Investors eye luscious loire

French property estate agents are reporting significant increase in demand for rental property in key locations within the Loire Valley...

According to France property portal VEF, towns such as Chateau-du-Loir, home to over 6,000 inhabitants, with many key businesses and associated infrastructure, are high on the list of desirable locations for tenants looking to rent.

A spokesperson for the company commented: "Over the past months there has been a significant increase in demand from investors looking to capitalise on the lower house prices and to buy homes suitable to rent out. This is not only French buyers but also buy-to-let investors from the UK.

"Many such properties have already got tenants in place on long term leases with yields ranging from 4% - 12% putting such an investment well above the interest rates that banks are now offering.

"Rental properties can be found for as little as 100,000 Euros. When the housing market gets back on track these investments will also see a capital growth as well as the annual rental returns".

Source: www. vefuk.co.uk