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Where To Invest In French Property 2014
French property has always had an enduring appeal to UK property investors. But after years of economic decline, is the country still a good bet for property investors? And if so where is the best place to invest in French property in 2014? Of course the age old truth about property investment is that if you buy in the capital city, you will always make money. The problem with this is, property prices in cities like Paris will rise faster than most other locations apart from the chic cities dotting the South of France. If you are looking for property for sale in France, Monaco will not net you much if any return on your investment. Rental yields will be poor because properties are just to darn expensive to make any money on rent. But if you happen to be super rich, there are few places better to live in the world. For most of us mere mortals looking at French property for sale, the reality will see us looking at less expensive parts of the country. Property in Normandy for example is a good buy and not too far way from the UK mainland if you are a British investor. The downside is the weather will not be as good year round as it is in the south of the country. If you really want to buy French property and make a profit in 2014 there really is only one place in France where you will be making money at the moment according to the FT. That location is guess where? That’s right the South of France and more specifically Biarritz. The price of property in Biarritz has risen by an average of 12 per cent over the past five years according to the FT. Part of the reason for this is scarcity of land to build on. Local authorities want to preserve the character of Biarritz so they have slapped preservation orders on 830 buildings of architectural and historical interest. Another reason says the FT is the arrival of professionals from Paris seeking a lifestyle change. As demand increases so has the price of apartments in the resort. The typical price is €3,000 per sq metre. For the best apartments with a sea view, that prices rises to an eye watering €8,600 per sq metre. At the same time as prices were rising in Biarritz, average prices in Monaco were plummeting 18.8 per cent according to Knight Frank. This was far worse than the national picture. The average price per square meter of property in France fell by 1.8% in 2013 due to the possibility of rising interest rates.