Landlords 'could consider Parisian property'

News Category: Industry News

More adventurous UK landlords could consider expanding their portfolios with new properties in Paris, an industry expert has claimed.

Paul Collins, the overseas editor of the BuyAssociation, said that the number of international students in Paris made it a lucrative place for landlords to invest in rental properties.

In addition, the city's appeal as a tourist destination means that landlords can minimise void periods on their properties by renting them out over the summer months.

Furthermore, the French city offers good capital growth for landlords. Figures published in the Economist recently suggest that the French property market grew by 87 per cent between 1997 and 2005.

Mr Collins added: "I think as buy-to-let investors begin to look at different areas, they start to look at different markets that they can market to.

"One of those [markets] is students. We've seen it in Spain, with students going to Valencia, and I think Paris is quite a good place for that because it attracts students from all over the world.

"You've also got the advantage that you do tend to get probably a nine-month let on that property and then in the summer you can rent it out for shorter periods to the tourists."

Recently, the Mortgage Trust revealed that many UK landlords are actively looking to expand their portfolio of property.

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