Montrouge, Paris

Hi,

Thinking of buying my first leaseback via Pierre et Vacances at Paris (Montrouge). via the Residence de Tourisme scheme. 125K euros for studio (300 sq ft) in good Paris location, RER line extending out there in 2007. What sort of growth rate can I expect in Paris? Would like some advice on rental yield (3.75% net - seems quite low but I'm a bit hesitant to go for a higher yield with a smaller company as it's my first one and all that...). French mortgage offered at 4.55% fixed for 20 yrs, broker recommended by P&V. P&V seem to have been v. helpful and professional so far - anyone got any experience of them (good or bad)? I am a higher-rate taxpayer - should the property be in my wife's name (non-taxpayer) or joint names (or even mine)?

Thanks,

Chris

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