Paris ranked world’s best city for students – good news for property investors1st September 2012
A world ranking of university cities by international education network QS has ranked Paris the best city in the world in which to study.
Beating cities like London, Berlin and Zurich, Paris came out on top after it achieved the highest collective score from judging criteria such as results, employability, fees and the cost of living.
THE BEST STUDENT CITIES (QS)
1. Paris, France
2. London, UK
3. Boston, US
4. Melbourne, Australia
5. Vienna, Austria
6. Sydney, Australia
7. Zurich, Switzerland
8. Berlin, Germany
9. Dublin, Ireland
10. Montreal, Canada
14. Lyon, France
46. Toulouse, France
This is timely news for investors interested in student investment properties as the UK becomes increasingly saturated with student product.
Camille Letuve, Partner at Athena Advisors commented:
“Vacation and business tourism have always been two of Paris’ major catalysts for overseas property investors. With the city becoming increasingly popular with international student, investors are recognising that properties in key student areas of Paris can provide great returns.”
“The demand for student rental properties is very high and management companies regularly achieve 98% occupancy rates. This underpins the returns available for investors.”
In the 13th arrondissement, a popular student district, a brand new development in by the highly reputable French developer Terresens is being built as a resukt of the continued demand for student property in this area. Called Palantino, this project offers both leaseback and classic ownership properties are, with the leaseback units providing guaranteed rental returns of up to 4.0%.