Released on = July 12, 2007, 9:20 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = Paris is the number one city in the world for tourists,
ahead of other prominent contenders such as Rome and New York. Last year the city
had 16.3 million visitors, of which 9.7 million came from abroad.

Press Release Body = Paris is the number one city in the world for tourists, ahead
of other prominent contenders such as Rome and New York. Last year the city had 16.3
million visitors, of which 9.7 million came from abroad.

All of these needed somewhere to stay and it is no surprise that the city\'s hotels,
hostels and rental apartments are full nearly all year round.

According to the Paris Tourism Office, the number of tourists set to visit the city
will rise to 20 million by 2020. A survey undertaken by the body found that 97 per
cent of the tourists questioned stated an intention to return to the city at some
point in the future.

Paris was also recently voted the third most attractive city in the world, behind
Sydney and London. It has a long and distinguished history, with some of the most
famous buildings and sites in the world located within its boundaries.

Aside from the Eiffel tower, there is the Arc de Triomphe, Notre Dame cathedral and
the Louvre. There is essentially an inexhaustible supply of attractions in Paris
that tourists would find hard to do justice to in one visit.

Estimates place the number of jobs in the Parisian economy that are dependent on
tourism at between 12 and 20 per cent.

This thriving trade makes it an ideal place for an investor to acquire a buy-to-let
property, yet an acquisition can be made surprisingly cheaply considering the
popularity of Paris as a destination, and its status as a capital city.

According to investment website Property Frontiers, properties in the city \"are
still affordable\", being \"around 60 per cent cheaper than in central London\" when
compared on a like-for-like basis\".

Prices vary depending on the location and condition of the property, but a price of
£254,000 for a one or two bedroom apartment in the city centre is not uncommon,
while a similar property in need of substantial renovation can be had for around
£120,000.

Property Frontiers also pointed out that there is \"a severe shortage of rented
accommodation in Paris\" and said the city \"is never short of prospective tenants\".
Based on a survey of landlords, brokers at the company have suggested that gross
rental yields lie between 4.5 and 8 per cent a year.


Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com