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IMPORTANT
According to French Law, in order to acquire all new build properties for investment (income producing/buy-to-let), a person must:
Don't miss a special Presentation by Danny Silver, a resident licensed commercialization expert from Paris, France and a marketing representative for the "commercialization" offices of France's leading housing developers.
Danny gives presentations throughout the U.S. where individuals can learn the in-depth details on this powerful and rewarding investment strategy. You can have the opportunity to obtain first-hand information and precise answers to all of your questions about buying property abroad from a renowned expert in a small group setting.
At the Presentation you will find out:
IMPORTANT: Investing in income property is not a “get rich quick scheme”. It’s an investment strategy that enables the wise investor to obtain an above average, steady growth of wealth in the medium to long term. However, you can sell your investment and take your current profit at any time and without any penalty!
The rental market in most areas of France is suffering a great shortage of rental accommodation and getting worse. Propriété “Direct” France (PDF) have carefully selected developments in areas that are in great demand from tenants. It is worth noting, that as in all countries/cities the very best rental return comes from the suburbs and commuter areas which are close to and suitable for business/work. Priority must be given to transport, shops, schools, community etc.
Where to invest in Europe?
According to the OECD (EU economic committee) the top order is France; UK; Spain; Finland. People are advertising the "new countries" like Bulgaria and Romania. However; these countries are only coming in on "probation"; especially because of Bulgaria' s bureaucratic corruption. This summer has seen a big drop in summer tourism to "new spots" and as always France, Spain and Portugal comes out tops.
France's boom is making French life even more wonderful - the "feel good" factor; according to all the news data - is the best in 25 years!! Official figures give the housing shortage for September as 800.000 units! As an example - new build start up in Toulouse for 2007 will be approx. 2600 units for the year, but 1000 people PER MONTH are moving into the area - you figure how home prices are moving!
While the center of Paris is a delight, property prices are so high that only a minimum percentage yield on rental is achieved.While theCote d’Azur “holiday property”, (beachfront; pool; gardens & parks etc) are ideal for living, holidays, retirement and “seasonal rentals”, they do not normally produce good, reliable, long-term rental incomes. It is wise to look at potential investment income property through the eyes of a competent rental management company.
NON-RECOURSE MORTGAGES!
French mortgages are totally non-recourse and do not affect your credit rating/points in your home country! 80% mortgages are obtainable through all the major banks/lenders. Interest rates are currently between 2.7% and 3.2% (as of 10/05).
The Finest Way To Achieve Maximum
Capital Growth And
“Guaranteed rental income”
(buy-to-let), began in France in 1964 and government
statistics show over 1 million people have invested in
the 40 years since its inception.
This is one of the apartments under construction in Marseille.
Propriété “Direct” France (PDF) holds small and informal seminars with licensed experts from France who carefully and fully explain all the details and legalities that make the French investment market totally unique. You may view a full selection of developments that are ideal for investment income in PARIS, COTE D’AZUR, MARSEILLES, SOUTH WEST FRANCE at www.own2invest.com. For your interest - you may also view a full range of vacation, residential and retirement properties at www.pdfparis.com
The properties listed on www.own2invest.com are guaranteed income. This means that you will receive the following GUARANTEES ON THESE PROPERTIES FOR THE ENTIRE PERIOD YOU RENT OUT YOUR PROPERTY:
It is always best to invest in a
new-build as early in the
Published market values/figures have consistantly shown that while development is under construction the capital value of the property increases by approximately 6% per annum over normal capital growth!! This is influenced by the fact that the tax/notaire/legal fees, (“closing costs”), on new build is fixed by law at 2.5%, while on old build it averages 15%.
Port St. Louis is now being redeveloped.
Port-Saint-Louis-du-Rhône, in the estuary of the river Rhône, also called "the town at the end of the world" is a destination for all european cruising yachtmen. It’s the last marina/port to be re-developed in the South of France. This ancient port on the Mediterranean and the River Rhone is being turned into a centre of business, leisure and tourism by the French government. Work has already begun and will carry on for the next few years bringing in large amounts of people to work, live and retire. Add to this the big growth in tourism - which is already plentiful - it’s easy to see the enormous potential in of this unique location. Although the port has just begun renovation - there is already a 5 year waiting list for berths! Note - All of the available apartments in Port St. Louis have now been sold! Don't wait until the next development sells out - get in on the excitement now before it's to late!!
South West France Without doubt the South West of France is the biggest business, cultural and living growth area in Europe - with absolutely no foreseeable slowdown to its expanding growth. Apart from the large aerospace businesses, hi-tech expands everywhere; as does all other business. Add to this the fact that many French people are moving back into the country areas for better living and certainly in this area - better weather! Add to this the universities and colleges in Toulouse, Montpellier etc... All the major cities and towns are experiencing this phenomenal growth - Toulouse; Perpignan; Beziers; Montpellier; Nimes…
A summary of an article about the continuing growth of the region published by INSEE, (Ministry of Economy), on January 25, 2005 informs us that; The rapid population growth in this area is due to; 1. Lowest Death Rate in Europe/West. 2. Highest Birth Rate in Europe/West. 3. Strong immigration from mostly North European countries. Very strong population migration from North to South-West. For example; Paris population in 1946 was 2.9 million by the end of 2003 it was 2.125 million.
Property for buying and renting is in extremely short supply and new build start up is very far behind demand. A recent newspaper article from the Chambre de Notaires states that “for the last few years 2000 new homes per year have been built and 1000 new people moving to the area per month”! Rental property is also in short supply due to some local government regulations forbidding developers to sell more than 20% to 30% of a development to investors. The reason given is they like people to move to the area in a permanent basis.
The advantages for investors in this area are excellent. Apartments are of a good size and more reasonably priced than say Paris, Cote d’Azur, Marseilles and other large city/areas - however rental income is lower, but the rental income/return is the same percentage as the above areas…
Official figures, (published 1/12/04) for year on year to end October 2004 show property prices increased on average by 24% in the area. 2005 provisonal figures shows same as 2004!! Rents rose by over 8% due to the tremendous shortage in rental property. (Source : Chambers of Notaires and Commerce / FNAIM)
Articles Spain and France back on top of foreign property market - Dec. 2006 French Economy surprises with second-quarter jump - Aug. 2006 Lies and false promises weaken industry foundations
Jeff Petracco Wealth Builders 13498 Walsingham Rd Largo, FL 33774 E-Mail: jeff@reea.com Website: www.reea.com
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