TheMoveChannel.com, the leading international property portal, announces a number of new French property opportunities in Toulouse:
– Buy to Let flats (from £154,110, 2 to 3 beds, new build, 6% rent return, 80% mortgage
– Les Maraichers (from £84,370, studios to 5 bed apartments, high capital growth predicted)
Properties in France may not be an investment opportunity UK investors have considered in the past, so TheMoveChannel.com provides an overview of Krakow and its culture.
Setting the Scene
Located in southwest France between the Atlantic and Mediterranean Ocean on the banks of the Garonne River, Toulouse is the capital of the Midi-Pyrénées region and is the fourth-largest metropolitan area in France and one of the fastest growing in Europe.
This cosmopolitan city, known as the “Ville Rose,†(meaning “Pink Cityâ€) after its red brick buildings, has one foot entrenched in the past with a rich and diverse cultural heritage that blends superbly with its modern industries and friendly, forward thinking people.
Major Industries
Toulouse is an industrial and university town with one of the oldest universities in Europe, founded in 1229. The main industries are biotechnology, high tech research and development and aerospace.
Toulouse is the headquarters of Airbus, (the largest space centre in Europe) Toulouse Space Centre (CST), Galileo positioning system, the SPOT satellite system, Thales Alenia Space, the largest satellite manufacturer in Europe, and EADS Astrium Satellites.
In 2006, Toulouse ranked the third most dynamic city in the world according to Newsweek.
Toulouse Lifestyle
Toulouse is a cultural city with a small town spirit combined with everything a big city has to offer.
It boasts many cathedrals, theatres and a proud operatic tradition. However, it is also a modern city with a commercial side dominated by high-tech industries.
It has a shopping district with a good selection of designer brands and many cafes that spill out onto the streets. The local markets are bursting with products from the region, which is well known for its gastronomy including wine, foie gras, cheeses and cassoulet, which is a delicious pork and bean stew.
Toulouse hosts many events and festivals throughout the year with music and entertainment high on the agenda. This city is said to be the French centre of sport with rugby and football the two most popularly.
Capital Comparison
Paris is a major global city and one of the world’s forerunners in business, the arts, politics, education, science, fashion and entertainment. The urban area of Paris has the highest GDP in Europe and the fifth highest in the world, according to figures from PricewaterhouseCoopers.
As one of the largest cities in France, Toulouse has a significant role as one of the commercial centres of the country.
Its close proximity to the Pyrenees, the Mediterranean coast and the Atlantic make it a lovely place to live or visit.
Toulouse is known to be a fairly safe city in comparison to larger cities such as Paris and is also relatively inexpensive with a high quality of life.
Property Insight
For years now, France has had one of the most vibrant housing markets in the EU, partly due to the increase in purchases by non-residents, particularly from Britain.
Although the price of French property has been rising substantially since 1998, the increases in apartments and houses in 2007, of 4.5 per cent and 4.8 per cent respectively, were down on previous years due to the recent global economic woes.
Property in Toulouse has also witnessed a slowdown over the last year after prices were initially driven up by a shortage of building space in the area. But with a large professional workforce, universities and easy access from the UK, the city and surrounding areas are ideal for second home and buy-to-let investors.
Dan Johnson, Managing Director, comments:
“With a growing economy, beautiful countryside, friendly locals and great cuisine, Toulouse is a city that has much to offer holidaymakers and investors alike.â€
For more information on Properties in France in general please visit http://france.themovechannel.com/
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Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information as well as images and interview possibilities, please contact:
Dan Johnson
Managing Director
www.TheMoveChannel.com
0207 952 7650
