Holiday Lettings news - Paris tipped as top property investment city

Paris tipped as top property investment city

Paris has been named as the top investment market in Europe for 2007, beating off competition from London, Stockholm, Munich and Lyon.

Published by the Urban Landscape Institute in partnership with PricewaterhouseCoopers, the Emerging Trends in Real Estate Europe report for 2007 rates the French capital highly for both return prospects and low risk.

The report also pointed to the city's potential due to its status as a global gateway, the good urban regeneration currently underway as well as its economic stability and sustainability.

The report concluded that "Paris still has good prospects for the next two years."

Paris also emerged as a favourite destination for investors looking to buy property.

Of those questioned in the study, 54 per cent of respondents recommended buying office space in the city and 57 per cent recommended investing in retail property.

London was rated second to Paris as an investment market, with the report again citing the city's stability and minimal risk.

While shopping centres were cited as having the greatest return potentials, the report also said it expected hotels and residential properties to continue to produce high total returns in 2007.
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