Property specialist offers encouragement for French market

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A leading property specialist has described the French property market as likely to be in for a “positive future”.

Trevor Leggett, from Leggett Immobilier, has suggested that global property investors are increasingly likely to view the country as a secure option in an unstable market.

“In troubled times owners and investors seek ‘safe havens’ and they simply don’t come more secure or enjoyable than France,” suggested Leggett.

The news follows a report by BNP Paribas Real Estate suggesting that global property investors are taking a significant interest in the French retail property market has alerted corporations around the world.

A number of established fashion brands have increased their representation on French high streets, and anyone involved in this industry may wish to think about the merits of relocating to the area now to take advantage of the tangible potential for growth.

“Retail has been particularly attractive to investors in France thanks to the resilience of household consumption,” according to the report.

The report also highlighted that rents on the Avenue des Champs-Elysees are currently higher than the rest of Europe’s prime shopping locations. They are estimated to stand currently at £9,401 (€11,000) per square metre, per year.

That figure exceeds Oxford Street rental prices by over €2,000. The French capital is clearly the place to consider relocating if your company is in need of some sustained growth.

Transferring money to France

If you are looking to invest in France, think carefully about how you will be transferring money to France. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to France – which you will inevitably have to do if you are looking to make a property investment - be sure to compare the market before you buy your overseas currency. It could be the difference between a good deal and a disastrous one.

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Property specialist offers encouragement for French market

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