Looking for good returns on buy to let? Paris has overtaken Paris and Cannes is also an excellent location!Paris Rentals
In news that no doubt sent shivers down the spines of apartment hunters in Paris, rental prices in the city this year were tagged as the most expensive in the world. Paris leapfrogged ahead of London to win the double-edged accolade, according to the World Cities Review released last spring by the British real estate agency Savills. The average yield for rental properties in the French capital is around 4.5 percent, and various estimates put the average rent for an unfurnished one-bedroom apartment in the city center at about €1,500–€2,000 (about $1,975–$2,600) a month, depending on size and location. Another thriving rental property market in France is the festival town of Cannes, on the French Riviera, where prices almost match those in Paris. Indeed, a few areas of the glamorous Mediterranean resort put Parisian prices in the shade, with some waterfront properties commanding more than €38,000 per square meter, according to Savills. Cannes Attraction
Cannes, like Paris, is a magnet for tourists, receiving an astonishing 9.4 million visitors per year, according to the Institut National de la Statistique et des Etudes Economiques (INSEE). A good portion of those visitors are attending one of the scores of business conferences and conventions held in Cannes throughout the year. According to INSEE, one out of every five visitors to the Riviera is a businessman or woman on the job. Many choose one of the many grand hotels that line the seafront, but a large number rely on apartments and villas rented out on a short-term basis, and since the permanent population of the city is about 73,000, there are no legal barriers to short-term rentals of residential properties. Read more: Flying High in Paris and CannesVideo: Attractions of Cannes
In news that no doubt sent shivers down the spines of apartment hunters in Paris, rental prices in the city this year were tagged as the most expensive in the world. Paris leapfrogged ahead of London to win the double-edged accolade, according to the World Cities Review released last spring by the British real estate agency Savills. The average yield for rental properties in the French capital is around 4.5 percent, and various estimates put the average rent for an unfurnished one-bedroom apartment in the city center at about €1,500–€2,000 (about $1,975–$2,600) a month, depending on size and location. Another thriving rental property market in France is the festival town of Cannes, on the French Riviera, where prices almost match those in Paris. Indeed, a few areas of the glamorous Mediterranean resort put Parisian prices in the shade, with some waterfront properties commanding more than €38,000 per square meter, according to Savills. Cannes Attraction
Cannes, like Paris, is a magnet for tourists, receiving an astonishing 9.4 million visitors per year, according to the Institut National de la Statistique et des Etudes Economiques (INSEE). A good portion of those visitors are attending one of the scores of business conferences and conventions held in Cannes throughout the year. According to INSEE, one out of every five visitors to the Riviera is a businessman or woman on the job. Many choose one of the many grand hotels that line the seafront, but a large number rely on apartments and villas rented out on a short-term basis, and since the permanent population of the city is about 73,000, there are no legal barriers to short-term rentals of residential properties. Read more: Flying High in Paris and CannesVideo: Attractions of Cannes
No comments:
Post a Comment