Why investors in France are not beached

Those looking at property investment in France have the luxury of a variety of different possible markets to serve. There are those who fancy commuting from Paris or other parts of the north to London via the Channel Tunnel. There are those who fancy a place among the famous vineyards. Alternatively, there those who seek the ski resorts in the Alps.

Then there is the south, with a strong market here for both migrants and holidaymakers, with the warmth and lifestyle of the Cote D’Azur a huge attraction. But it is also prime real estate, so investors looking for a bargain will have to look elsewhere.

Luckily, they will not have to venture too far, the Daily Telegraph reports. Those looking to land a beachfront property can acquire a two-bedroom apartment at Le Barcares, a fishing village just 20km from Perpignan in the Languedoc region.

The Languedoc region has a number of attractions to it, quite apart from the coast. It is still close to many of France’s most renowned wine-producing areas. It is not far from the Spanish Border, a potential attraction for holidaymakers hoping to make a short homage to Catalonia. Finally, the Pyrenees are close enough to interest mountain lovers.

Investors looking for a property in the south of France have some other good options as well, according to property advisor Penny Zoldan. Writing in French Property News, she recommended that investors should, when choosing between town and country, go for the latter. The reasons behind this, she stated, were that towns attract more workers, while some French people rent a house in a town while owning a rural property. Both contribute to high demand and push rents up, she said.

In addition to this, Ms Zoldan commented that many towns were investing in student accommodation, which is both cheap and enjoys good demand, while international investment could raise demand for housing.

Cities she said the latter trend could affects included several in the south, such as Montpellier and Marseille on the coast and Toulouse, which is further inland but nearer the Pyrenees. Ms Zoldan said these are cheaper than Paris and offer a choice between leaseback properties or those offering guaranteed rental return.

Investors in these places may find less of a tourist market than on the beach at Le Barcares but the potential of such locations indicates yet another segment in the varied French buy-to-let market.

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