Le Mag de l'investissement immobilier

Public attractions and the rental property market

Published on 02/19/2015

The creation of public buildings that are architecturally creative and combine aestheticism, functionality and an awareness of the impact on the surrounding environs make for a hugely attractive destination. Whether a residential rental property is aimed at long-term tenancy or the holiday letting market, the presence nearby of an impressive public attraction can only positively impact the rentability of a real estate investment.

Top public attractions in Europe

A recent article on Europe-re.com discussed the top public attractions in Europe. All of them are noted for their architectural creativity, aesthetics and functionality. Possibly one of the most well-known, however, is Le Grand Palais des Champs Elysées. Now in the early stages of a large restoration project, the new design will include several exhibition areas, a restaurant and car parking in an effort to “reinforce the aspiration” of the Grand Palais as a “culture machine”.

Rental property near local attractions

In terms of rentability, investment properties near to a famed attraction will, by association, be more appealing to a tenant. Plans for The Museum of the Human Body in Montpellier are another example of a cross-national trend towards governmental investment in public buildings. With the intention of bringing a resurgence of interest to the nearby areas, these public projects also offer those interested in investing in buy-to-let properties an excellent opportunity for long-term capitalisation.

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