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Buy-to-let in France booms - 16 January 2008

The buy-to-let market in the south of France is booming, according to Cluttons France.

Olivier Morvan of Cluttons France explained that there are many factors that could attract investors to the area, including the proximity of airports in which low-cost airlines operate.

Mr Morvane commented: “People may want to investigate opportunities for investing in university towns or places which attract tourists on short-term stays, such as Cannes or Antibes.

"If you want pure rental return, you would make use of the good tax advantages by the French government on buy-to-let schemes - that's very good," he commented.

According to data from the Office for National Statistics, France was the second-most popular destination for UK residents to visit within Europe in 2005.

Some 11.1 million visits were made to the country by Britons during that year.

 

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