Alsace attracts thousands or tourists and skiers every year due to its Vosges mountain range and desirable location between France and Germany. Alsace's capital, Strasbourg, is also an important base for the European Union and the region also has good road links to Paris.

Strasbourg and its suburbs are good capital growth areas. In the last 12 months they have experienced a 17 per cent rise in capital appreciation and this figure is set to rocket in the next two years as the city is linked by TGV to the UK, Germany and other parts of France, increasing its importance as a central hub in Europe.

The city is host to some of Europe's most prestigious companies as well as international business and organisations, levels of unemployment are very low in Strasbourg and with more and more people migrating to the city for work, premium property in Alsace is very scarce.
 
Indeed property prices in Alsace are above the national average, although there are plenty of renovation projects to be snapped up.

For those interested in buying property in Alsace, Your French Property is currently marketing a long-term investment opportunity in Mutzig, 30 kilometres from Strasbourg.

The development is a three-star residence offering studio to two-bedroom apartments with indoor and outdoor parking, luggage room, sauna, laundry room, triple lock security of the doors, built in cupboards, individual electric heating, carpeted living areas, tiled kitchens, modern kitchen facilities and features and lifts to all floors and is due for completion in 2009. Prices start at 63,000 euros.

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Related article:
Bas-Rhin in France is one to watch

Article first published 31 August 2007