Paris is grounded in a strong culture and a guarantee of quality. Whether it is business, quality of life, local craftsmanship, hospitality or tourism, the French capital cultivates a pristine reputation by combining its culture and traditions to strong business values and growth.
Paris is a way of life. Being a Parisian goes beyond a job or even a simple nationality (most famous Parisians are actually foreigners), it is about the lifestyle. The CEO of a multinational company or an underground documentary maker will both love buying a croissant and a newspaper everyday at the old news stand on their street and drinking a café on a terrace before heading to work.
Living or buying a luxury Paris property is more than settling in one of the most attractive and central European city, it is also investing in its art de vivre.
Luxury & Commercial Properties for Sale In Paris
Property prices have dropped in Paris due to the recent economic crisis and the poor performance of the euro on a global scale. This has caused an increase in the demand for property investments or the purchasing of a Paris commercial property. Some properties however, in desired locations such as the 17th arrondissement, have remained strong in value. With a predicted 3 per cent drop in property value in 2015, Paris has become a buyer’s market for an investment property or a commercial property.
Luxury properties in Paris, such as big family homes in the 16th arrondissement for example, are priced at a level that is very attractive for anybody seeking to purchase a piece of the city. Near the 8th arrondissement a one-bedroom apartment starts at about €500,000. In the 9th arrondissement, a three-bedroom property is on average priced at €1,000,000. In more desirable arrondissements, properties can easily reach €5,000,000. With the number of tourists and students visiting Paris, the rental opportunities for flats are endless and sure to be lucrative.
On average, buyers should retain about 8 per cent of the property’s value in order to pay for the land registry’s tax, notary and various other fees incurred by purchasing a property in Paris.