It’s time to invest in Paris27 November
Led predominantly by the Grand Paris project and Brexit, Paris is gaining increased interest from international and domestic real estate buyers alike. The capital has quietly re-emerged as a target for investors targeting prime European real estate.
The Grand Paris project
For those looking for capital growth in a flourishing market, there is nowhere better than looking into the Grand Paris project. The largest transport project in Europe, it promises to expand the already well-connected centre of Paris to the suburbs with a €35 billion investment by 2025. If you are looking to invest in Paris, why not consider investing around the future stations of the Grand Paris Express lines before the real estate prices rise? Or even in growing Puteaux or Neuilly-sur-Seine?
Brexit is another reason why international buyers are looking into the Parisian real estate market, especially in business hubs such as the world-renowned La Défense. An increasing number of French and European businesses have chosen to leave London in favour of Paris due to Brexit. Thus, the capital is becoming the European destination of choice for financial heavyweights including the Bank of America, Credit Suisse, Goldman Sachs, HSBC and Morgan Stanley who have all announced their relocation. As La Défense is Europe’s largest business and financial district, investors are looking into this destination for a pied-à-terre or second home.
Aside from Brexit and the Grand Paris project, there is also the impact that the 2024 Olympic Games will have. These are expected to add €8bn to the French economy throughout the course of the preparations right through to after the games. France is also boasting exceptionally low mortgage rates. Depending on the profile, rates as low as 2.25% fixed for 20 years at 60% loan-to-value can be secured.
Therefore, it is no surprise that this strong real estate market is gaining traction from all over the world. Interested in discovering more about why Paris is attracting investors, as well as the benefits of investing in the city and the process to buy a property in France? Read our guide here.