French charm offensive paying off

Released on = April 27, 2007, 10:49 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = Investors who have been keeping an eye on the foreign
property market news of late - and particularly news from Europe - will have noticed
that commentators are advising them to avoid some of the places previously
considered \"investment hotspots\". Spain, for instance, has seen rising prices in
recent years that has made it increasingly difficult for British property investors
to snap up a bargain.

Press Release Body = Investors who have been keeping an eye on the foreign property
market news of late - and particularly news from Europe - will have noticed that
commentators are advising them to avoid some of the places previously considered
\"investment hotspots\". Spain, for instance, has seen rising prices in recent years
that has made it increasingly difficult for British property investors to snap up a
bargain.

Similarly, parts of eastern Europe were much vaunted in the last few years as places
where the canny investor could make a killing. While it is true that countries such
as Bulgaria enjoy good weather and have plenty of tourist-friendly attractions -
such as long, clean beaches - the fact is that the holiday market in this and other
former eastern bloc countries is as yet undeveloped, meaning that the buy-to-let
investor for one cannot rely on a steady stream of income from holidaymakers.

At the same time, locals have been quick to react to the influx of foreign
investment by raising property prices themselves. While this initial fed fuel to
reports of property prices tripling in the space of a year, it has turned into
something that makes an eastern European investment prohibitive for many investors,
who do not want to pay an artificially high price for something that they cannot
guarantee will be rented out year-round - or resold for a healthy profit in years to
come.

One country that is attracting more interest of late is France. Recently declared
the nation with the best quality of life in the world by International Living
magazine, France is also benefiting from laws that allow foreign investors to avoid
paying VAT on their purchase if they do not resell the property for 11 years. A
further advantage of buying a property in France is that it can be let out to a
management company who will guarantee a steady year-round income. Although the rate
they pay will be below full market value at peak times, this is offset by the fact
that the property will still be generating income in the off-season.

Potential investors may also be interested to learn that France has recently gone on
a \"charm offensive\" in attempting to sell the attractions of a French holiday to
foreigners that may not have previously considered a vacation there, thus expanding
the tourist base. In Japan, the French government tourist office - known as Maison
de la France - is running a campaign alongside iconic French companies such as
Peugeot and winemakers from the Cotes du Rhone. Japanese tourists are being tempted
withy the tagline \"A treat for me: the French lifestyle\".

Tourists from the Middle East are also being targeted in a sustained campaign called
the France Travel Road Show. Passing through Kuwait, the road show will also take in
countries such as Egypt, Syria, Lebanon and Jordan in an effort to show the
attractions of France to people that may never have considered them before.

Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com

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