Author Bio: Derek Grimshaw has 35 years of Experience in UK Property as a chartered surveyor, mainly based in London. He set up the ‘Agence Maison René Ltd’ a french property agency in July 2000. The Agency has a rapidly expanding web site currently standing at some 450 properties offering prospective purchasers a wide range of choice.
Well there are ‘N’ no. reason for UK citizens to invest in french property. As the economic situation is getting favorable week by week it is right time to invest. France provides a stable political climate, a beneficial market to invest, round the year tourist locations and huge returns on investment in both resale and rental properties. Moreover UK and France share the double tax treaty which allows the person to pay tax only once on his earnings. Some of the favorable reasons for buying property in France are
- The Property prices in France are relatively low when compared to most European Countries.
- France has a big requirement for good rental apartments/houses on a long term basis. The percentage of people who rent property as opposed to those who purchase property is much higher in France than in UK. Thus the long term residential property price growth in France is approximately 10 percent per annum with a respectable net rental yield summing up to 8-10% of the investment.
- France rely more on its residents on investment in property (95%) who constantly purchase holiday or permanent accommodation. Thus France has a rigorous buying going on, a protective legal system and a wonderful resale market.
- France is providing 100% finance for foreigners with mortgage rates about 4% and low Euro interest rates. Government backed “leaseback” Investment property with guaranteed yields up to 5.5% and full VAT refund of 19.6%. French Law allows all costs including mortgages to be settled against rental income which reduces the amount of actual tax paying.
- The Capital gains tax on housing rentals has been halved to 16% and can be exempted if the bearer holds the property for more than 15 yrs.
- It is the most visited tourist location in World with constantly emerging tourist market demanding fresh supply of new tourist accommodations.
- Property investment in France is provides opportunity to enjoy the cosmopolitan atmosphere, culture, lifestyle, french food and wine etc. in holidays and earning rent from the property rest of the time.
Thus France is a land for investment in Property these days especially for the UK citizens.
For those who want to buy investment properties or buy to ‘Let In’ in France visit http://www.amr4france.co.uk/
- Related Videos
- Related Articles
- Ask / Related Q&A
- Cheap French Property for Sale - are There Any Left?
- Buying Process for a French Property
- Identifying Genuine French Property for Sale, or Property for Sale in France
- Buying and Letting Your French Property Investment
- The Sextant French Property Service
- Buying French Property Think Loire Valley
- Ski Property Investments In The French Alps
- Property in France - Guide to Buying a Property in France
REIWIRED: Details to Know About Wholesaling Houses
By: Daniel Mc Grey | 08/01/2010Some businesses fail because their owners missed minor details about the venture. Details indeed are powerful because they can make or break success stories. In the case of wholesaling houses, there are details you can skip.
REIwired: Famous Fallacies About Flipping Houses
By: Daniel Mc Grey | 08/01/2010For every business, there’s always a set of fallacies surrounding it. In the case of flipping houses, there are many false beliefs that have discouraged prospective investors.
REIWIRED: Flipping Houses Made Easy For Beginners
By: Daniel Mc Grey | 08/01/2010If you are planning of flipping houses to earn more income, there are a few things that you need to keep in mind before you make the leap. First and foremost, it is very important that you have enough capital necessary to get the whole project moving.
REIWIRED: How to Make Your Fix and Flip Project a House to Die For
By: Daniel Mc Grey | 08/01/2010The formula to making huge money when you fix and flip a property is to beef up its curb appeal. After all, who in their right mind would buy and live in a house that looks like it came straight from a horror movie?
Real Estate Investing Guide For Beginners
By: Daniel Mc Grey | 08/01/2010Real estate investing is turning into a hot trend today especially for people who want to earn extra income. Today seems to be a good time for real estate investing. Interest rates have been dropping and pose a huge potential of dropping even further.
REIWIRED: 5 Things You Can Do To Lower Your Risks When Rehabbing A Home
By: Daniel Mc Grey | 08/01/2010Many are convinced to get into the rehabbing business. Rehabbing a home can be very lucrative. However, before you make any final decision, it is very important that you know some tips, which will help you, lower your risks when doing the business.
Rehab-Real-Estate | Rehabbing a House: Kitchen and Bathrooms
By: Daniel Mc Grey | 08/01/2010Rehabbing a house shouldn’t be a pain in the neck. In fact, it is a highly enjoyable and exciting task because you get to experience firsthand the joys of transforming an ugly house into a thing of beauty. You can also earn a lot of money while doing the job you like the most.
REIWIRED | The Pros And Cons Of Rehabbing Properties
By: Daniel Mc Grey | 08/01/2010Many are encouraged to get into the rehabbing business today. This real estate venture has proven to be very lucrative despite the financial crises that the world is experiencing today.