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Don't take a hike

29th August 2008 | back to article listings BACK    print this article PRINT

Those investing in French property will do so for many reasons and in each case the type of property may be crucial to the success of any investment. The ones who succeed will be the ones who learn what their markets are and cater for them.

Those looking to get involved in buy-to-let in the big cities may, as the founder and managing director of French property firm VEF, Trish Mason, said recently, find the best success is in getting an apartment and refurbishing it, as such properties are in short supply and high demand for young professional couples.

Similarly, those buying in the north of France will enjoy the greatest success among Britons wanting a getaway across the Channel when they invest in properties with access to the Eurostar. So the story continues for each region: in coastal tourist areas property near the best facilities for families and enjoying good airport access will do well. Those investing in the Alps may want to go where the tourist industry is not dependent just on the winter sports season, not least as global warming casts doubt on the reliability of snowfall.

For the Mediterranean island of Corsica, those investing may again be looking to research into the popular tourist traits and attractions, buying appropriately in response.

Lucy White, editor of the Rough Guide to Corsica, said that in many ways the island is a place with two markets. On the one hand, there is the top-end one: "Corsica is generally thought of as an expensive, luxurious getaway - especially in the south around
Porto-Vecchio and Bonifacio."

However, there is another aspect - one where strenuous activity takes centre stage.

She stated: "However, it's also an active place, as it's home to the GR20 - a strenuous, serious hike that takes around 15 days to complete."

"As a result of this, accommodation on the island is obliged to cater for walkers, hence a large number of gites d' etapes, refuges and camping."

This sector of the tourist industry does not fit the bill for buy-to-let as the visitors in question are more mobile, so many could choose to concentrate on the Porto-Vecchio and Bonifacio sector. On the other hand, there are other, less itinerant leisure activities, as Ms White explained: "You can also enjoy canyoning, horse riding and mountain biking and the popular Via Ferrata - a climbing area complete with cables, ladder climbs and monkey bridges." Many visitors could establish a fixed base before venturing forth on these sports.

So while Corsica is undoubtedly a tourist hotspot, those looking to invest in property for rent on the island may need to look closely at the sort of tourist they are trying to attract and buy accordingly.

This is a press release by Assetz also available at http://press.assetz.co.uk/articles/4352.html. Alternatively, please see our full press release archive.

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