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New build properties located in Montrouge Paris suburbs - Development for Sale in Boulogne Billancourt

Home » Property For Sale » France » Ile-de-france » Hauts De Seine » Boulogne Billancourt » Development

Property ID: 484991

Development

Price : €210,000

Delivery date: 2010

New properties located within easy access to Paris. Montrouge is located in the Hauts de Seine departement right next to Paris’ Porte d’Orléans and XIII Arrondissement.

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Full Description

Montrouge is located in the Hauts de Seine departement right next to Paris' Porte d'Orléans and XIII Arrondissement.
Its increasing population now accounts for 42 000 Montrougiens , mostly young people working in the capital.

The town owes its name to the latin word Monterebeus, reference to the red colour of the soil.
Montrouge used to be an industrial city specialised in aeronautics. Nowadays, the economic activity is based on services with companies specialised in edition, high tech and medical research.

Montrouge is the home of the biggest church bells of Ile de France, inaugurated on 26th february 2000. These traditional bells jingle twice a day and add charm and authenticity to the modern town.

Montrouge also offers architectural jewels such as the Fort de Montrouge, the Bagneux Cemetery, the City Council and primary school.

The main advantage of Montrouge is without a doubt its closeness to Paris. But it is nice to know that it is a busy city on its own which offers tranquility and quality of life.

Investing in Paris and its suburbs
PARIS is reputedly the most romantic city on Earth, but is there anything in the French capital that could entice shrewd property hunters in search of a profit? Property owners in and around the French capital have certainly seen a nice return on their money over the past few years.

It may not compare to the boom figures of the UK but prices have doubled over the past seven years. Last year saw a rise of 15 per cent for the capitals city centre, which was seen by many as worryingly high for a city more used to 10 per cent price increases annually. The average price of a 1 bedroom flat in Paris is now £280,000, in comparison with this development which has similar flats priced at a more realistic 200,000 euros, with one-in-five buyers being from overseas. What's attracting them? Well, although £280,000 sounds like a lot of money, Paris is still a good 25 per cent cheaper than London.

There are a lot of younger would-be buyers from the UK buying in Paris because they can't afford to get on the property ladder at home. It has become an attractive concept because it is one of the major European cities and they are spending much less than they would at home and they get a good return on their money.
Rents seem to be the key to Paris' property charms. While the buy-to-let market in many major UK cities has become awash with landlords chasing fewer tenants and lower rents, the situation could not be more different across the Channel. Higher property prices have pushed up rents in a city where young people embrace rented accommodation as a lifestyle preference not seen in this country.

Marie-Pierre Saint-Martin, a Parisian now running rental property search agency from London, explains: "As a city Paris is very, very short of rented accommodation. French people tend to buy property later than Brits. "Whereas an average age at first purchase in the UK might be somewhere around 28, it could easily be 35 or older in France. If you have a flat in Paris and you want to let it out long-term, then you will never have it empty. "You will have people literally queuing to move in. If you put a studio flat in the newspaper you could easily get 40 or 50 calls just from one ad."

New build development comprising 17 apartments and 9 villas located in a quiet residential area one minute from Montrouge city centre and transport connections to Paris.

The contemporary residence is set in shared gardens and offers studio to 2 bedroom apartments and 3 bedroom separate villas.

Properties here are scheduled for delivery during 4th quarter of 2010 and will offer a high degree of comfort with digicode and visiophone systems as well as a lift and individual electric heating.

Prices for remaining properties start at 210,000 Euros for a studio, 4th floor apartment measuring 26.70m2 and range to 810,000 Euros for a 3 bedroom villas measuring 127.50m2.

Exceptional properties ideal for permanent relocation or renting out!

Please note that these properties are not leaseback properties and can be used either as a buy-to-let or a permanent home/holiday home.

 

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