Foreign buyers have long gravitated toward the city’s historic core — the arrondissements, or districts, on either side of the Seine. On the Left Bank, that means the Seventh around the Eiffel Tower and the gallery- and boutique-lined streets in the Sixth along the Boulevard St.-Germain, which runs roughly east to west a few blocks in from the Seine.
The city’s highest real estate prices can be found in the Eighth Arrondissement on the Right Bank, home of the “Golden Triangle” of luxury shopping and hotels, followed closely by its neighbor to the west, the vast 16th arrondissement.
The recovery in the Alpine residential real estate market, led by the ultra-prime resorts, has spread to the rest of the region with infrastructure investment spurring new development, according to a new report.
British buyers are returning as a weak euro poses buying opportunities in France, Austria and Italy but a strong Swiss franc has made property in Switzerland more expensive for foreign buyers, says the report from Savills World Research and Alpine Homes.
European real estate investors are increasingly looking beyond London and Europe’s gateway cities such as London and Paris as they seek to meet their return objectives, new research suggests.
But not every regional city is suitable for investors and returns can disappoint in the medium term if one does not factor-in local market fundamentals such as local growth trends, demographic changes and human capital, it points out.
According to the latest LaSalle Investment Management’s European Regional Growth Index (E-REGI), which ranks Europe’s top 100 cities, the region’s economy is driven by dynamic urban centres with London and Paris once again in first and second position in the ranking.
Commercial property investment activity in Europe reached its highest level since 2007, totalling €102.5 billion in the first half of 2015, the latest market analysis report shows.
The investment volume across the 16 participating countries was 25% up on the same period last year, according to the European Investment Briefing report from international real estate advisor Savills.
Much has been said about London’s prime property market attracting foreign buyers but now Paris is being discussed as being just as interesting for overseas investors.
Overseas investors are regarding Paris as having highly competitive real estate prices due to the weaker Euro, according to the latest report from property agents VINGT Paris.
There are two main stages to buying a property in France, and without the correct legal advice and understanding of the process, you could find yourself entering into a binding contract near the start of the process, rather than at the end, as in the UK.
If a mortgage is required, French lenders will normally lend up to 80 per cent of the purchase price, though there are strict criteria which could restrict the total amount.
A trawl of the Paris region's 50,000 Airbnb offerings - there were only 7,000 across the whole of France in 2012 -suggests le Calvez and his colleagues have reason to worry.
“A pile of stones in a sea of mud.”
This was the immediate reaction of our three grown-up children when we showed them pictures of the house we bought in France. So why did we do it?
I was approaching retirement and my wife, Pamela, had always wanted to live in France,. My Viking ancestors had settled in Normandy and came over to England just after the Conquest.
The rental market in Paris is now subject to new rent control regulations covering all new residential leases and those that are up for renewal.
The law seeks to cap rent increases from one lease to the next in the country’s largest cities as part of sweeping housing reforms promised by French President Francois Hollande during his election campaign.
The policy is likely to be popular among tenants in the city who have seen home rents rise by 42% in the last 10 years, although it has been criticised by estate agents and landlords.
The pound rose to its highest rate against the euro since November 2007 on Thursday, climbing to €1.4350 at one point.
The euro fell against both the pound and the dollar as markets assessed potential interest rate moves over the next few months.
The European Central Bank is expected to maintain its loose monetary policy for some time to come.
However, markets are now waiting for rate rises in the UK and US.
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