Paris: the hot place for holiday lets

When a studio flat goes for nearly £300,000 in London’s Bethnal Green it’s enough to make you reach for a bottle of Chateau Lafitte, kick up your heels and curse into the bottom of your glass about the price of UK property. Take a glance across the channel to Paris though, and you will find that not only is the wine cheaper, but so too is the property.

When a studio flat goes for nearly £300,000 in London's Bethnal Green it's enough to make you reach for a bottle of Chateau Lafitte, kick up your heels and curse into the bottom of your glass about the price of UK property. Take a glance across the channel to Paris though, and you will find that not only is the wine cheaper, but so too is the property.

However, the attractions of conventional buy-to-lets in Paris are limited: yields are relatively low at 3.5% and tenancies are inflexible. But in the best locations, letting to tourists is "making a 6.2% yield, and that is after costs and with occupancy at 80%", Jean Phillipe Roux of estate agent Knight Frank told The Mail on Sunday.

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