Investment Property in Tours

Investment Real Estate in Tours

Investment Property in Tours
Investment Property in Tours

Tours property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Tours .

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Search Map of Tours Investment Real Estate

Tours ( TOOR, French: [tuʁ] (About this soundlisten)) is the prefecture of the Indre-et-Loire department and largest city in the Centre-Val de Loire region of Western France, although it is not the regional prefecture, which is the region’s second-largest city, Orléans. In 2017, the commune of Tours had 135,787 inhabitants; the population of the whole metropolitan area was 495,379.

Tours stands on the lower reaches of the Loire river, between Orléans and the Atlantic coast. Former Caesarodunum city of the Turones, founded by the Emperor Augustus, it possesses one of the largest amphitheaters of the Roman Empire. Known for the Battle of Tours (732), it is a National Sanctuary with Saint Martin, Gregory of Tours and Alcuin under the Merovingians and the Carolingians, with the adoption by the Capetians of the local currency the Livre tournois which became the currency of the kingdom. Capital of the county of Tours which became the Touraine, the garden of France. First city of the silk industry, wanted by Louis XI, royal capital under the Valois Kings with its Loire castles and city of art with the School of Tours. Capital of loyalty during the French Wars of Religion and city of retreat in June 1940 which will lead it to be partly destroyed.

The White and Blue city keeps nevertheless a historical center registered in the UNESCO and city of art and history with its Vieux-Tours, a remarkable patrimonial site. The garden city concentrates a green heritage and an urban landscape strongly influenced by its natural space. The historic city that is nicknamed “Le Petit Paris” and its region by its history and culture, has always been a land of birth or host to many personalities, international sporting events, university city with more than 30,000 students in 2019. Tours is a popular culinary city with specialities such as: rillettes, rillons, Touraine vineyards, AOC Sainte-Maure-de-Touraine cheeses and nougats. The city is also the end-point of the annual Paris–Tours cycle race.

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The financial stability of Tours has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Tours

Renting out your Tours buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Tours are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Tours and be prepared to change your initial outlook.
  • Thoroughly research the Tours location with a special emphasis on fringe areas outside the main Tours metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Tours.
  • Ensure that your target investment property in Tours appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Tours properties yourself is an easy option, but are these savings justifiable when you run into Tours red tape? Physis Realty Tours office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Tours buy-to-rent sector.

With our expert guidance, investing in Tours provides the secure knowledge that your money is working harder than it would in a local Tours bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Tours, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Tours property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Tours

Flipping property in Tours

Flipping property is when we advise clients to buy a Tours property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Tours market has a time to react to the renovation.

The Flipping Strategy in Tours

Investment property flipping in Tours is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Tours real estate investments are sometimes referred to by professionals as ‘distressed’ Tours real estate.

What is distressed Tours property:

  • Tours property in need of renovation
  • Tours real estate with a change of purpose and use
  • Oversold Tours property
  • Bank repossessions in Tours

Put simply, long term investors in Tours purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Tours investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Tours property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Tours use a minimum profit value of 22% when looking at potential Tours projects. The reason for this is because there are lots that can go wrong in Tours property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Tours

For luxury property investors hoping to add a superb property in Tours to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Tours, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Tours should be entrusted to only the highest-quality agency.

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