U.S. citizens should consider adding French real estate to their portfolio for its increased returns and reduced overall risk.
Paris, France (PRWEB) August 22, 2007
With Nicolas Sarkozy taking over the French presidency and instituting several new property tax incentives, forecasters are predicting a major property boom. To encourage U.S. property owners looking for secure investments overseas, Propriété Direct France, marketer for the largest property developers in France, has launched a new Web site, http://www.pdfinvest.com. The new site, geared toward the U.S. market, guides readers as to why now is the best time to invest in turn-key overseas real estate in the French market and provides information about seminars held in the United States. Propriété Direct France also plans to increase the number of U.S. seminars to continuously inform potential buyers.
"The availability of low-cost finance and guaranteed rentals in France, combined with the security of the French legal system, property titles and professional help for completing and managing the purchase is why increasing numbers of U.S. investors are purchasing buy-to-let real estate in France to diversify their portfolios," said Danny Silver, renowned licensed professional expert and Propriété Direct France marketing representative. "U.S. citizens should consider adding French real estate to their portfolio for its increased returns and reduced overall risk."
According to the U.S. government and the law offices of the United Nations and European Union, France is the safest country in the world for investing in property. In addition, it is the only country that has guaranteed rents fully backed by the government. Currently, the guaranteed rental return on long-term, unfinished rentals averages 6 percent per annum, based on purchase price, 30 percent on risk.
According to French law, in order to acquire all new build properties for investment (income producing/buy-to-let), a person must either attend a meeting or seminar with a French-licensed expert or first visit the property/development site. Propriété Direct France now offers free educational seminars throughout the United States to small groups of investors who want to receive first-hand information and in-depth answers. At these seminars, Silver provides attendees information about non-recourse mortgages, maximum capital growth and guaranteed rental income.
Propriété Direct France's new Web site offers information and links to properties for sale in Paris, Marseille, Toulouse, Bordeaux, Lyon and Cote D'Azur. The company has specially selected properties in these areas that meet the criteria for best rental return and capital appreciation, as well as those that will meet the investor's expectations.
Investing in the French real estate market has several other benefits in addition to security and high returns. French mortgages are non-recourse, meaning that each property in France is its own entity in respect of tax, mortgage and inheritance. In addition, French mortgages do not affect credit rating/points in the mortgage holder's home country. During the entire rental period, owners receive guaranteed initial rental, a guaranteed regular income, coverage against rent default and coverage against damage to a property caused by a tenant.
Mortgages in France are available to private individuals only, not to business entities, trusts or professional property/real estate investors.
For more information about investing in the French real estate market, or for information on Propriété Direct France and its seminars held in the United States, visit http://www.pdfinvest.com.
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