There has been a substantial increase in demand for apartments for sale in Paris, France. The real estate market in Paris has been certainly doing well in recent years and this good performance is expected to continue well into 2017.
If you’re looking to buy an apartment in Paris online in 2017, you would do well to consider your options in the Paris suburbs, and not just in the Paris city centre. There are a plenty of great opportunities in the suburbs that just need to be snapped up.
Paris has always been an attractive city for overseas investors. The cost of living here is higher than most parts of the world, but you get the feeling that it’s well worth it – part of the expense of living in the world’s favourite city.
Paris is perhaps the most cosmopolitan city in the world. It is home to a large English speaking expat community. There are a plenty of Americans and Britons who have made Paris their home. There is also a substantial demand for apartments in Paris from wealthy Chinese investors.
Paris is a delightful city, with its lovely tree-lined boulevards, upmarket boutiques and shops, and famous landmarks such as the Eiffel Tower. The nightlife in Paris is vibrant and the city stays up until the early hours of the morning. Clearly this is one of the most exciting places to live in the world.
This is a good time to buy real estate in the city of Paris right now. It is a buyer’s market here as property prices have fallen across France over the last few years.
In Paris, though, property prices continue to rise. They have risen by over 40 percent since 2009 and are seemingly insulated from the market situation in the rest of the country.
The outgoing French president François Hollande, who will step down from office once the winner of the forthcoming Presidential election takes over, has introduced several tax increases and has cut down on property subsidies.
Speaking about the 75 percent supertax introduced on wealthy property owners in France, Martine Kuperfis, a prominent local estate agent says, “The exodus of French families to London in particular, some of whom have left for tax reasons, is continuing to free up some very attractive houses and large apartments. There is no better example of this trend than the 16th arrondissement.”
While it is a buyer’s market in France, this is certainly not a time to speculate in property, and there is no chance of getting a quick return. Patience is the key and you have to wait for the right time. Further, there is a real scarcity of quality rented accommodation in Paris, which ensures that there will always be a demand for apartments here.
After all, property prices in Paris will always continue to rise steadily as almost every wealthy person in the world wants to buy an apartment or a house here. So, if you are looking to sell an apartment in Paris fast, you should have no trouble in getting someone to take it off your hands real quick.