Paris Sera Toujours Paris
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Paris 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 import vinyl shop in Les Halles, in the heart of the city.
Paris is 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 or flying to Yorkshire.
incidentently Paris has just beaten London the battle for visitors for the first time in 10 years. A study has revealed that the French capital received the highest number of tourists of any European city in 2018, with 19.1 million foreign visitors!
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 report from BNP Parisbas (June 2019) states an increase of 8% in sales to foreign buyers and 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 than ever, due in part to the ongoing global uncertainties around the world, including Brexit.
It’s not surprising to see buyers investing in real estate in Paris 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 sq.metre barrier in some areas.
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 around Paris, as well as an article about Luxury Real Estate in Paris. Are you too busy to keep up with the pace of this fast moving city and confused about the real estate market in the french capital? Perhaps you need to mocve really quicky, and you’re running out of time to find a place before you start work or university?
Pas de problemes, we can help, learn about our ‘Buy a la Carte’ bespoke service in Paris.
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