Apartment for sale in Aquitaine, France

New buy to let development situated in the Worlds Capital of wine, Bordeaux. The Town: Bordeaux, with a population of just over half a million inhabitants, is located in the South West of France in the Aquitaine region. It is considered to be the most important port in the whole of Europe. It is perhaps better known, however, for its neoclassical architecture and spacious town centre, complete with wide avenues and well looked after parks. Bordeaux has preserved its 18th Century atmosphere, slightly livened up by the presence of 60,000 students from the local university. The property market here is booming as this prosperous city attracts inward investment and business interest. Bordeaux is also a very attractive place to live and a serious option for those who prefer town to country. Values increased by an average of 13.3% during 2004 while classical apartments rose by 17% - and there's no sign of a slowdown. Contrary to popular belief, the greatest demand comes from the professional classes in the Gironde area. Who is investing in French property? Perhaps not surprisingly it?s the Brits who lead the way. Out of 74,000 foreign-buyer real estate transactions in France in 2002 the British acquired 27,000 (over 36%) with an average value of 127,000?. The Italians come second with 13.5%, followed by the Dutch with 5.3%, the Belgians with 5.1% and the Germans and Spanish in joint 5th place. Despite the international popularity of the city, the centre is predominantly where the French live and work. Most British-buyers tend to go to the surrounding countryside to buy their houses. This has pushed up the prices of Bordeaux?s suburbs considerably. The Residence: A new development will consist of just 18 apartments ranging from studios to two bedrooms and 28 villas. Situated in a calm, residential area, the development is just 5 minutes away from the town centre and is designed to be like a village in a town, with landscaped surroundings. The elegant architecture, with blond stones typical of the town will be surround by private gardens and will be in the heart of a residential hamlet doted with green areas, tree lined alleys and a charm making it to the perfect place to live. Prices: Studios : from 27,23 m² + Balcony of 3,88 m² + Parking : Prices from 98 000 E. Two Bedrooms : from 59,19 m² to 69,35 m² + Balcony and/or Terrace of 3,58 m² to 8,24 m² + Parking : Prices from 208 000 E to 245 000 E. 3 Bedrooms: from 80,68 m² to 81,15 m² + Balcony and/or Terrace of 7,20 m² to 17,32 m² + Parking : Prices from 271 000 E to 286 000 E. 4 Bedrooms : from 107,68 m² + Balcony of 4,11 m² and Terrace of 7,20 m² + Parking : Prices from 361 000 E These properties are not being sold under the leaseback scheme, but as buy to let properties which allows more flexibility for owners looking for a shorter term investment. The residence will be managed by an established management company and the properties will be leased for 3 years at a time (standard lease time in France for residential lettings). The rental yield ranges between 3.42 ? 5.47% based on the VAT INCLUSIVE purchase price. Please contact us for more details.