term rental portal Holiday Lettings, Ross Elder, said landlords owning property in France can make money from letting their homes if they go about it in a savvy way.
"House prices are increasing in France, but as long as the investor purchases and furnishes a property to meet the demographic of the visitors to that location, there should be potential for attracting holidaymakers and achieving a return on investment," he commented.
According to Holiday Lettings and RightmoveOverseas, another portal under the Rightmove umbrella, southern France is increasingly gaining in popularity among investors and holidaymakers.
With its "scorching summers" and a "cosmopolitan lifestyle", according to the websites, the south of France is emerging as a hotspot. Holidaymakers visiting the area are increasingly interested in apartments, penthouses and studios in coastal developments.
Rental prices in France "reflect the popularity and status of the destination", according to RightmoveOverseas head Justin Figgins. His comments echo those of Cluttons France spokesperson Olivier Morvan, who noted last week that the French Riviera - in the country's south-east - has a certain "prestige" for investors and visitors alike.
He said those retiring to France come to the region from all over Europe and that they are typically financially well-off. According to Mr Morvan, the majority of these property investors are in their mid-50s and have their mortgages repaid. "They decide to scale down on what they have in the UK, but they keep a little apartment at home for security," he added.
The Holiday Lettings survey states potential emigrants are also being attracted to the Languedoc-Roussillon region, where they can sample a taste of traditional French life while enjoying high accessibility to the UK and the rest of Europe with the airports of Perpignan and Montpellier nearby.
Those considering buying property in Languedoc-Roussillon can, to an extent, choose the level of activity from holidaymakers they would like around them. Buy-to-let investors might prefer to purchase in towns featuring Blue Flag beaches, which have high numbers of visitors year-round. For second home buyers or those purchasing a retirement property, Cap d'Agde or the smaller resort towns of Gruissan may be more desirable.
The bottom line is that France still offers good value for the property investor, whether buying as a second home, a retirement place in the sun or pure investment. New president Nicolas Sarkozy is introducing various initiatives which experts believe will prove beneficial to the property market.
RightmoveOverseas' Mr Figgins said the changes introduced by Mr Sarkozy will be beneficial to British buyers. And as the new regulations will only come into effect
The managing director of short-term rental portal Holiday Lettings, Ross Elder, said landlords owning property in France can make money from letting their homes if they go about it in a savvy way.
"House prices are increasing in France, but as long as the investor purchases and furnishes a property to meet the demographic of the visitors to that location, there should be potential for attracting holidaymakers and achieving a return on investment," he commented.
According to Holiday Lettings and RightmoveOverseas, another portal under the Rightmove umbrella, southern France is increasingly gaining in popularity among investors and holidaymakers.
With its "scorching summers" and a "cosmopolitan lifestyle", according to the websites, the south of France is emerging as a hotspot. Holidaymakers visiting the area are increasingly interested in apartments, penthouses and studios in coastal developments.
Rental prices in France "reflect the popularity and status of the destination", according to RightmoveOverseas head Justin Figgins. His comments echo those of Cluttons France spokesperson Olivier Morvan, who noted last week that the French Riviera - in the country's south-east - has a certain "prestige" for investors and visitors alike.
He said those retiring to France come to the region from all over Europe and that they are typically financially well-off. According to Mr Morvan, the majority of these property investors are in their mid-50s and have their mortgages repaid. "They decide to scale down on what they have in the UK, but they keep a little apartment at home for security," he added.
The Holiday Lettings survey states potential emigrants are also being attracted to the Languedoc-Roussillon region, where they can sample a taste of traditional French life while enjoying high accessibility to the UK and the rest of Europe with the airports of Perpignan and Montpellier nearby.
Those considering buying property in Languedoc-Roussillon can, to an extent, choose the level of activity from holidaymakers they would like around them. Buy-to-let investors might prefer to purchase in towns featuring Blue Flag beaches, which have high numbers of visitors year-round. For second home buyers or those purchasing a retirement property, Cap d'Agde or the smaller resort towns of Gruissan may be more desirable.
The bottom line is that France still offers good value for the property investor, whether buying as a second home, a retirement place in the sun or pure investment. New president Nicolas Sarkozy is introducing various initiatives which experts believe will prove beneficial to the property market.
RightmoveOverseas' Mr Figgins said the changes introduced by Mr Sarkozy will be beneficial to British buyers. And as the new regulations will only come into effect
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