11th September 2019
- The Summer Collection - Our Coups de Coeur
- Planning Your Viewing Trip After Lockdown
- During The Health Crisis Stay Safe Stay Home
- What is the Most Romantic French City to Spend Valentines?
- New Year, New You, New Toit?
- Market Outlook and Predictions for Real Estate in France in 2020
- What Does the Result Means for Brits & the GBP
- Finding Your Perfect Property in France
- 5 Reasons House Hunting in Winter is a ‘Bonne’ Idea
Paris Sera Toujours ParisParis will always be Paris… there's one such capital in the world; vibrant, colourful, romantic, creative - sometimes chaotic - melting pot that we all love and cherish with all its grandeur and sparks. I recall one of my first jobs, in a specialist vinyl shop in Les Halles, right in the center of the city.
And Paris is also very close to my heart as I proposed to my future ‘épouse’ there; indeed it’s a very special place for us, for many reasons, not least because we have family and friends there. They often call me asking about brexit, and what it’s all about, and also tips about travelling to London.
incidentently Paris has just beaten London the battle for visitors for the first time in 10 years. A new study has revealed that the French capital received the highest number of tourists of any European city in 2018, attracting 19.1 million foreign visitors.
And did you know France was voted no1 tourist destination in the world 89.4 million visitors in 2018? And we’ve read that the forecast for 2020 is a staggering 100 million visitors, that’s very impressive numbers.
A recent report from BNP Parisbas (June 2019) states an increase of 8% in sales to foreign buyers and property investors. There are more and more professionals and families coming to France to live, study, and work, from Hong Kong to Miami and from London to Melbourne, due in part to the ongoing global uncertainties around the world.
So it’s not surprising to see investors investing in real estate in Paris, and across France, and this despite the well known high taxes. Proof is that property prices in Paris have increased by 23% in the last 5 years, growing from an average €8,368/sqm in 2015 to €10,288€/sqm in summer 2019 month according to SeLoger dot com in France, breaking through the €10,000 per square metre barrier in some areas.
And with property investors and business looking to cash in on the Olympic Games in 2024, when the biggest sports event coming in the world comes to Paris, we anticipate this trend will continue for the foreseeable future.
Feel free to revise our previous blog posts about where to look for a Property in Paris, some if the best areas to live in around Paris, as well as an article about Luxury Real Estate in Paris.
Finally, take a browse through our extensive selection of properties for sale in Paris and the Île-de-France, and get in touch if you wish to discuss your project and plans.