Paris prices rising faster than anywhere in the world!Luxury property prices are rising faster in Paris than anywhere else in the world. The value of apartments and houses valued at € Euro2 million or more in the French capital rose 22 per cent over the past twelve months research from Knight Frank estate agency shows.
These rises are due in part to investors from the BRIC nations ploughing money into Paris which they consider a safe haven in uncertain economic times. A limited number of properties available for sale mean bidding is strong, pushing up prices further.
Limited supply is a key feature of the Paris housing market - strict planning controls makes building brand new homes in the sought-after central arrondissements almost impossible, so refurbishing existing properties is the key source of supply for the city's luxury housing market.
Rental returnsWith the first year's mortgage paid by the developer and a rental agreement in place from the date of completion, you will be cash positive on these properties and building up equity.
From the first day of owning this property you will have 15% instant equity of €30,000+ and have saved 5%/9% on buying costs worth €10,000/€18,000 (based on a property at €195,000).
The PropertiesTwo developments have already been built and the flats are available now. The other development will be completed in 2013 and the flats can be bought off plan now.
1. Pontault Combault, South East ParisProperty detailsThis completed development has 200 units, of which 95% are occupied by residential and buy-to-let tenants. We have 9 units available exclusively to us.
- Apartments with balconies, private gardens, basement parking with elevator
- 12 miles to the centre of Paris, 8 miles to Disneyland Paris
- 8 miles from Paris Orly airport, 15 miles from Charles de Gaulle airport
- 1 mile to Paris East university
- 3 golf courses within 3 miles
- 1 mile from Forest Domainiale de Notre Dame
- 2 miles from the A4 which leads directly to the centre of Paris
Investment features- 2 bed apartments priced between €195,000 - €380,000.
- 15% supported deposit/equity provided, 85% loan to value mortgages
- All closing costs, fees and taxes covered/paid
- 2 years mortgage paid by us for peace of mind. There will be a rental agreement in place for when your property goes to deeds, and will cover as per attached
- Management team established over 20 years in place to manage and rent out
- Low entry cost of £1,650 per unit in regards to commitment fee only - excellent in regards to one of the world's best and visited capitals
2. Vigneux-sur-Seine, South ParisProperty detailsThere are 10 units available exclusively to us in this completed development.
The apartments are located in a residence consisting of two buildings of three floors each with elegant architecture. The apartments feature terraces, balconies, private and communal gardens.
- 11 miles to the centre of Paris
- 2 miles from Paris Orly airport
- 16 miles to Disneyland Paris
- 1 mile from the river Seine
- 1 mile to the Forest domaniale de Senart
- 4 golf courses within 4 miles
- Less than a mile from the N6 which leads directly to the centre of Paris
Investment features- 2 bed apartments priced between €195,000 - €380,000
- 15% supported deposit/equity provided, 85% loan to value mortgages
- All closing costs, fees and taxes covered/paid
- 2 years mortgage paid by us for peace of mind. There will be a rental agreement in place for when your property goes to deeds, and will cover as per attached
- Management team established over 20 years in place to manage and rent out
- Low entry cost of £1,650 per unit in regards to commitment fee only - excellent in regards to one of the world's best and visited capitals
MortgagesTo fit the bank's criteria, you will need to have a good credit rating and own a property.
Contact us to have a chat so you can see if you fit the bank's mortgage criteria.
We look forward to hearing from you!
Work in the UK, live in Paris!Living in France whilst maintaining a job in the UK is a realistic option. Approximately 20 per cent of people moving to France plan to continue working in the UK. The improved Eurostar service, has already fuelled increased interest in buying properties in France, reports HiFX. In its latest global property hotspots survey, the currency specialist reveals interest in France has increased and attributes this to the growing numbers of international commuters. According to think-tank Future Forum, a total 1.5 million people will work in Britain while living in another country by 2020.
Property prices in France are around 30 per cent lower than those in the UK, according to French property expert VEF. The Pas de Calais region in northern France, which is now even closer
){kind=link}