PARIS NEXT CITY TO ATTRACT OVERSEAS PROPERTY INVESTMENT

     

Much has been said about London’s prime property market attracting foreign buyers but now Paris is being discussed as being discussed as being discussed as being just as interesting for overseas investors. Propertywire.com reports. Overseas investors are regarding Paris as having highly competitive real estate price due to the weaker Euro, according to the latest report from property agents VINGT Paris. For example, using current exchange rates a UK investor could save up to 40 per cent on the average Paris Property, as the pound’s strength would see a E700,000 home cost E510,000. According to figures from the report, Paris is second only to London as Europe’s most attractive destination for Foreign Direct Investment, with 66.7 per cent of Paris property currently owned by overseas investors.