Is investing in European, particularly French, real estate profitable today? We talk with Vitaly Arkhangelsky, Director of ArendaLazur TM (Cofrance SARL– Nice, France), PhD in Economics, about how the pandemic has affected the commercial and residential market and the attitude of Georgian buyers towards this market.
Mr Arkhangelsky, can you tell us briefly about what your company does?
ArendaLazur TM (Cofrance SARL- Nice, France) is a European real estate broker. We have offices in more than 110 cities around the world, and one of them is in Tbilisi. Through our offices, one easily buy or rent any property on the French Riviera and in Monaco, both commercial and residential. A separate line of our business is luxury real estate. Cofrance SARL assists not only in buying property but also using it: leasing out, maintaining, insuring, paying taxes and taking care of safety. We provide competent legal support and a full range of property management services abroad. It is relevant for wealthy clients from Georgia who have no plans of changing their place of residence and wish to manage their villa or commercial premises remotely.
