French investment in Paris recommended

A new survey has suggested that now could be a good time for French property investment, particularly in and around the capital, Paris.

According to figures from France's National Institute for Statistics and Economic Studies, the area saw a huge boom in tourism last year.

This bodes well for anyone considering buying French property to rent out as millions will be seeking accommodation in the city.

Tourists flock to the French capital

The figures showed that hotels were receiving 3.9 per cent more people than the year before and that many more were looking for places to stay.

Paris has always been an ideal spot for tourists to flock to thanks to its huge range of attractions including galleries, exhibition centres, theatres and restaurants.

Investors attracted to Paris

It seems that firms are also keen to maintain their links with the thriving centre with a 14.9 million business tourists in 2005.

Investors are also attracted by the low management costs and almost guaranteed returns on any property which they rent out.

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French investment in Paris recommended