eNewsWire

Frenchleasebacks.co.uk, a UK portal offering over 45 new build leaseback developments and fully managed buy to let homes in France has announced the launch today of a new service giving UK buyers access to high quality new build developments in France. The website will be limited to new build developments in Paris and the French Riviera which buyers can use as a second home or rent out on a buy to let basis.

The French property market has shown itself to be significantly more robust than the UK. Data on house price movements in France is published by the State regulated Notaries, as all property sales have to be conducted using a “Notaire”. The figures for the Paris region are indicative of the differing French and UK markets: Over the last quarter, prices rose by an average of 0.7%, whilst over 12 month, the rise was 4.4%. Over 5 years, values have increased by over two thirds.

Guy Stephenson, director, frenchleasebacks.co.uk explains, “We have seen a significant increase in enquiries for properties as buy to lets in France, usually from owners of leaseback properties who now have some experience of the market and its strengths. Particularly in high profile areas such as the French Riviera and Paris, we are seeing buyers set up properties for direct rental for the key summer market, then using the property for friends and family for the rest of the year”. Read more…