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Before I put serious time into one part of the market, I need to decide whether warehouses are worth pursuing or whether the renovation and transaction costs make them a poor fit. I’m a landlord in Paris, but this is an area I’m still learning. I’d like to understand French market evidence...

The headline return looked better than I expected. Once I allowed for the full cost of buying, however, it became much less convincing. The property is a 3-bed villa in Paris priced at €519,800, with projected rent of €3,695 a month. That gives annual rent of €44,340 and about 8.5% gross...