Welcome to Paris, France…commonly known as “The City of Love”. The Paris region has one of the highest GDP’s in Europe, making it an engine of the global economy. If it were it’s own country, it would rank as the seventeenth largest economy in the world!
Speaking to several locals and Real Estate Brokerages, I was able to realize that furnished rentals are most popular in Venice and it can be an attractive investment strategy in order to produce higher rental income. Apartments generally start around 330,000 Euros and can easily exceed 2,000,000 Euros. Rents for small bachelor apartments start around 800 Euros per month. Rents for 2 bedroom apartments can average around 2700 Euros per month.
The biggest thing I have learned throughout my European Tour is that LOCATION matters! Not only in the Toronto Region, but every major City in the World! Every single one of these Cities has a niche investment strategy that works better than others. My recommendation is when you find a City you wish to focus on, work on figuring out what investment strategy fits that market well. You will then have a much better understanding of how real estate can help build REAL long term wealth for generations to come. Thank you for watching my European Tour.