New Central Paris property investment opportunity

The city of Paris is one of Europe’s most reliable investment locations with annual property price growth in 2007 reaching 9%. As an investment location it continues to offer the prospect of solid annual price growth. Rental demand in Paris is also strong, albeit with fairly low rental returns.

Pierre & Vacances – Europe’s leading leaseback developer and management company – are now providing investors with the opportunity to invest in residential apartments in Central Paris courtesy of their new leaseback investment property – Paris Bastille Marais. Located close to the Place de la Bastille and Opera Bastille in arrondisement 12, Paris Bastille Marais is a 136-room Paris apartment block covering 7 floors. 50 of the 136 apartments are now released for sale. Prices start at 245,000 Euros for studio apartments. One-bed apartments are also available up to a maximum of 485,000 euros.

The Paris Bastille Marais apartments are available as freehold leaseback investments. The French leaseback structure means that apartments are purchased freehold and then leased or rented back to the management company – Pierre & Vacances – for a period of 9 years. During the leaseback term the apartment owner receives a guaranteed rental return, equivalent to 4% of the price paid, index-linked. Rental payments are made on a quarterly basis and the 4% is net of all management costs. At 4% guaranteed return, these apartments will provide ongoing income that is currently above the average Parisian rental rate.

Paris Bastille Marais is a hassle-free hands-off investment opportunity that is virtually guaranteed to bring long-term capital growth, and strong short-term rental income.

For details of these Central Paris leaseback investment apartments contact www.propertymagnate.com or tel: + 44 (0) 1525 635191

Technorati Tags: apartments, investment, leaseback, paris, property

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