Paris property still hot

THE Parisian property market has been described in a report as the place to be for investors keen to see strong returns.

A study of the European property market by the Urban Land Institute (ULI) and PricewaterhouseCoopers highlighted Paris as the place offering the most attractive prospects.

“The shine is unlikely to come off investors’ views about the Paris market in 2006,” claimed the Emerging Trends report.

“In this capital-rich, product-poor property environment, the city also gets top marks for its size and liquidity.”

But this confidence in Paris had seen prices rise and so impact on yields, resulting in some investors looking elsewhere in France, for example, Lyon.