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Channelling investment

4th August 2008 | back to article listings BACK    print this article PRINT

Those looking to invest in France have had many reasons for doing so. Some love the sunshine and sea of the Cote D' Azur, others enjoy the wintersports offered by the Alps, while the wine-growing countryside and the romance of Paris have their many fans.

Of interest to those investing in property may be the growing trend for people to live in France and work in England. The Daily Telegraph reports that the better transport links between the countries is a reason for this, with the ease by which one can fly, take a ferry or hurtle through the eurotunnel improving.

The paper notes that those who have set up home in France include the governor of the Tower of London, Keith Cima. He said that being able to decamp across to Brittany at the weekend was a major lifestyle boost. He stated: "It is a lifeline of sanity in what can otherwise be a crowded and fast-moving life, quite apart from the quality of French schools, medicine, beaches and housing."

As well as Mr Cima and his wife, the paper gives other examples of people having made the adjustment, with the Channel tunnel or planes providing a quick escape from London or elsewhere in Britain. Those taking advantage of such a lifestyle are even able to make the most of the chance to buy goods in Britain that are not available in France, such as the case of one man who stocks up on new world wines.

In the meantime, Eurotunnel itself states that a single trip starts at £49, with those who are businessmen or otherwise needing the facilities being able to connect with wireless broadband internet and other devices to stay in touch as they hurtle under the sea.

For those investing in the north of France, it is clear that the market is there. For many, this could mean the opportunity to buy investment property and perhaps carry out improvements to it before selling it on to a willing British buyer seeking to escape the clamour of London.

Another reason why it may be easier to find a buyer for such a property in France is the cost of fuel. While headline after headline in the UK concentrates on the situation with rising oil and gas prices (the latter commodity now being imported through the Norwegian Langeled and Dutch BBL pipelines after self-sufficiency ended three years ago), France has avoided this problem due to its heavy reliance on Nuclear energy, VEF points out. This, it states, makes France a net exporter of electricity (including to Britain) with one of the lowest home energy costs in Europe. Another reason, perhaps, to flee across the Channel.

This is a press release by Assetz also available at http://press.assetz.co.uk/articles/4312.html. Alternatively, please see our full press release archive.

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