South outperforming rest of France
Property in the south of France still consistently outperforms all other areas of the country in capital returns, a French property expert has claimed.
VEF property consultants emphasised that there are investment opportunities for foreign consumers at every level of the market in the southern regions of France, from small studios to larger lets.
Trish Mason, managing director of VEF, emphasised that properties in Auvergne, two hours drive from Lyon, were a particularly good investment.
She explained that some parts of France have been overdone and recommended that investors avoid "such places as Brittany and Dordogne".
"At whatever level investors look to enter the property market in the south, there is something of interest," enthused Mrs Mason.
"Apartments achieve good rental yield either for holiday lettings or for full time lets and larger properties remain in high demand for summer rental with weekly rents of 6,000 Euro and upwards," she added.
In other news, a Russian oil tycoon recently bought a house in the Cote d'Azure for 500 million Euros, making it the most expensive property in the world.
Overseas Property News posted on 21/08/2008 14:49:08
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