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Monday, July 31, 2006 

Bulgaria Fails to Overshadow France as Buy-to-Let Destination

France is proving an attractive option for buy-to-let investors despite the emergence of strong investment markets in popular Eastern European countries such as Bulgaria and Croatia, according to a new report.

New figures from property investment specialists Assetz have shown that there has been an astounding 100 per cent increase in French sales since January 2006.

Particularly interesting is the high regard with which British buy-to-let property investors treat France, the experts comment.

"As our closest European neighbour, France has always proved a popular investment proposition due to its continuing leaseback scheme. The scheme offers investment opportunities in holiday rental properties without any of the associated market hassles while also allowing investors the possibility for corporate lets in chic French cities such as Paris and Strasbourg. And the quality offered by French properties is an advantage reflected right across the scale in the region's growth as a buy-to-let hotspot."

"Hard-nosed investors might want the higher returns of Bulgaria but they would not retire there. Quality destinations that offer an established infrastructure, culture and lifestyle, including excellent food and wine, continue to hold firm against their new competitors," says Stuart Law, Assetz managing director, as quoted by the company's on-line edition.

"Capital growth is slower in France compared to Bulgaria or Croatia, but the rental market is undeniably strong and reliable, underpinned by a tourist industry which sees 60 million people visit the country every year."

The property experts comment that France's popularity as a holiday home and retirement destination plus the considerable buy-to-let potential in the meantime has seen made it turn into a market favourite.

Source: Sofia News Agency

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