Tuesday, August 21, 2007
Faster trains set to inflate Paris property market
A report earlier this year highlighted Paris' position as top city for property investment. The Emerging Trends in Real Estate® report by PricewaterhouseCoopers and the Urban Land Institute underlines the city's economic stability and sustainability, as well as placing Paris in first place for supply and demand balance. Unlike the UK, this balance means there's a good chance buyers will find the sort of property they're looking for, and sellers will typically not have long to wait when selling up. What's more, the plans of the new President, Nicolas Sarkozy, to provide tax breaks to encourage home ownership will surely have a positive impact on rent return and capital growth over the next few years.