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A major Canadian pension fund has bought a Paris property for €263 million

One of the largest Canadian pension funds has acquired a property in Paris’s rue Blanche (9th arrondissement – district) from the Carlyle Group for €263 million.

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Paris’ finest palaces and mansions: the Palais Royal

This is the first in a series looking at some of the sumptuous palaces and mansions for which the City of Light is rightly famed.

Located opposite the Louvre in Paris’s central 1st arrondissement (district), the Palais Royal has a long and colorful history. It has been home to royalty and aristocracy, once contained a shopping and entertainment complex, and is now owned by the French State. And it is no stranger to controversy.

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Paris is one of the cities to invest in for luxury real estate in 2015

New research on global cities shows that luxury real estate investors have an increasing appetite for investing in alternative neighborhoods in established cities, including Paris.

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Around Faustine’s Desk on the Rive Gauche: pastry shop Acide Macaron

This is the next in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil. An interview with Jonathan Blot, master pastry chef and creator of Acide Macaron.

This brand new setting at 10 Rue du Bac in the 7th arrondissement (district) is the showcase for a shop filled with dazzlingly-colored pastries. This is the world of Acide Macaron, which I discovered during my recent interview with Jonathan Blot, master pastry chef and creator of the brand.

Continue reading “Around Faustine’s Desk on the Rive Gauche: pastry shop Acide Macaron” »

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Living on a houseboat in Paris

Apartments with a river view in top Paris locations command premium prices. One was sold recently on the Quai de Conti in the 6th arrondissement (district) for a record €42,600/m2. So why not live on the River Seine instead?

Continue reading “Living on a houseboat in Paris” »

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Ask Miranda: How do I go about arranging a mortgage in France?

Question: I am thinking of buying a property in Paris and am considering taking out a mortgage to do so. How do I go about this?

French mortgage rates have never been so low, but they may not remain so for very much longer. If you are considering a mortgage, it makes sense to contact banks or a mortgage broker early on. This enables you to identify your borrowing capacity upfront and act quickly to secure your ideal property.

Continue reading “Ask Miranda: How do I go about arranging a mortgage in France?” »

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Foreign buyers increasingly purchase property in Paris

Recent figures compiled by notaires (officials who handle property transactions) show that foreigners are buying property in and around Paris in greater numbers than at any time over the past 15 years.

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Carré des Antiquaires apartment for sale; 75007 Paris

This spacious 1 bedroom duplex apartment with soaring ceiling height is located just steps away from the Seine in the « Carré des Antiquaires », the exclusive section of Paris’ 7th arrondissement that is home to numerous antique dealers.

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15 things to find out about a Paris apartment when property-hunting

Buying a luxury apartment is a major investment. So you want to be sure you have all the information about it at your fingertips before you visit – and certainly before you buy.

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The Louis Vuitton Foundation will open in Paris at the end of October 2014

This is the seventh in our series of posts looking at major projects that are enhancing parts of Paris.

An extraordinary new building, the Fondation Louis-Vuitton pour la Création (Louis Vuitton Foundation for Creation), is scheduled to open in Paris’ Bois de Boulogne on October 27th.

Continue reading “The Louis Vuitton Foundation will open in Paris at the end of October 2014” »

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Real estate prices in Paris: around the arrondissements

French weekly l’Express recently published its annual run-down of property prices in Paris, having questioned realtors in each arrondissement (district) to get their view of market trends.

1st, 2nd, 3rd, and 4th arrondissements – properties with flaws selling more slowly

In the heart of Paris, foreigners are still seeking a pied-à-terre, but have become more selective. Apartments with faults, such as the lack of an elevator, are slower to sell than flawless properties.

Continue reading “Real estate prices in Paris: around the arrondissements” »

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Panthéon apartment for sale in Paris; 75005

This stunning and extraordinary top floor 1 bedroom apartment is located in the heart of the historic 5th district, a mere 5 minute walk from the Pantheon, the place de l’Estrapade, the place de la Contrescarpe or rue Mouffetard. On the 4th floor with elevator of a neatly kept and private ensemble of buildings named « Résidences du Pantheon » its terrace and 2 balconies offer open views of the Pantheon and overlook the garden of a former convent, providing an atmosphere of the countryside in the very heart of Paris.

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Anglo-French joint venture acquires a portfolio of four Paris office buildings

LBO France and Maple Knoll Capital have bought a total of 60,000m2 of office space in four locations for an undisclosed sum. LBO France will take control of a 17,000m2 building in Saint-Ouen, currently rented to Alstom Transports. Maple Knoll will manage the other three buildings in Velizy, Ivry-sur-Seine and Gentilly.

Continue reading “Anglo-French joint venture acquires a portfolio of four Paris office buildings” »

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Paris property prices continue to resist, according to the latest figures

According to recent figures, real estate prices in Paris have continued to hold up and the number of transactions has increased during the 2nd quarter of 2014.

The representative body of the officials who handle property transactions, Notaires de Paris-Ile-de-France, issues a quarterly roundup of property prices. These figures show that prices remained stable in Paris over the quarter, with a median price of €8,120/m2. The annual price variation in Paris over the year from the end of June 2013 to the end of June 2014 was -1.1%.

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The role of notaires in French property transactions: change on the horizon?

Lawyers do not handle real estate transactions in France. This is the job of notaires, public officials with specialized legal training appointed by the Minister of Justice. Now, the notaires’ fee structure is under review and their monopoly may be ended.

The role and remuneration of notaires in France

The role of the notaire is time-honored and highly respected. Notaires also handle other areas of law, such as family and inheritance law. Their involvement ensures that legal acts are legitimate and authentic.

Continue reading “The role of notaires in French property transactions: change on the horizon?” »

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The Picasso Museum in Paris’ Marais neighborhood now set to reopen in October 2014

The long-awaited reopening of the Picasso Museum is scheduled to take place on October 25th 2014, the 133rd anniversary of the Spanish-born artist’s birth. The re-launch was originally planned for June 2014. We reported on it back in April as part of our series on major projects that are enhancing parts of Paris.

Continue reading “The Picasso Museum in Paris’ Marais neighborhood now set to reopen in October 2014” »

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Paris’ Arche de la Défense to undergo a major renovation

The Arche de la Défense is a distinctive sight on the Paris skyline and one of the emblems of the city. This enormous glass and marble cube is 25 years old this year and is about to undergo a major face-lift.

Continue reading “Paris’ Arche de la Défense to undergo a major renovation” »

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Lamarck-Caulaincourt apartment for sale in Paris; 75018

This cozy 1 bedroom apartment, with balconies offering views of Parisian rooftops, is located in Montmartre near the town hall of the 18th arrondissement in a lively and up an coming neighborhood. It is situated on a quiet street lined with Haussmannian buildings, yet is close to transportation, restaurants and shops.

Continue reading “Lamarck-Caulaincourt apartment for sale in Paris; 75018” »

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A new French residential property price index launches in September 2014

A new French residential property price index is to be launched in September 2014. Its creator is Michel Mouillart, a professor of economics at a Paris university and director of the Housing Credit Observatory. He claims that it will provide more up to date information than existing data.

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Arc de Triomphe apartment for sale in Paris; 75116

This elegant and sunny 2 bedroom apartment is well located near the Arc de Triomphe on a quiet street off Paris’ grand avenue Foch.  It is on the 4th floor with elevator of a beautifully maintained ornate 19th century building.

Continue reading “Arc de Triomphe apartment for sale in Paris; 75116” »

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Investors crowd into France’s commercial real estate market

According to recent research, investors paid €10.7 billion euros for French office, retail, logistics, and industrial properties between January and June 2014 – an increase of 73% over the same period in 2013.

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Place St. Georges apartment for sale in Paris; 75009

This sun-filled 1 bedroom apartment with balcony is located off the rue des Martyrs near the charming Place St. Georges in the 9th arrondissement. On a quiet street, it is in close proximity to the many shops and restaurants in this lively neighborhood.

Continue reading “Place St. Georges apartment for sale in Paris; 75009” »

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The French State continues its real estate sell-off

The French State is one of the biggest holders of state-owned property in the world. It held €59,384 billion of real estate at the end of 2013 and continues its policy of divestment. In 2012, its property assets were valued at €60,064 billion.

Continue reading “The French State continues its real estate sell-off” »

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Paris’s iconic Le Grand hotel is to be sold to a Qatar group for €330 million

Sales of famous Paris hotels continue apace. InterContinental Hotels Group (IHG) has recently agreed to sell the Le Grand hotel to the Qatari group Constellation Hotels Holding Limited for €330 million. The hotel currently has 470 guest rooms, including 70 suites. Constellation plans to renovate Le Grand at an estimated cost of €60 million.

Continue reading “Paris’s iconic Le Grand hotel is to be sold to a Qatar group for €330 million” »

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The luxury real estate market in New York City: an interview with Elyse and Stephen Gutman of the Corcoran Group

Continuing our series of collaborator interviews, Elyse and Stephen Gutman of the Corcoran Group tell us about the luxury real estate market in New York City.

1. Please give us a brief bio of your agency.

The Corcoran Group was founded in 1973, as the market in New York City was transformed from a mainly rentals based market to one of individual ownership. Corcoran targeted specific neighborhoods and concentrated on higher-end properties. Through pursuing this strategy and acquiring major real estate companies in Manhattan and Brooklyn, Corcoran is now one of the largest residential real estate firms in New York City. Continue reading “The luxury real estate market in New York City: an interview with Elyse and Stephen Gutman of the Corcoran Group” »

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Norway’s oil fund has bought Le Madeleine office and retail complex in Paris for €425.6 million

The world’s biggest sovereign investment fund, Norges Bank Investment Management, has bought Le Madeleine building in Paris for €425.6 million ($570 million) from a fund managed by Blackrock Inc.

Continue reading “Norway’s oil fund has bought Le Madeleine office and retail complex in Paris for €425.6 million” »

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French property prices remain stable in the short term but are forecast to rise in 2015 and 2016

The Notaires de France (officials who handle property transactions) indicate that French property prices were stable at the end of May.

In advance of their quarterly analysis for the 2nd quarter of 2014, the notaires’ bulletin shows that prices in Paris saw a slight decline of 0.2% between February and May. As ever, these figures conceal wide variation among and within arrondissements (districts).

Continue reading “French property prices remain stable in the short term but are forecast to rise in 2015 and 2016” »

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The historic Concorde Opéra Paris hotel undergoes a major makeover

The Concorde Opéra Paris hotel is undergoing a significant restoration program, prior to re-branding as the Hilton Paris Opéra in September 2014. The hotel remains open during the renovation work, which is scheduled for full completion in early 2015.

Continue reading “The historic Concorde Opéra Paris hotel undergoes a major makeover” »

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The market for super-luxury properties in Paris remains buoyant

Super-luxury properties in Paris with a price tag of €10 million or more remain highly sought-after, according to property experts. Most buyers at this level are ultra-high net worth foreigners with assets of more than €25 million. This trend is predicted to increase.

Continue reading “The market for super-luxury properties in Paris remains buoyant” »

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Around Faustine’s desk on the Rive Gauche: an interview with Philippe Chupin, founder of shop and gallery SIECLE

This is the next in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil. An interview with Philippe Chupin, founder and creator at SIECLE, a gallery and shop that sells tableware, home accessories, and gifts.

Continue reading “Around Faustine’s desk on the Rive Gauche: an interview with Philippe Chupin, founder of shop and gallery SIECLE” »

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Jardins du Trocadéro apartment for sale in Paris; 75116

This extraordinary property provides breathtaking views of the Eiffel Tower from the apartment itself as well as from its private rooftop terrace.  It is located on the right bank, a short walk from the Seine and the Trocadero gardens.

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The French property market is reviving in certain regions, notably in Paris

Property pundits have noted that prices have started to increase again in certain regions of France, particularly in Paris, during the early summer.

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A new sporting and events stadium, Arena 92, is scheduled to open in Paris’ western suburbs in 2016

This is the sixth in our series of posts looking at major projects that are enhancing parts of Paris.

The largest cultural and sporting complex in France, Arena 92, is currently scheduled to open at the end of 2016 in Nanterre in Paris’ western suburbs. The stadium is under construction on a former sports ground near the arch of La Défense.

Continue reading “A new sporting and events stadium, Arena 92, is scheduled to open in Paris’ western suburbs in 2016” »

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The long-awaited The Peninsula Paris Hotel will open on Avenue Kléber on August 1st 2014

The Peninsula Paris Hotel will open its sumptuous doors on August 1st on Avenue Kléber in the 16th arrondissement (district). The hotel is located near the Champs-Elysées and is a stone’s throw from the Arc de Triomphe.

Continue reading “The long-awaited The Peninsula Paris Hotel will open on Avenue Kléber on August 1st 2014” »

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Paris is one of the most attractive cities in the world for business investment, according to a new survey

International business leaders rate Paris the third most attractive city in the world for business investment, according to a recent survey carried out for KPMG. This is a jump of two places in the space of a year.

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The Napoleonic Code and property ownership and inheritance in France

The Napoleonic Code is the civil legal framework of France, established in 1804 by Napoleon Bonaparte. It sets out the rules in relation to divorce, inheritance, and property ownership, among other things.

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French Capital Gains Tax: the rules for individuals who have been fiscally domiciled in France

We have reported regularly on changes to the French capital gains tax (CGT) regime over the past two years.

In France, the capital gain on the sale of a primary residence is exempt from any tax. But the capital gain on the sale of a second home or investment property is liable to tax and social charges. We explain the current rules here.

Continue reading “French Capital Gains Tax: the rules for individuals who have been fiscally domiciled in France” »

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A Hong Kong based investment firm snaps up the Paris Marriott Hotel on the Champs-Elysées

A Hong Kong listed investment company has announced it is buying the Paris Marriott Hotel from French real estate company MCE PropCo. This luxury hotel is located on the Champs-Elysées in the center of Paris.

Continue reading “A Hong Kong based investment firm snaps up the Paris Marriott Hotel on the Champs-Elysées” »

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Setting up a Société Civile Immobilière (French civil property company): how does it work and what are the pros and cons?

The French Société Civile Immobilière (SCI) is a popular vehicle for purchasing real estate in France. Paris-based firm Pech de Laclause, Bathmanabane & Associés gives an overview of this structure and discusses some of the pros and cons.

What is an SCI and when is it a suitable vehicle for buying and managing French property? Continue reading “Setting up a Société Civile Immobilière (French civil property company): how does it work and what are the pros and cons?” »

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The Rue du Vertbois in Paris’s Marais neighborhood is being transformed into a hip foodie destination

This is the fifth in our series of posts looking at major projects that are enhancing parts of Paris.

Parisian millionaire Cédric Naudon is transforming the Rue du Vertbois in the northern Marais neighborhood into a gourmet and design destination. The project, nicknamed ‘La Jeune Rue’ (the young street), aims to combine ethically sourced food with high quality design.

Continue reading “The Rue du Vertbois in Paris’s Marais neighborhood is being transformed into a hip foodie destination” »

Opéra - Paris Property Group

Latest figures for Paris property prices show an “astonishing resistance” 

In recent decades, the resilient Paris real estate market has defied predictions of large falls in price. And, in its latest quarterly roundup of prices, the Chambre de Notaires de Paris/Ile-de-France describes the “astonishing resistance” of prices per square meter for old apartments.

Continue reading “Latest figures for Paris property prices show an “astonishing resistance” ” »

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A French real estate investment trust has acquired the Abbaye de Penthemont from the French State

French real estate investment trust Foncière des 6ème et 7ème Arrondissements de Paris has recently bought a prestigious office complex from the French State for an undisclosed sum. The Abbaye de Penthemont is situated at the corner of the Rue de Bellechasse and the Rue de Grenelle in Paris’s 7th arrondissement (district).

Continue reading “A French real estate investment trust has acquired the Abbaye de Penthemont from the French State” »

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Marais Property in the charming Village St Paul for sale; 75004

This elegant fully renovated one bedroom apartment on the second floor with elevator of a well maintained stone and brick 19th century building is located in the historical Village St. Paul area of the Marais.

Continue reading “Marais Property in the charming Village St Paul for sale; 75004” »

Ask Miranda - Paris Property Group

Ask Miranda: how are appliances and/or furniture treated if they are included in a property purchase in France?

Question: I am purchasing an apartment in Paris. I am being charged on top of the purchase price for the refrigerator, stove, oven, dishwasher etc. Is this normal? 

Normally, appliances and/or furniture are not included in the sale of an apartment. However, you can agree with the seller to buy them along with the property.

Continue reading “Ask Miranda: how are appliances and/or furniture treated if they are included in a property purchase in France?” »

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The UK lowers the threshold for stamp duty on property purchases through a company structure: how does this compare with France?

The UK government has cracked down on the practice of purchasing properties through a company structure in order to avoid paying stamp duty. This measure is aimed in particular at wealthy foreign buyers who have bought investment properties that have subsequently been left empty.

Continue reading “The UK lowers the threshold for stamp duty on property purchases through a company structure: how does this compare with France?” »

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The makeover of the Eiffel Tower’s first level should be complete by autumn 2014

This is the third in our series of posts looking at major projects that are enhancing parts of Paris.

The Eiffel Tower, Paris’s most famous landmark in the 7th arrondissement (district), celebrated its 125th anniversary on March 31st this year. It is also undergoing a makeover that will transform its first level. One of the more spectacular aspects, a glass floor, will be open to visitors in the fall.

Continue reading “The makeover of the Eiffel Tower’s first level should be complete by autumn 2014” »

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The global prestige property market was buoyant in 2013, according to a new report

The luxury property market thrived in 2013, says a new report on international real estate. London was the most popular destination for luxury property buyers seeking a second home but also the most expensive. The latter factor may encourage buyers to start looking to other cities, including Paris.

Continue reading “The global prestige property market was buoyant in 2013, according to a new report” »

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Carré des Antiquaires apartment for sale in Paris; 75007

This quiet fully renovated one bedroom apartment is located in the heart of the historic Carré des Antiquaires in the 7th arrondissement, on the 2nd floor without elevator of a well maintained 19th century building.

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Vaux-le-Vicomte, the chateau that was the model for Versailles

Everyone has heard of the Palace of Versailles, one of the most sumptuous palaces ever built and a monument to the power and wealth of the Sun King, Louis XIV. The chateau of Vaux-le-Vicomte is smaller and less well-known but is a gem in its own right. And it was the inspiration for Versailles in many ways.

Continue reading “Vaux-le-Vicomte, the chateau that was the model for Versailles” »

Ask Miranda - Paris Property Group

Ask Miranda: who pays the real estate agent’s fees when a property is sold in France?

Question: In a French property transaction, who pays the selling agency’s fee, the buyer or the seller, and is it negotiable?

Standard practice in France is that the selling agency’s fees normally amount to around 5% of the purchase price of the property. The fees are agreed between the seller and the real estate agent and specified in the sales mandate. They are then included in the listing price that buyers see when the property is put on the market. Look for ‘FAI’ on the property advert, which means ‘frais d’agence inclus’ (agent’s fees included)

Continue reading “Ask Miranda: who pays the real estate agent’s fees when a property is sold in France?” »

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U.S. millionaires favor real estate over other types of alternative investment

Real estate is in a class of its own when it comes to investment in alternative asset classes (i.e. not stocks, bonds or cash), a recent survey by Morgan Stanley reveals. Of U.S. high net worth (NHW) investors with $1million dollars or more in financial assets, 77% own real estate, while 35% own Real Estate Investment Trusts (REITs).

Continue reading “U.S. millionaires favor real estate over other types of alternative investment” »

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Record prices for certain Paris properties in the 4th quarter of 2013

Real estate prices in Paris may not be soaring as much as they did but certain properties still command a premium. The Paris and Ile-de-France notaires (officials who handle property sales) have recorded top prices for several Paris apartments during the 4th quarter of 2013.

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Covered Paris marketplace le Carreau du Temple enters a new phase in its history after a makeover

This is the third in our series of posts looking at major projects that are enhancing parts of Paris.

Located on an historic site in the Marais neighborhood of the 3rd arrondissement (district), the covered marketplace le Carreau du Temple reopened in March 2014 following a major restoration.

Continue reading “Covered Paris marketplace le Carreau du Temple enters a new phase in its history after a makeover” »

Turgot Map - Paris Property Group

See Paris as it was in the 18th century with a map from 1739

We posted recently about a series of interactive maps of Paris in the 16th century. Now move on a couple centuries and zoom in on the city as it was in the 1730s, 50 years before the French Revolution.

Continue reading “See Paris as it was in the 18th century with a map from 1739” »

Properties with an outside space in Paris

Properties with an outside space in Paris

Paris is a densely populated city with a high proportion of apartments to houses. Gardens and outside spaces are therefore at a premium. However, there are various ways of finding or creating an external space.

Continue reading “Properties with an outside space in Paris” »

Plaine Monceaux apartment for sale, Paris Property Group

Plaine Monceau apartment for sale in Paris; 75017

This grand top floor Haussmannian apartment is located in a quiet residential area of the 17th arrondissement, between the Place Pereire and the Place Catroux, in the vicinity of the Parc Monceau.

Continue reading “Plaine Monceau apartment for sale in Paris; 75017” »

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Montmartre: a village within a city with some hidden gems

When most people think of Montmartre, they imagine the gleaming white domed façade of the Sacré Coeur church that dominates Paris. Or they recall the artists at their easels waylaying tourists in the Place du Tertre. These are certainly symbols of this legendary area of the city but there’s more to it than that.

Continue reading “Montmartre: a village within a city with some hidden gems” »

Finance Study over 2 past decades - Paris Property Group

A new study explores trends in Paris real estate over the past two decades

Despite successive financial crises, Paris real estate remains a profitable investment. Property prices have more than tripled over 30 years. Smaller apartments and studios have seen higher percentage increases than larger apartments. The most active foreign investors in Paris property are the Italians. But foreign buyers have not significantly influenced real estate prices.

Continue reading “A new study explores trends in Paris real estate over the past two decades” »

Picasso Museum - Paris Property Group

The Picasso Museum in the Marais neighborhood will reopen in June 2014 after a major makeover

This is the second in our series looking at major projects that are enhancing parts of Paris.

Art lovers will be delighted that the Picasso Museum in Paris’s Marais neighborhood is to reopen to the public in June 2014. The art gallery has been closed for five years for a major renovation and restoration program. The €52 million project will increase the museum’s size from 2,300 m2 to 3,800 m2. An additional 10 rooms will bring the total number of exhibition spaces to 34.

Continue reading “The Picasso Museum in the Marais neighborhood will reopen in June 2014 after a major makeover” »

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Foreign exchange: the prospects for the euro against the dollar and the pound sterling in 2014

Our partners at foreign currency broker FC Exchange provide an update on how the major currencies might move in 2014. 

A major focus for currency markets in 2014 will be when and how fast interest rates will rise in the major economies. For rates to rise, the reduction of monetary stimulus will be a significant factor for central banks.

Continue reading “Foreign exchange: the prospects for the euro against the dollar and the pound sterling in 2014” »

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Around Faustine’s desk on the Rive Gauche: an interview with Stéphanie Moran, founder and director of art gallery Galry

Next up in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil, is an interview with founder and director of art gallery Galry.

The 7th arrondissement (district) is renowned for the numerous antique shops and art galleries concentrated in the Carré Rive Gauche (an area famous for antiques and decorative arts).

Art gallery Galry has been at 41 rue de Verneuil since 2011. It’s distinctive for its modernism and diversity. One sunny March day, I went to meet Stéphanie Moran, its founder and director, to find out more.

Continue reading “Around Faustine’s desk on the Rive Gauche: an interview with Stéphanie Moran, founder and director of art gallery Galry” »

Now is the time to buy prestige property in Paris

Now is the time to buy prestige property in Paris, say real estate pundits

Property experts consider that now is a good time to buy prestige real estate in Paris. The prices of prime properties in the sought-after Parisian neighborhoods are not as high as those in London or Geneva – also coveted by prestige property buyers.

Continue reading “Now is the time to buy prestige property in Paris, say real estate pundits” »

Loi ALUR - Paris Property Group

French supreme court rules new law regulating short term rentals in Paris partly unconstitutional

We reported recently on the government’s flagship piece of legislation on housing and property rentals: the loi ALUR/Duflot. The French Parliament had passed the law but right-wing senators and members of Parliament referred it to the Constitutional Council on the grounds that parts of it might be anti-constitutional.

Continue reading “French supreme court rules new law regulating short term rentals in Paris partly unconstitutional” »

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Quartier de l’Europe apartment for sale in Paris; 75008

This typically Parisian sunny 2 bedroom apartment is located on a charming street in the “European quarter” of the 8th arrondissement, between the trendy Batignolles area and the Gare St. Lazare.  Nestled in a quiet residential neighborhood close to public transportation, shops and restaurants, the classic 19th century Haussmannian building is depicted in the famous Caillebotte painting entitled ‘Paris Street, Rainy Day’.

Continue reading “Quartier de l’Europe apartment for sale in Paris; 75008” »

Commercial real estate investment

Commercial real estate remains a good bet in Paris

Paris remains a good bet for commercial real estate investment among the top 27 cities in Europe. A recent survey, Emerging Trends in Real Estate® Europe 2014, showed that institutional investors consider commercial property in Paris to be an essential component of their portfolio.

Continue reading “Commercial real estate remains a good bet in Paris” »

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Take a virtual walk around Paris as it was in the 16th Century

Have you ever wondered how Paris might have looked in the 1500s? Now you can take a virtual walk through the city with a series of 3D maps developed by Grez Productions and based on a range of historical sources.

Continue reading “Take a virtual walk around Paris as it was in the 16th Century” »

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An American architect in Paris: an interview with Michael Herrman

An interview with our collaborator Michael Herrman, a prize-winning architect who has created residential projects in Paris.  He also works on projects around Europe and in the US.

Continue reading “An American architect in Paris: an interview with Michael Herrman” »

Rénovation des Halles - Paris Property Group

The redevelopment of the former market halls (les Halles) in the center of Paris

This is the first in a series of posts looking at major projects that are enhancing parts of Paris and restoring others to their former glory. 

The redevelopment of the former wholesale food market, les Halles de Paris, in the 1st arrondissement (district) continues apace. Part of the makeover includes an undulating glass canopy to cover the Forum des Halles, the partially-underground shopping center. The canopy is scheduled for completion later in 2014.

Continue reading “The redevelopment of the former market halls (les Halles) in the center of Paris” »

Loi Duflot - Paris Property Group

The loi ALUR/Duflot regulating aspects of property rentals and tenancies is delayed

One of the French government’s flagship laws has been censured on the grounds that parts of it may be anti-constitutional. The law would have altered key aspects of rental agreements, including short-term rentals.

Continue reading “The loi ALUR/Duflot regulating aspects of property rentals and tenancies is delayed” »

Avenue Montaigne - Paris Property Group

Paris is one of the “super-cities” that attracts worldwide commercial real estate investment

Recent research shows that investment in real estate is driving cities’ economic success rather than just being a consequence of it. Worldwide investment in commercial real estate over the past decade has totaled $4.6 trillion. Half of this has been concentrated in 30 cities.

Continue reading “Paris is one of the “super-cities” that attracts worldwide commercial real estate investment” »

Ibérique Gourmet façade - Paris Property Group

Around Faustine’s desk on the Rive Gauche: Spanish deli Ibérique Gourmet

Next up in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil, is an interview with gourmet grocers Marie and Angel at Ibérique Gourmet.

I recently visited deli Ibérique Gourmet to seek out some typical Spanish delicacies. Marie and Angel’s shop opened in 2012 at 3 rue Paul-Louis Courrier right next to the rue du Bac in the 7th arrondissement (district). They explained to me the art of Spanish cuisine and told me about their top quality products. In their brand new bistro-restaurant Tourette, close by at 70 rue de Grenelle, they transform their products into appetizing dishes.

Continue reading “Around Faustine’s desk on the Rive Gauche: Spanish deli Ibérique Gourmet” »

Cour Damoye - Paris Property Group

Centrally located pied-à-terre for sale in Paris; 75011(border Marais)

This charming 1 bedroom apartment is located on a cobblestoned private pedestrian street off the Place de la Bastille. The quiet street and building are in a historically protected area free of typical Parisian street noise. This tranquil oasis from the bustling area surrounding it sits on the border between the Marais and Bastille areas. Its gates are closed at night for the comfort and security of its residents and during the day its ground floor shops and galleries are open to the public.

Continue reading “Centrally located pied-à-terre for sale in Paris; 75011(border Marais)” »

Ask Miranda - Property surveys required in France

Ask Miranda: what property surveys are required when selling a property in France?

I’m planning to sell my Paris apartment, which I bought in mid-2007. The deed of sale had a number of diagnostic reports attached. Which of these do I have to have redone, what paperwork do I need to supply and who pays for it all – me or the buyer?

Continue reading “Ask Miranda: what property surveys are required when selling a property in France?” »

Avenue Foch - Paris Property Group

Could Paris’s Avenue Foch become a pedestrian zone?

Things are heating up in Paris as we approach the municipal elections in March. As part of her pitch, Socialist Party candidate for Mayor Anne Hidalgo is supporting a proposal to transform Avenue Foch into a pedestrian zone.

Continue reading “Could Paris’s Avenue Foch become a pedestrian zone?” »

Parisian Door

Expenses you can offset against French capital gains tax

We have reported regularly on the changing capital gains tax landscape in France. Read our latest update here.

The capital gain is the difference between the price you pay for a property that is not your primary residence and the price you get when you sell it. However, there is a range of expenses, prescribed by French law, which you can add to the purchase price, thus reducing the capital gain. These need to be calculated before your capital gains tax liability can be assessed. Continue reading “Expenses you can offset against French capital gains tax” »

Ave Montaigne blog pics 3

Avenue Montaigne ranks in the Top 10 Most Expensive Streets Worldwide

A recent study reveals that the Avenue Montaigne in the 8th Arrondissement (district) is among the top 10 most expensive streets in the world for luxury real estate.

The study ranked streets by their average price per square meter. At the top came Pollock’s Path in Hong Kong at a substantial 120,000€/m2. Avenue Montaigne came just behind New York’s Fifth Avenue (29,000€/m2) with an average price of 28,000€/m2. Continue reading “Avenue Montaigne ranks in the Top 10 Most Expensive Streets Worldwide” »

Low interest rates - Paris Property Group

Low interest rates in France sustain demand for properties in Paris

Mortgage interest rates in France remain at their lowest for years at around 3%. French property experts consider that this helped to sustain the market for older properties (as opposed to new construction) in 2013. Continue reading “Low interest rates in France sustain demand for properties in Paris” »

FNAIM Map of Paris

Buy a home, not just a surface area, with the help of an interactive Paris real estate map

Properties in Paris are traditionally marketed by price per square meter. Now FNAIM, the trade association for realtors in Paris and the Ile-de-France region, has developed an interactive map. This allows you to identify the arrondissements (districts) that have properties in the price range and of the type you’re looking for. Continue reading “Buy a home, not just a surface area, with the help of an interactive Paris real estate map” »

City Of Paris Real Estate

The City of Paris lists its real estate and discloses its receipts from property sales

The City of Paris owns a substantial slice of the City of Light. Taking its lead from the French government, in 2013 City Hall listed and disclosed the extent of its real estate. It holds five million square meters of property – equivalent to around 17.4% of Paris’s total built real estate.

Continue reading “The City of Paris lists its real estate and discloses its receipts from property sales” »

Boulevard Raspail apartment for sale - Paris Property Group

Saint-Placide apartment for sale in Paris; 75006

This grand 4 bed, 3 bath, is well located in the Notre-Dame-des-Champs neighborhood, between the Luxembourg gardens and Saint-Placide.

Continue reading “Saint-Placide apartment for sale in Paris; 75006” »

Stamp Duty

Stamp duty on property sales in Paris will not increase as of March 1st 2014

Good news for real estate buyers in Paris: the City of Paris has decided not to increase its share of stamp duty on property sales as of March 1st 2014. That portion of stamp duty will remain at 3.8% of the purchase price instead of rising to 4.5%. Continue reading “Stamp duty on property sales in Paris will not increase as of March 1st 2014” »

Russian Othodox Center Paris

Planned Russian Orthodox Center on the Quai Branly gets the go-ahead

The Prefect of Paris and the Ile-de-France Region have given authorization to the Russian government to build a Russian Orthodox spiritual and cultural center on the Quai Branly in the 7th Arrondissement (district).

Continue reading “Planned Russian Orthodox Center on the Quai Branly gets the go-ahead” »

Bains Douches - Paris

A new luxury hotel is to open in the historic Bains-Douches building in the Paris Marais neighborhood

An historic building in the Marais neighborhood is to be renovated and converted into a 5-star hotel. Cinema producer and hotelier Jean-Pierre Marois plans a 39-room luxury hotel that will preserve the unique character of the Bains-Douches (literally, public baths) building, located at 7 rue du Bourg l’Abbé in the 3rd arrondissement (district). The hotel is scheduled to open in 2014.

Continue reading “A new luxury hotel is to open in the historic Bains-Douches building in the Paris Marais neighborhood” »

IPF Mortgage

French mortgage rates: will they stay low for longer or fall further?

Mortgage rates in France have been at historic lows in recent months. However, the outlook for the next move in interest rates has changed markedly over this period.

During the summer of 2013, commentators expected French mortgage rates to rise before the end of the year. In the early fall, this was pushed out to early spring 2014. The latest Eurozone inflation data has helped to delay rate rises into the current year.

Continue reading “French mortgage rates: will they stay low for longer or fall further?” »

5 Mars 51 rue de Verneuil - Around Faustine's Desk

Around Faustine’s desk on the Rive Gauche: restaurant le Cinq-Mars

Next up in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil, is an interview with Perrine Ciantelli, waitress at le Cinq-Mars.

Continue reading “Around Faustine’s desk on the Rive Gauche: restaurant le Cinq-Mars” »

Berlin Property for Sale - Unusual Spaces

Real estate in Berlin: an interview with property insider Nicole von Klencke

An interview with our collaborator Nicole von Klencke, owner-manager of Unusual Spaces in Berlin. She personally advises clients who seek high-end real estate tailored to their specific needs.

1.    What are your customers typically looking to buy?

Our customers want something special, so we offer only architecturally-interesting or exclusive properties with a fascinating history. Berlin’s 12 unique districts present a variety of urban character. Many clients want apartments in an exciting part of the city. For those looking for a family home, charming neighborhoods like Dahlem and Grunewald have a village atmosphere but are close to the city’s attractions. Continue reading “Real estate in Berlin: an interview with property insider Nicole von Klencke” »

Movie Rental Paris Apartment

How to rent your Paris property as a movie location

Renting your apartment to a film company as a location or for a photo shoot can be rewarding. How do you go about it and what are the issues?

Continue reading “How to rent your Paris property as a movie location” »

Haussmanian Building 2

Haussmannian buildings: the signature architecture of Paris

The way Paris looks today owes much to Baron Georges-Eugène Haussmann, Prefect of the Seine in the mid-19th century. The long, straight boulevards, magnificent open spaces and elegant façades that are everyone’s image of modern Paris arose from the ashes of tortuous medieval alleyways and overcrowded slums. Few houses had running water and disease was rife.

Continue reading “Haussmannian buildings: the signature architecture of Paris” »

Ebenisterie Outside - Around Faustine's Desk

Around Faustine’s desk on the Rive Gauche: an interview with cabinetmakers in the rue de Verneuil

Next up in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil, is an interview with cabinetmakers Laura and Yvan at the Ebénisterie Tapisserie de la rue de Verneuil.

Continue reading “Around Faustine’s desk on the Rive Gauche: an interview with cabinetmakers in the rue de Verneuil” »

European Union Regulations on Real Estate

European Union regulations on real estate inheritance as of August 17th 2015

Today, 21 million citizens of non-European Union (EU) countries live in a member state of the EU. Growing cross-border mobility and property ownership mean that beating a path through the jungle of inheritance law is becoming ever more necessary.

Continue reading “European Union regulations on real estate inheritance as of August 17th 2015” »

Metro Paris Subway Station

Real estate prices in Paris by subway station

In central Paris you are rarely more than 500 meters (1/3 mile) from a métro (subway) station – it’s one of the densest subway systems in the world. Since using the subway is such a convenient way of getting around the city, closeness to a station is a factor influencing property prices.

Continue reading “Real estate prices in Paris by subway station” »

Stamp Duty - Paris

The voluntary increase in stamp duty on French real estate transactions remains applicable from March 1st 2014

Real estate transactions in France are subject to stamp duty, which the buyer pays. The rate is currently 5.09% of the price of the property and breaks down into:

  • A departmental (county) tax of 3.80%. Paris is classified as a county.
  • A communal (municipal) tax of 1.20%. Each arrondissement (district) of Paris counts as a municipality.
  • A national tax equal to 2.37% of the county tax. In other words, 0.09% of the total stamp duty.

Continue reading “The voluntary increase in stamp duty on French real estate transactions remains applicable from March 1st 2014” »

Le Cacaotier-Paris

Around Faustine’s desk on the Rive Gauche: luxury chocolate shop Le Cacaotier

Next up in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil, is an interview with master chocolate maker Hubert Masse of Le Cacaotier.

Continue reading “Around Faustine’s desk on the Rive Gauche: luxury chocolate shop Le Cacaotier” »

Paris Notaires Prices Q2 2013

Paris real estate sales during the 3rd quarter of 2013

Paris notaires (officials who handle property transactions) recently issued figures for real estate sales during the 3rd quarter of 2013.

Real estate prices in Paris overall have seen a fall of 2.1% during the past 12 months but, in the 3rd quarter, they were slightly up on the same quarter in 2012. The average price for an existing property (as opposed to new construction) in Paris was 8,260 €/m2 – a 0.5% increase over the 3rd quarter of 2012.

Continue reading “Paris real estate sales during the 3rd quarter of 2013” »

La Samaritaine - Rue de Rivoli, Paris

Paris’s iconic department store la Samaritaine undergoes redevelopment

La Samaritaine, one of Paris’s iconic landmarks, is to be reborn following an ambitious makeover project. The famous department store, first opened in 1870, is situated between the Pont Neuf and the rue de Rivoli, close to the Louvre Museum. The 1st arrondissement (district) is the city’s luxury shop window, with some sought-after addresses.

Continue reading “Paris’s iconic department store la Samaritaine undergoes redevelopment” »

Eiffel Tower-Paris

A piece of the Paris landscape goes under the hammer as Eiffel Tower steps are auctioned off

Ask anyone which monument most symbolizes Paris and the answer is almost certain to be the Eiffel Tower. Since its completion in 1889, the 1,063-foot ‘Iron Lady’ has dominated the skyline of the City of Light and drawn millions of visitors. Not everyone appreciated Gustave Eiffel’s masterpiece at the time but now it’s one of the world’s best-loved sights. Continue reading “A piece of the Paris landscape goes under the hammer as Eiffel Tower steps are auctioned off” »

Palais Royal-Paris-Lindsay McCallum

Occupied Paris property: a forthcoming movie ‘My Old Lady’ puts the spotlight on French real estate law

Shooting in Paris has recently finished for a new movie that delves into an aspect of French real estate law – property that is already occupied.

‘My Old Lady’ stars Kevin Kline as a penniless New Yorker who has inherited a valuable Paris apartment from his father. Arriving in Paris to take possession, he finds an elderly lady (Maggie Smith) and her daughter (Kristin Scott Thomas) occupying the apartment. Under French law, he must wait for the old lady to die before he can recover it – and pay her a monthly sum.

Continue reading “Occupied Paris property: a forthcoming movie ‘My Old Lady’ puts the spotlight on French real estate law” »

Epicerie Générale

Around Faustine’s desk on the Rive Gauche: organic gourmet food shop l’Epicerie Générale

Next up in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil, is an interview with organic gourmet grocer Lucio Hornero.

Located at 43 rue de Verneuil in the 7th Arrondissement, l’Epicerie Générale, established in February 2011, offers the finest organic French fare from carefully-selected local producers. The selection reflects the owners’ passion for rustic, authentic food with a sound environmental track record and a minimal carbon footprint. This is gourmet with a conscience. Continue reading “Around Faustine’s desk on the Rive Gauche: organic gourmet food shop l’Epicerie Générale” »

Hotel de Sully

Tax relief on real estate sales in France: the latest on the capital gains regime

In August, we reported on the much-welcomed tax relief on real estate sales, which was immediately applied to any sale finalized after September 1, 2013. The changes were intended to offset the government’s wholesale revision of the capital gains tax laws in 2012, which had discouraged property owners from selling and thus significantly curbed the volume of sales. The new rules had a rapid effect on the market as sellers took advantage of the relief.

Continue reading “Tax relief on real estate sales in France: the latest on the capital gains regime” »

Laura

Paris renovation and decoration stories from the front lines: an apartment in the Marais neighborhood

The first in a series by our colleague, real estate developer and designer Laura Sanders, who handles fractional ownership for Paris Property Group. In these posts, she tells us about buying her apartment in the Marais and the renovation challenges it posed.

After making the decision to raid your savings and buy an apartment in Paris, you simply move into your beautifully-decorated apartment and start your fabulous new Parisian life, right? Continue reading “Paris renovation and decoration stories from the front lines: an apartment in the Marais neighborhood” »

Paris Property Group Office

Around Faustine’s desk on the Rive Gauche: when the dream becomes reality

Our office manager, Faustine Cressot, introduces a new series about the neighborhood around our office on rue de Verneuil with her view of Paris, her adopted home.

I am French but Paris is my second home too. I come from a small village in the French countryside, near the Swiss border. Nothing compares to the moment I first turned the key and opened the door into my own Parisian apartment. I have explored the city for the last four years from my home in the 3rd arrondissement (district), the historic Marais neighborhood. It is now full of foreign restaurants, trendy boutiques rubbing shoulders with mansions, and museums. The Marais also boasts some of the oldest surviving medieval architecture in Paris. Continue reading “Around Faustine’s desk on the Rive Gauche: when the dream becomes reality” »

Autumn in Paris

French real estate compared to other investment vehicles

In recent decades, bricks and mortar have proved the surest bet for a profitable investment over a 10-year period, according to a recent study. Real estate ranked ahead of shares in the CAC 40 (France’s top companies listing), gold and other favorite French investments, such as life insurance and the Livret A savings account. Continue reading “French real estate compared to other investment vehicles” »

Institut de France

Developments in French property sales to non-residents

The average price per sale of French properties to non-residents increased by 5% in 2012 over 2011, although transaction volumes contracted. Non-residents have their main residence outside France and are liable for taxation in their country of residence. Continue reading “Developments in French property sales to non-residents” »

Paris Property Group

Who Owns Paris Real Estate?

If courtiers of the Sun King, Louis XIV, came back today they would be astonished at the changes time has wrought on the City of Light. Not only has the architectural face of Paris altered but real estate ownership has also been transformed. Continue reading “Who Owns Paris Real Estate?” »

Paris Property Group

European Real Estate Trends: Foreign Investors Target Paris

The real estate market in Europe is experiencing significant variation by country in 2013. The good news is that, while France as a whole has seen a decline in residential property prices, Paris is attracting interest from non-European investors in particular this year  Continue reading “European Real Estate Trends: Foreign Investors Target Paris” »

Paris Property Group

Russian, Chinese and Middle Eastern buyers give the French prestige property market a boost

Buyers from outside Europe – notably from Russia, China and the Middle East – are snapping up French luxury homes in the absence of European purchasers.

France is one of the most popular choices for property investors from Russia and the former Soviet republics, such as Ukraine and Belarus. Mostly business leaders, they typically spend between one and 10 million euros. The main hunting grounds are the Côte d’Azur (60 percent), Paris (30 percent) and chic Alpine resorts. Continue reading “Russian, Chinese and Middle Eastern buyers give the French prestige property market a boost” »

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How to reduce the cost of co-ownership charges in Paris

Apartment buildings are subject to shared co-ownership expenses (charges de copropriété). Co-owners in Paris pay on average 48.9 euros/m2 per year for a building with all of the amenities below. For a 50m2, this adds up to 2,445 euros per year. But it’s worth noting that many buildings do not have the full range of facilities. Moreover, there are many ways of keeping these costs under control. Continue reading “How to reduce the cost of co-ownership charges in Paris” »

Musée d'Orsay

Real estate prices in Paris: a guided tour of the arrondissements

Following the trend throughout France, real estate prices are dipping slightly in almost every Paris arrondissement. This presents some great opportunities for buyers. Weekly news magazine l’Express questioned agents in each arrondissement to get their view of market trends. Continue reading “Real estate prices in Paris: a guided tour of the arrondissements” »

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Odéon apartment for sale; 75006 Paris

This charming sunny one bedroom courtyard apartment in a 17th century building is nestled on a quiet street in the Odéon area of Paris’ most highly prized district, the 6th arrondissement.   A row of tall windows in the living room and bedroom look out on the greenery in the quiet vine covered cobblestone courtyard, giving the impression of being in the countryside while in the heart of Paris.

Continue reading “Odéon apartment for sale; 75006 Paris” »

Mont-Cenis apartment for sale in Paris

Montmartre apartment for sale in Paris; 75018

This 57 m2 one bedroom apartment located on the 3rd floor without elevator of a 20th century building is in the charming and village-like Lamarck-Caulaincourt area of Montmartre, a stone’s throw from the buzzing and popular area of the Sacré Coeur. More private, protected and authentic, this neighborhood offers a multitude of trendy bars, family restaurants independent shops, butchers, bakeries and grocery stores.

Continue reading “Montmartre apartment for sale in Paris; 75018” »

France Leads Real Estate Market

France Leads European Real Estate

Financial regulators and rating agencies have named France the strongest real estate market in Europe.  According to reports by the Joint Forum and Standard & Poor’s, that strength is primarily due to two French banking trends in particular: a large number of secured loans, and strict lending criteria.

Continue reading “France Leads European Real Estate” »

12 ft. ceilings, living room

Grand Haussmannian apartment for sale in Paris; 75012

This elegant 4 bedroom Haussmanian corner apartment with high ceilings (12 ft.) overlooks the bell tower of the newly renovated Gare de Lyon in Paris’ 12th arrondissement.

On the first floor with elevator of a well maintained 19th century building with concierge, a wide gallery runs the length of the apartment.  The spacious living room faces south and west.  The separate dining room faces south and is adjacent to the eat-in kitchen that has been fully renovated with high quality equipment, cabinetry and marble countertops.  Continue reading “Grand Haussmannian apartment for sale in Paris; 75012” »

Capital Gain Tax

Tax relief on real estate sales in France: proposed changes seek to boost market volume

President Hollande has made good on his promise to pull back on the dramatic increases in taxes imposed on property sales in France over the last two years.  In releasing the details of the new plan, Budget Minister Bernard Cazeneuve cited the “perverse effects of the current system,” specifically the significant decrease in the volume of sales since changes in the law were realized in 2012.  The changes are important, and set to be implemented as of September 1, 2013.

Continue reading “Tax relief on real estate sales in France: proposed changes seek to boost market volume” »

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Paris Purchasing Power Up

According to the 1st quarter 2013 results of real estate barometer Capacim, purchasing power continues to rise for households throughout Ile de France. Over half (53.7%) of them are in the position to purchase a home in one of the principal communities in the department; one-third (33.4%) could purchase that home in Paris.

Continue reading “Paris Purchasing Power Up” »

Paris Turning Green

Paris Turning Green With … Plants

The city of Paris and the Paris Region Lab have announced the selection of 30 projects that the city will fund under the Green Innovations Initiative launched in March of this year. The Paris Region Lab is an association created by the city of Paris, whose mission is to promote creative and innovative public and private initiatives in Paris.

Continue reading “Paris Turning Green With … Plants” »

Facade

St. Ferdinand apartment for sale in Paris; 75017

This quiet sunny two bedroom apartment on the 3rd floor with elevator of a 19th century classic cut stone building is located between the Porte Maillot and the charming place St. Ferdinand in the 17th arrondissement.  It benefits from principally western exposure and its position overlooking courtyards on each side provides a haven in this bustling neighborhood.

Continue reading “St. Ferdinand apartment for sale in Paris; 75017” »

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Marais apartment for sale in Paris; rue Charlot, 75003

This upper Marais property benefits from its privileged position on one of the most sought after streets in the up and coming “Enfants-Rouge” neighborhood.  It is this quiet patch North of rue de Bretagne, between the Marais and République, where rue Charlot is becoming more “bohemian chic” than at its origins South of rue de Bretagne. This is mainly thanks to the popularity of the “Square du Temple”, which is just about to be rehabilitated, and the large number of young, trendy and alternative restaurants, shops and galleries that are popping up all over this charming village-like neighborhood. Continue reading “Marais apartment for sale in Paris; rue Charlot, 75003” »

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Carré des Antiquaires apartment for sale in Paris: rue de Verneuil, 75007

This quiet sunny fully renovated one bedroom apartment, located in the heart of one of the most sought after areas in Paris, the historic Carré des Antiquaires in the 7th arrondissement, is on the 4th floor without elevator of a 19th century building that overlooks a cobblestone courtyard. Continue reading “Carré des Antiquaires apartment for sale in Paris: rue de Verneuil, 75007” »

View Studio Apartment - rue de l'Université

Studio apartment with view for sale in Paris: Rue de l’Université, 75007

This charming Left Bank studio apartment on the top floor without elevator of an elegant stone and brick 1900 era building has a panoramic view and no vis à vis.  It overlooks the Seine, the Right Bank, period buildings and a former private mansion, now an embassy, and its lush gardens.

Continue reading “Studio apartment with view for sale in Paris: Rue de l’Université, 75007” »

France Selling State-Owned Properties

France to continue its energetic sales of state-owned property

Speaking to French weekly Les Echos on Wednesday, Budget Minister Bernard Cazeneuve expressed his hope to continue the strong pace of sales of state-owned property for the coming three years. 547 million euros in revenue from such sales was realized in 2012. “Between 2007 and 2011, the state realized about 4 billion euros in sales. This program has contributed about 15% of the debt reduction” that France has realized in the last years as we already explained in March 2012.

Continue reading “France to continue its energetic sales of state-owned property” »

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Ask Miranda : Can the co-owners prevent me from renting out my maid’s room ?

Question:

I have recently bought an apartment that included a chambre de bonne, with the intention of renting that out separately. The room has its own toilet and shower, and  from what I understood about city regulations, was large enough to be rented out for residential use. But when I was showing it to interested renters, one of my neighbors told me that the co-owners had voted several years ago to include a clause in the building rules forbidding the top floor maid’s rooms from being rented out separately (nearly all the owners in the building have one). Is this a valid restriction? Is there anything I can do to overturn that?

Continue reading “Ask Miranda : Can the co-owners prevent me from renting out my maid’s room ?” »

Notre-Dame-de-Paris

Bells are ringing in tune on the Ile de la Cité in Paris

As part of the jubilee celebration of the 850th anniversary of Paris’ Notre Dame de Paris, nine new bells were installed to replace four dilapidated bells in the renowned cathedral in the heart of the city. The new bells first rang on March 23rd, in time for Palm Sunday and Easter week. The sound of the new bells is impressive. Continue reading “Bells are ringing in tune on the Ile de la Cité in Paris” »

Seine sepia

Let’s make a deal (in Paris)

It may have snowed in Paris on March 12th, but the Paris real estate market is ready for its annual spring takeoff. Where do things stand for the interested buyer? Continue reading “Let’s make a deal (in Paris)” »

Concorde Hotel scooped up by Qatari investors

Qatari investors scoop up landmark hotels in Paris, the largest sale of its kind in Europe since 2011

The Concorde luxury hotels portfolio  – including the luxurious Hôtel du Louvre and Concorde Lafayette Hotel in Paris, sold to Constellation Hotels France, a Middle East-based investor with global hotel holdings. Jones Lang LaSalle Hotels represented the seller, Groupe du Louvre, a subsidiary of Starwood Capital. Starwood acquired the hotels as part of its takeover of Taittinger, in 2005. The company had been looking for a buyer for the past several years. Although the exact figure was not released, sources close to the deal reveal that the purchase price was between €700 and €750 million, the largest sale of its kind in Europe since 2011.

Eiffel Tower view from Dalida's Montmartre flat for sale

Luxury Paris apartment for sale in Dalida’s former Montmartre mansion

Perched high on a hill overlooking Paris in the highly prized Butte Montmartre neighborhood of the 18th arrondissement, a top floor duplex in Dalida’s former Montmartre home is currently on the market.

Continue reading “Luxury Paris apartment for sale in Dalida’s former Montmartre mansion” »

European Real Estate Market Expected to Improve in 2013

European real estate market expected to heat up in 2013

The climate is looking more favorable for real estate investment in Europe with many viewing the Eurozone debt crisis as a potential stimulus for activity, a new survey from Ernst & Young shows.  Both volumes and transaction size in 2013 are likely to exceed levels seen in 2012.

Continue reading “European real estate market expected to heat up in 2013” »

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Capital gains tax increased on second home sales in France

Within weeks of proposing a temporary 20% reduction in capital gains tax on second home sales in France the government has reversed course, increasing the tax on large gains instead.  Of course tax rates on long term capital gains are likely to change before today’s buyers need ever worry about them, but for the moment non-EU owners of second homes could be on the hook for taxes of over 50% on capital gains if they sell. Continue reading “Capital gains tax increased on second home sales in France” »

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Paris real estate market outlook for 2013

A buyers market this spring, but a stronger second half predicted.  MeilleursAgents.com, the notaires of Paris, and an article in Direct Matin yesterday, all have come out with their assessments of what transpired in the Paris real estate market during 2012 and what is predicted for 2013.  The market was relatively frozen during the fall of 2012 as buyers hoped for falling prices and sellers hoped to maintain the record pricing levels achieved at the end of 2011.   Since the beginning of the new year, however, the market seems more fluid and prices are decreasing somewhat.  This increased flexibility is expected to yield higher sales volumes and a stronger market later this year.

Continue reading “Paris real estate market outlook for 2013” »

French mortgage rates fall to new low

French Mortgage rates fall to new low of 3.31%

French mortgage rates are starting to spell good news for borrowers, dropping to 3.31% in November.  We could see a new record low if this trend continues.

Continue reading “French Mortgage rates fall to new low of 3.31%” »

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Hollande budget cuts: Will the city of lights go dark?

French President, Hollande, has apparently ordered all French shops, offices and public buildings to extinguish their nightlights between 1 a.m. and 7 a.m. as of July 2013, causing businesses dependent on tourists to wonder if the city is being penny-wise and pound-foolish with these cost cutting measures. Continue reading “Hollande budget cuts: Will the city of lights go dark?” »

Capital Gains Tax in France

Ask Miranda: Capital gains tax for non-resident second home owners in France – what’s the latest?

Question:  A client in process of buying a place in Paris just asked us to update him on the current status of capital gains tax in France.   Miranda says preparation can be key to minimizing tax. Continue reading “Ask Miranda: Capital gains tax for non-resident second home owners in France – what’s the latest?” »

Real Estate Paris

Real Estate Purchasing Power Improves in Paris

Parisian homebuyers will be pleased to know their purchasing power is on the rise.  The results of a study show that buyers are able to afford larger properties for the price in Paris and its inner suburbs, as well as in Lille, Lyon and Bordeaux.  The size of property a Parisian household can acquire with €1,000 per month on a 20-year term has risen to 26.4 m2, a 4.6% increase from the beginning of the year. Continue reading “Real Estate Purchasing Power Improves in Paris” »

Exploring the secret world under Paris

Imagine descending into a labyrinth underneath Paris via a manhole cover just next to the Arc de Triomphe, in the dead of night, to meet up with your buddies to dance, participate in a theatre production, or finish a mural that has been months in the making…That’s the secret life of the Parisian underground societies.  It’s a world most never get to see.

Continue reading “Exploring the secret world under Paris” »

Rue Mahler fractional ownership paris real estate investment

Paris fractional ownership property for sale in the Marais

One of our most sought-after fractional ownership properties located in the heart of the Marais now has one last share available. The 800 square foot (75 m2) apartment consists of two bedrooms, a gorgeous dine-in kitchen, beautiful interior décor, and most importantly- a sunny terrace in the back overlooking green space. A rare gem in Paris.

Continue reading “Paris fractional ownership property for sale in the Marais” »

Investing in Paris real estate, an agent's perspective.

Buying an apartment in Paris, an agent’s perspective

Jen Angotti, a licensed Virginia real estate agent, interviewed PPG founder Miranda Bothe about the ins and outs of investing in Paris real estate. This post was featured on her blog Concrete Jungle DC.  

Continue reading “Buying an apartment in Paris, an agent’s perspective” »

Paris real estate power

Paris real estate sales: revenues up and prices stable; metro project may benefit

The Council of Notaires releases its 2013 housing price projections and the UMP political party has some ideas on how Paris should spend the increased revenues generated from property transfer taxes. Continue reading “Paris real estate sales: revenues up and prices stable; metro project may benefit” »

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Paris real estate development projects 2013

Paris is known for its Haussmannian style apartment buildings, classic crown moldings and generally small living quarters.  In the next year, this perception may change, as Paris sees the completion of over 30 brand new real estate developments. From total building refurbishments, to demolition and modern apartment construction, we have compiled the crème de la crème when it comes to new real estate developments in Paris.

Continue reading “Paris real estate development projects 2013” »

No Skyscraper

Opinion: No skyscrapers on the periphery of Paris!

Paris is presently at a crossroads that, if unchecked, will ripple through the city for years to come with detrimental effect, says Leonard Pitt.  High-rise projects are planned for the 13th, 15th and 17th arrondissements, as well as La Defense, and he is committed to stopping this from happening.

Continue reading “Opinion: No skyscrapers on the periphery of Paris!” »

Peniche patio

Unique Paris real estate: Live on the Seine in your own péniche

What could be better than living on a boat?  What about living on a boat in Paris?  This gorgeous, 220m2 houseboat or péniche offers the opportunity to watch life go by on the Seine river from your own terrace. Continue reading “Unique Paris real estate: Live on the Seine in your own péniche” »

Hermitage Towers seine

Paris plans Europe’s tallest skyscrapers in La Défense

With plans to build the Hermitage Plaza towers in Paris’ La Défense business district, Paris will soon trump London as home to Europe’s tallest building.  Each of the two skyscrapers, towering in at 320-meters-tall, was designed by Continue reading “Paris plans Europe’s tallest skyscrapers in La Défense” »

Image by Architectural Digest, Interior design by Penny Drue Baird

Give your Paris apartment a make-over with 10 fresh ideas from Penny Drue Baird

Ever wonder how top designers can make a space feel wonderful with just a few touches here and there?   Luckily for us,  internationally known interior designer Penny Drue Baird shares with us her tips for simple ways to revive your living space. These tips are the perfect way to make an old space feel new, no matter where in the world you live.

Continue reading “Give your Paris apartment a make-over with 10 fresh ideas from Penny Drue Baird” »

Foreign Buyers

Paris Real Estate: Foreign buyers account for 40% of Paris property investment in 2012

According to a new report by real estate advisor Savills, foreign investors were responsible for 40% of real estate investment during the first 3 quarters of this year, up from 30% in the same period of last year. While Middle Eastern funds were dominant with 15% of all transactions, investment from Chinese, Swiss,  Swedish and Dutch investors also grew strongly during the period. In fact, Germans were the only ones pulling back from France, having made 8.5% of the investment in the first 3 quarters of 2011 they accounted for only 3% this year.

Continue reading “Paris Real Estate: Foreign buyers account for 40% of Paris property investment in 2012” »

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Luxury apartment with incredible terrace for sale in Paris’ 16th arrondissement

Located not far from the Bois de Boulogne and Jardin de Ranelagh in Paris’ 16th arrondissement, this one bedroom Paris apartment boasts a very rare 90m2 terrace and beautiful sunlit rooms. The 88m2 apartment is in a modern building, and is close to many of the neighborhood’s charming shops and markets.

Continue reading “Luxury apartment with incredible terrace for sale in Paris’ 16th arrondissement” »

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Ask Miranda: How long must I be a resident of France to escape capital gains on the sale of my home?

Question:  I own an apartment in Paris.  I am a US citizen.  I want to become a permanent resident in France.  Once I achieve residency, if I sell my apartment to purchase another apartment (bigger), do I pay capital gains tax? Is there a minimum time for the residency requirement?

Continue reading “Ask Miranda: How long must I be a resident of France to escape capital gains on the sale of my home?” »

cole porter home paris

Paris Luxury Property: Cole Porter’s private Parisian home for sale

Over the last three centuries, this private mansion tucked away on Paris’ left bank has been the home of aristocrats, royals, and playwrights alike – and has been most recently owned by Cole Porter.  Since his death in 1997, Cole Porter’s family has decided to sell the 10-bed, 6-bath home in Paris  (766 m2 / 8245 sq ft) for €40M.

Continue reading “Paris Luxury Property: Cole Porter’s private Parisian home for sale” »

Paris real estate capital gains?  Wait for next year?

Ask Miranda: Should we take an offer on our apartment now, or wait until 2013 for a reduced capital gains tax?

Is there any chance that if we stall on selling till 2013 that we can pay a reduced rate on capital gains tax? We have owned the property since 2008 and have spent a lot renovating it, but we do have an offer on the table now?

Continue reading “Ask Miranda: Should we take an offer on our apartment now, or wait until 2013 for a reduced capital gains tax?” »

Paris Real Estate Prices set new record

Paris Real Estate Prices: Paris sets a new record

The average price of existing homes in Paris reached a record €8,440 per square meter between June and August 2012(+1.2% in three months; +1.7% over one year). The figures were Continue reading “Paris Real Estate Prices: Paris sets a new record” »

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Luxury Paris apartment for sale in Saint Germain des Pres (6th arrondissement)

The owners of this fabulous apartment in Paris looked for two long years, living full time in Paris, before landing this apartment in an outstanding historic building dating from the 17th century.   Originally, all the rooms opened one into another through connecting doors aligned near the windows, with no hallways, the way buildings of that period were designed.

Continue reading “Luxury Paris apartment for sale in Saint Germain des Pres (6th arrondissement)” »

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Paris luxury apartment for sale: Rue Desaix, 75015

On the garden level (up 3 steps) of a beautiful 1900 building, this classic family apartment is flawless.  The building is enhanced by impeccable common areas maintained by a concierge. Continue reading “Paris luxury apartment for sale: Rue Desaix, 75015” »

Best boutique hotels in Paris France

10 (+1) of the best boutique hotels in Paris

We often get requests for Paris hotel recommendations, particularly from clients coming to Paris on their real estate shopping trip. In an article last year, our friend and Paris blogger Heather Stimmler-Hall scouted out her picks for 10 of the best boutique hotels on the Left Bank – that won’t break the bank. To round out her list, we add our personal choice of the best boutique hotel in all of Paris (river bank and piggy bank aside).

Continue reading “10 (+1) of the best boutique hotels in Paris” »

Champs-Elysées Real Estate Paris

Real estate prices in Paris France: An overview by arrondissement

Sales volume – meaning the number of real estate transactions – are down 20% in 2012 as compared with 2011. Although the best properties still sell quickly and at or near asking price, it has meant that Paris real estate buyers are getting some breathing room to separate the wheat from the chafe. “The market is moving at two speeds: prices for perfect well-located apartments remain stable, while those with undesirable features have lost 5 to 10%,” explains Jean-François of Milin Orpi of Felix Faure.  Here is a closer look, arrondissement by arrondissement, at real estate prices in Paris France.

Continue reading “Real estate prices in Paris France: An overview by arrondissement” »

Paris Who is Buying

Paris Real Estate: Who is buying?

In 2011, the most recent year with statistics available, just over half of the apartments sold in Paris were bought by unmarried individuals. A quarter of the sales went to Continue reading “Paris Real Estate: Who is buying?” »

Taxes in France, Changes may benefit foreigners

Taxes in France: Changes benefit foreign buyers, cause French to flee

The French press is abuzz with stories about 1+ million euro properties hitting the Paris real estate market in recent weeks as a result of looming tax-hikes.  What does this mean for the non-resident Paris lover ready to invest in a Paris pied-a-terre?  Could it be a short-term buying opportunity? Paris Property Group takes a look at the silver lining for foreign buyers.

Continue reading “Taxes in France: Changes benefit foreign buyers, cause French to flee” »

Paris real estate luring foreign buyers

French real estate luring foreign buyers

The French property market has been a good investment for many foreign buyers over the last year with prices of flats and houses rising in the most sought after areas.  Prices in the Paris region have risen by between 3.8% and 6.2% for houses and flats, according to data release by government controlled Notaires de France. Continue reading “French real estate luring foreign buyers” »

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Luxury Property for Sale in Paris: Rue de Bretagne, Paris 75003

Take a virtual walk through our latest property listing, a luxury three bedroom apartment in the lively Marais neighborhood.  Continue reading “Luxury Property for Sale in Paris: Rue de Bretagne, Paris 75003” »

Paris Real Estate Prices

Paris Real Estate Prices: Official Paris Notaires Market Update 2nd Q 2012

Sales of Existing (Ancien) Apartments

According to the most recent sales data available, from May to July 2012, 36,000 apartments were sold in Ile de France, marking a 21 to 22% decine compared to transactions concluded in the same time period in the two previous years. Continue reading “Paris Real Estate Prices: Official Paris Notaires Market Update 2nd Q 2012” »

Selling Real Estate in Paris

Selling real estate in Paris? 20% capital gains tax reduction proposed by French government for 2013

In response to the stark reduction in the volume of real estate sales nationwide and the resulting loss in capital gains tax revenue, President Hollande proposed to reduce the capital gains tax on real estate sales – for a limited time. Continue reading “Selling real estate in Paris? 20% capital gains tax reduction proposed by French government for 2013” »

European real estate prices not inflated

European real estate prices not inflated, Savills report concludes

Following an in-depth look at housing market behavior across Europe in recent years, the research arm of Savills Real Estate found that only Italy might be in for future drops in real estate prices. Continue reading “European real estate prices not inflated, Savills report concludes” »

garden hotel particulier brits investing in paris

France most popular real estate investment for UK buyers

 According to an annual study produced by the international mortgage specialist, Conti, France remains the most popular destination for international property investment among British buyers. Continue reading “France most popular real estate investment for UK buyers” »
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Paris Apartment for Sale: Rue de Bretagne, 75003

This is an elegant and charming 3 bedroom apartment (132,18 m² living space) with balconies and open views over the gorgeous park “Square du Temple” located in the Marais. Situated on the 1st floor (with elevator) of a well kept and prestigious Haussmannian building, the property has a lot of character.  It features Continue reading “Paris Apartment for Sale: Rue de Bretagne, 75003” »

Biennale des Antiquaires Paris- inside the Grand Palais by Karl Lagerfeld

Biennale des Antiquaires Paris: Designed by Karl Lagerfeld for the Grand Palais

The 26th Biennale des Antiquaires in happening now in Paris, with 122 galleries displaying some of the world’s most exquisite fine jewelry, art, and antiques. If you’re in the market for a new slew of diamonds, the perfect piece to round out your art collection, or some period interior decor items to fill your new Parisian apartment, the Biennale is the place to be this week.

The Beaux Arts architecture of the Grand Palais, with its high-arched glass ceilings, is the perfect setting to highlight the art and jewelry exhibited within. This year’s set was designed by Karl Lagerfeld, with the intent of creating a miniature Paris inside the impressive Beaux Art exhibition hall. Try visiting on a sunny day so you can appreciate the full beauty of the locale, the art, and of course, the diamonds. Continue reading “Biennale des Antiquaires Paris: Designed by Karl Lagerfeld for the Grand Palais” »

Paris Real Estate Prices

Paris real estate prices expected to set record highs

“There will be a new record in Paris,” according to Thierry Delesalle, a spokesman for the notaries of Paris, during a recent press conference, adding that the leading indicators point to higher prices in September and October.  The pricing declines seen in the fourth quarter 2011 and first quarter of 2012 seem to have fizzled.  Overall, real estate prices in Paris now stand at 2.5% over last year, but the gains vary widely by neighborhood.

Continue reading “Paris real estate prices expected to set record highs” »

Paris Real Estate Prices

Paris real estate prices rise, defying predictions

Real estate prices are rising in Paris, though property sales throughout France have slowed in the second quarter of 2012.  In contrast to Paris, prices are generally slightly lower elsewhere in France.

Continue reading “Paris real estate prices rise, defying predictions” »

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Capital gains and wealth tax in France: Paris notaires give special update

Last Thursday, the Chambre des Notaires in Paris held a special meeting open to the public to discuss the recent changes to the wealth and capital gains tax laws implemented by President Hollande.  Our managing partner, Kerstin Bachmann, was there in person to take notes.   Continue reading “Capital gains and wealth tax in France: Paris notaires give special update” »

7 reasons why Paris is a great investment

7 Reasons why Paris real estate is a great investment

Over the last months, the French media has been reveling in gloomy news about the French economy and more specifically about expected trends in the real estate market. But their predictions of a downturn ignore some fundamental facts.  It’s a great time to invest in Paris real estate and here’s why: Continue reading “7 Reasons why Paris real estate is a great investment” »

hotel lambert Luxury Property: 17th century private mansion on Île Saint-Louis undergoes controversial restoration

Luxury Property: 17th century private mansion on Île Saint-Louis undergoes controversial restoration

This private mansion has fallen under controversy in the last five years as its new owner, a brother of the Emir of Qatar, has embarked upon restoring it.  Located on the tip of Île Saint-Louis, in the 4th arrondissement, the Hotel Lambert, designed by architect Louis Le Vau was originally built between 1640 and 1644 for the financier Jean-Baptiste Lambert

Continue reading “Luxury Property: 17th century private mansion on Île Saint-Louis undergoes controversial restoration” »

grand palais french flag- Mortgage rates to remain low in France, good time for borrowers

Mortgage rates to remain low in France, good time for borrowers

It’s that time of the year again, the rentrée.  Each September marks a new work season, highlighted by predictions of the financial and real estate markets for the coming year. Continue reading “Mortgage rates to remain low in France, good time for borrowers” »

palais royal balls- foreign buyers, buying luxury real estate in paris, wealth tax laws

Changes to the wealth tax laws make structure and timing of property purchase key to good value

With the publication last Friday of the Amended Finance Law (Loi de Finance Rectificative 2012), the French government instituted an “extraordinary wealth contribution” retroactively effective as of January 1, 2012. Continue reading “Changes to the wealth tax laws make structure and timing of property purchase key to good value” »

gargoyle paris- End of exemption from social charges on real estate income of France’s non-resident property owners

End of exemption from social charges on real estate income of France’s non-resident property owners

The August lull that sends most Parisians running to the beaches for vacation did not slow the French government from passing important “rectifying” changes in the taxation of real estate gains, rental income and net wealth. Continue reading “End of exemption from social charges on real estate income of France’s non-resident property owners” »

Capital Gains Tax laws in France: substantial hikes to affect non-resident owners

Capital Gains Tax laws in France: substantial hikes to affect non-resident owners

Rental income and sales of investment property or second homes by French residents have always been subject to social security contributions (payroll taxes). The previous rate of 13.5% was raised to to 15.5% on July 1st of this year. Unlike in the United States, gains realized from the sale of a primary residence are not taxed at all. Continue reading “Capital Gains Tax laws in France: substantial hikes to affect non-resident owners” »

Paris/Melbourne

Finding traces of Paris in Melbourne, Australia

Dolly Daou refinds Paris in her new Melbourne home. 

Despite living in Australia most of my life, my francophone origins have meant that Paris has always held a special place for me. In 2007, finally catching my first glimpse of Paris from the air, I thought to myself, “this is home”. Continue reading “Finding traces of Paris in Melbourne, Australia” »

Buying smart: navigating the debate on short-term rental apartments in Paris

Mayor Delanoë continues to press his position that rentals of under one year (9 months to students) are unlawful unless the apartment in question has “commercial”, rather than “residential”, status. Like minds disagree as to whether this position is correct and sustainable in the courts, but either way there are some things that can be done to avoid problems.

Continue reading “Buying smart: navigating the debate on short-term rental apartments in Paris” »

Paris pedestrianisation plan- Paris giving the Seine back to the people with pedestrian walkways

Paris giving the Seine back to the people with pedestrian walkways

There are quite a few changes coming to the banks of the Seine river in upcoming years, including one that will transform the highway along the right and left banks into pedestrian walkways. Continue reading “Paris giving the Seine back to the people with pedestrian walkways” »

How to Maximize the Value of your Pied-à-Terre Apartment in Paris

As part of our YouTube video series, “Ask Miranda,” PPG Founder and President Miranda Bothe explains how to maximize the investment value of your vacation home in Paris. Continue reading “How to Maximize the Value of your Pied-à-Terre Apartment in Paris” »

Wealthy French fleeing tax hikes are offset by foreign investors buying luxury properties in Paris

Wealthy French fleeing tax hikes are offset by foreign investors buying luxury properties in Paris

President Hollande’s proposed income and wealth tax changes have caused at least some wealthy French residents to start looking for greener pastures with less burdensome taxes.

Continue reading “Wealthy French fleeing tax hikes are offset by foreign investors buying luxury properties in Paris” »

Paris vs. New York

Paris vs. New York: The Sale of Two Cities

Paris and New York are often compared for their sought-after real estate and interesting market characteristics.  But there are some startling differences as well.  Navigating the real estate market as a foreign buyer can be stressful if you don’t know the ropes. Continue reading “Paris vs. New York: The Sale of Two Cities” »

eiffel tower looking up real estate- Paris Real Estate Market May See History Repeat Itself

Paris Real Estate Market May See History Repeat Itself

History may be repeating itself in the Paris real estate market today.  At the peak of the market turmoil in 2008-2009, following the global credit crunch, sellers and buyers took a wait-and-see attitude, hoping that prices would see a marked decline. That didn’t happen, Continue reading “Paris Real Estate Market May See History Repeat Itself” »

Julia Hoagland of Brown Harris Stevens talks Paris and New York real estate markets

Agent Profile: Julia Hoagland of Brown Harris Stevens talks about the New York real estate market

PPG has an expansive network of real estate agents around the world, and is always plugged-into the latest news and updates from other markets.  With today’s global economy, knowing how other markets are faring is important and insightful. Continue reading “Agent Profile: Julia Hoagland of Brown Harris Stevens talks about the New York real estate market” »

Hottest restaurants in Paris from Bon Appetit Magazine

Bon Appetit Magazine: The hottest restaurants in Paris

Bon Appetit Magazine featured an online Paris guide series back in May, and we love their suggestions for the best tables to snag on your next trip to Paris.  They sat down with the food critics/bloggers behind Le Fooding and got their inside scoop on “where the cool kids are eating“, drinking, and taking it à emporter.

 

 

 

 

YouTube series explains how to buy an apartment in Paris

New “Ask Miranda” video series on YouTube explains how to buy an apartment in Paris

Paris Property Group has launched an online video series that shares insider information on how to find and buy the best property in Paris.  The video series, featuring President and Founder, Miranda Bothe, is titled after the popular section of our blog “Ask Miranda.”  In each video, Miranda answers one of our client’s questions, dispels a myth, or explains a nuance of the Paris real estate industry.  These tips and expert advice will benefit anyone looking to buy or sell property in Paris, France. Continue reading “New “Ask Miranda” video series on YouTube explains how to buy an apartment in Paris” »

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Happy Independence Day! Where to Celebrate the 4th of July in Paris, France

Whether you happen to be visiting Paris on the 4th of July, or an American ex-pat who has settled in the City of Lights, there are plenty of ways to celebrate American Independence Day  when you’re not on American soil. Continue reading “Happy Independence Day! Where to Celebrate the 4th of July in Paris, France” »

Paris Diner en Blanc 2011, White Dinner Paris 2011

The Super Chic, Super Secret Dîner en Blanc Tomorrow

Each summer, in the golden glow of the early evening light, thousands of people emerge from their apartments, dressed all in white, and head to a secret location for the picnic of all picnics. Continue reading “The Super Chic, Super Secret Dîner en Blanc Tomorrow” »

conciergerie

Common Mistakes When Buying Homes For Sale in Paris

Your buyer’s agent can mean the difference between you finding and successfully negotiating the purchase of your new pied-a-terre or you looking endlessly, but never landing that “perfect place”. Foreign real estate markets can be a scary place: different laws, potentially unscrupulous sellers, binding transactions taking place in another language. But avoiding these seven mistakes can help you have a strong, trusting relationship with your agent that will make navigating the process smooth and easy. Here’s how you can keep your relationship with your agent positive and productive. Continue reading “Common Mistakes When Buying Homes For Sale in Paris” »

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Ask Miranda: Have there been any changes to the “3% Tax” on an SCI?

Question: Have there been any recent changes or are any coming to the “3 percent tax”, as applied to an SCI, either with regard to the rules or the forms that must be filed each year? Continue reading “Ask Miranda: Have there been any changes to the “3% Tax” on an SCI?” »

Paris Property Group

Ask Miranda: Finders Fees and Licensed Real Estate Agents, What’s the Difference?

Question: Hi Miranda, 1) Another American I know has an organization that helps American’s find apartments for a “finder’s fee” of 2.5 %, saying she is not a real estate agent. How do you differ? Continue reading “Ask Miranda: Finders Fees and Licensed Real Estate Agents, What’s the Difference?” »

paris apartment eiffel tower view

Ask Miranda: What kind of corporation is an SCI?

Question: From the point of view of US IRS reporting, what kind of “Company” is an SCI? A Partnership? A Corporation? OR? Continue reading “Ask Miranda: What kind of corporation is an SCI?” »

paris picnic

The PPG Guide to Events & Exhibitions in Paris this June

Every summer in Paris, as soon as the weather turns nice after a harsh winter, terraces are full of patrons sipping on rosé wine, and parks are full of picnics.  Here’s our round up of the events beyond the cafés that you should be sure not to miss if you’re in the City of Lights this summer. Continue reading “The PPG Guide to Events & Exhibitions in Paris this June” »

Ernst & Young Economic Outlook Real Estate Market 2012

86% of Investors Believe Residential Real Estate Prices in France Will Increase or Remain Stable

Ernst & Young released a study this month surveying a significant grouping of active French real estate investors.  According to the report, 77% of investors surveyed believe that France will be an attractive investment market in 2012. Continue reading “86% of Investors Believe Residential Real Estate Prices in France Will Increase or Remain Stable” »

Paris Avenu Rapp Eiffel tower view- Rent Control: What’s the future of rent prices in Paris?

Rent Control: What’s the future of rent prices in Paris?

One hot topic following the election of President François Hollande is his plan to impose rent controls on French apartments.   Continue reading “Rent Control: What’s the future of rent prices in Paris?” »

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Ask Miranda: Do you have a sister site?

Question: Do you do anything for PACA real estate, notably Cannes? Do you have a sister site? Continue reading “Ask Miranda: Do you have a sister site?” »

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Outlook for Commercial Real Estate in Paris Looks Strong Through 2012

The last ten years have seen tremendous market growth in Paris, both in commercial and residential real estate. At the nadir of the market turmoil in 2008-2009, the greatest impact on Paris real estate Continue reading “Outlook for Commercial Real Estate in Paris Looks Strong Through 2012” »

Virtual Visit: Rue Malher Fractional Ownership Property,

Virtual Visit: Rue Malher Fractional Ownership Property

Located on the first floor (American 2nd) of a charming 18th century building in Marais style, this 807 square foot 2-bedroom, 2-bath apartment features a private terrace on a secluded courtyard. Nestled in the heart of the historic Marais, just a stone’s throw from the magnificent Place de Vosges, the apartment at rue Malher is the perfect spot for those seeking a relaxing and luxurious home from which to explore Paris. This charming apartment features a beautiful 100 square foot private terrace overlooking a secluded courtyard. Continue reading “Virtual Visit: Rue Malher Fractional Ownership Property” »

Paris Ranked Best in 2012 Urban Land Institute Investor Survey for Real Estate Investment in Europe,

Paris Ranked Best in 2012 Urban Land Institute Investor Survey for Real Estate Investment in Europe

Paris is the sixth-most-favoured market overall, and its retail, office, and hotel sectors are highly rated by investors looking for acquisitions. Investors reported that Paris and London offered the best opportunities in 2012. “The market has scale, liquidity, a reasonably protected legal framework, and a diverse range of tenants.” Continue reading “Paris Ranked Best in 2012 Urban Land Institute Investor Survey for Real Estate Investment in Europe” »

How Do Paris Real Estate Fees and Taxes Compare to Other Major Markets?

How Do Paris Real Estate Fees and Taxes Compare to Other Major Markets?

Purchase taxes on Paris apartments often give buyers pause; but how does Paris really stack up to other major real estate markets?

Continue reading “How Do Paris Real Estate Fees and Taxes Compare to Other Major Markets?” »

French Socialist Party (PS) presidential candidate Francois Hollande delivers a speech to supporters after winning the second round of the French presidential elections

What Can the Paris Real Estate Market Expect With Hollande as President?

With François Hollande as President, the first Socialist President elected since Mitterand, many are wondering how this will affect property values and taxes, as well as what other changes might be in store.

Continue reading “What Can the Paris Real Estate Market Expect With Hollande as President?” »

paris_eiffel_tower_skyline Where are international property buyers coming from?

Where are international property buyers coming from?

Take a look at these interesting numbers that break down from which countries international buyers are coming: Continue reading “Where are international property buyers coming from?” »

Capital Gains Tax Imposed on Foreign Property Sellers in France May Violate International Tax Treaties

Capital Gains Tax Imposed on Foreign Property Sellers in France May Violate International Tax Treaties

The higher rate of capital gains tax imposed on those who live outside of Europe’s borders is coming under important legal scrutiny.  Non-resident owners of French property are liable for capital gains tax in France upon sale.  They may also be liable in their home country, but in most cases bilateral tax treaties will France provide relief for the tax paid in France.

Continue reading “Capital Gains Tax Imposed on Foreign Property Sellers in France May Violate International Tax Treaties” »

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Ask Miranda: Capital Gains Rollover

Question: Is there a way to sell a second home property in France and “roll” the gain into another second home property without paying or paying a small capital gains tax? Continue reading “Ask Miranda: Capital Gains Rollover” »

Demand for Properties in Paris

Demand for High End Property In Paris Continues to Climb

The eurozone crisis isn’t fazing international property buyers in Paris.  In fact, in the second half of 2011, the Paris real estate market posted the highest sales numbers of all European countries, according to a report by CBRE.

Continue reading “Demand for High End Property In Paris Continues to Climb” »

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Paris Real Estate Prices Up 1% in March After a Slight Decline

Paris real estate prices went up 1% in March after several months slightly down according to MeilleursAgents.com.  Prices are up in much of the area surrounding Paris as well. Continue reading “Paris Real Estate Prices Up 1% in March After a Slight Decline” »

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Ask Miranda: Fractional Ownership

Question: What do you think is a reasonable price for a fractional? That is, if you think the true market price of a property is 500.000 euros, what would be a reasonable price for a 1/13th ownership? Would it make a difference if the months are fixed? Continue reading “Ask Miranda: Fractional Ownership” »

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Ask Miranda: Haussmann’s Paris

Question: How did Haussmann pay for the renovation of Paris?

Answer: I had to go to Wikipedia for this one because I didn’t know. After all things were not in good shape after the revolution! Wikipedia says Napoleon III, and engineers such as Michel Chevalier or entrepreneurs like the Pereire brothers, believed that Continue reading “Ask Miranda: Haussmann’s Paris” »

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Ask Miranda: Favorite Paris Neighborhood

Question: Hi Miranda, what is your favorite arrondissement or neighborhood and why? Continue reading “Ask Miranda: Favorite Paris Neighborhood” »

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2012 Wealth Tax Update

Wealth Tax Reform

Beginning in 2012, if your net wealth in France exceeds €1.3m, the total value is subject to wealth tax.  Previously €800K could be exempted, but not anymore.  If your property is valued at less than €1.3M no wealth tax reporting is required.   The good news is that Continue reading “2012 Wealth Tax Update” »

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Market Update: What’s in Store for 2012 and Beyond?

A number of factors are exerting downward pressure on the Paris real estate market, including tax reform, rising interest rates and the Euro zone crisis.  But, global factors, such as an influx of buyers from Continue reading “Market Update: What’s in Store for 2012 and Beyond?” »

This project was featured prominently in a magazine.

Ask Miranda: Business Development Opportunities

Question: Hi Miranda, Our short term apartment rental agency receives requests from our anglophone clientele time to time on advise on how to purchase properties in Paris. We would be interested in discussing potential business development opportunities with you.

Answer: Hi, please let me know how to reach you. We often find properties for clients who have been renting short term, but decide they would like to own their own pied-a-terre and rent through the agency they have built that relationship with. We understand what makes a great rental property. I would be happy to talk with you about how we can work together. You can reach me at Contact@parispropertygroup.com.

For more questions regarding Paris real estate check out our FAQ.

my little paris

Best of Paris from My Little Paris

Here’s a fun map from the writers at My Little Paris with some of their picks for Paris’ best hidden restaurants, bars, and shops.

 

Paris Beyond the Boulevards

Paris: Beyond the Boulevards

There comes a time in every love affair when you look beyond the charm and the beautiful face and learn whether the real substance is there.  With Paris there is always more to learn. Paris is a collection of villages, each with it’s own charm, personality and history.  Once you’ve discovered this Paris you’ll never want to go back Continue reading “Paris: Beyond the Boulevards” »

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Ask Miranda: Where Should We Start?

Question: Hi Miranda, So great to find your company, I’m from the Bay Area and will be traveling to Paris for vacation, just happened to see this web-site. In mid-term, I would love to own a property in Paris – 1/2 bed/1 bath will be fine. Where should we start?

Continue reading “Ask Miranda: Where Should We Start?” »

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Betsy and Alon Kasha turn their Parisian Pied-à-Terre into a business

Part of the process of buying an apartment in Paris is knowing that once you’ve purchased it, there will most always be some renovating, touching up, and personalizing to do before it really feels like home. Continue reading “Betsy and Alon Kasha turn their Parisian Pied-à-Terre into a business” »

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PPG on HGTV- House Hunters International

We’re pretty familiar with the HGTV crew through our past appearances on their TV show, House Hunters International.  But our most recent episode, where we help the founder of our sister company find a luxurious apartment in Paris is one of our favorite episodes of all time. Continue reading “PPG on HGTV- House Hunters International” »

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Foreign buyers keeping luxury real estate in Paris on the rise

The economic crisis in Europe seems not to have deterred foreign buyers from investing in Paris real estate.

According to Euronews, French real estate agents are reporting sales of luxury Continue reading “Foreign buyers keeping luxury real estate in Paris on the rise” »

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Paris real estate posts exceptional gains in the second half of 2011

 

Paris has been named one of the best performing cities for real estate investment following it’s impressive price growth in 2011.   Continue reading “Paris real estate posts exceptional gains in the second half of 2011” »

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Dream French Riviera Estate for Sale $28 Million

A true fairy tale- one of the world’s most beautiful princesses is selling her Mediterranean villa for a cool €21 Million, or $28 Million.   Continue reading “Dream French Riviera Estate for Sale $28 Million” »

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$14 billion of Paris real estate sold in 2011; real estate purchase volumes up worldwide

According to Jones Lang LaSalle in its 2011 Global Capital Flows report, there was US$411 billion of direct commercial investment globally in 2011, a 28% increase over 2010.  Continue reading “$14 billion of Paris real estate sold in 2011; real estate purchase volumes up worldwide” »

PPG Pinterest

Paris Property Group on Pinterest

PPG is now on Pinterest! Follow our pinboards full of beautiful pictures of Paris monuments, sights, vintage pictures, and more. What’s not to love about the beauty of Paris?

http://pinterest.com/thisparislife/

 

 

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French government selling more real estate in Paris and around the country

Barracks, land, old prisons, offices, mansions, houses and apartments: over the next 3 years, the French government is planning the sale of nearly 2000 properties in Paris and throughout France, for an expected 2.2 billion euros in revenue. Continue reading “French government selling more real estate in Paris and around the country” »

Ed Alcock for The New York Times

Factory Turned Chic Parisian Apartment

The New York Times featured a telling story last summer of a young couple moving from London to Paris, bringing their Paris real estate dream to life. As property prices in Paris have soared in recent years, bolder buyers are moving away further and further away from Continue reading “Factory Turned Chic Parisian Apartment” »

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Making Your Real Estate Dream Come True: by Miranda Bothe

In May of 2011, the President of PPG contributed a post to the lovely HiP Paris Blog…it tugs on the heart strings of making your real estate dreams in Paris come true. Have a read: Continue reading “Making Your Real Estate Dream Come True: by Miranda Bothe” »

Foreign Currencies & Mortgages

Foreign Currencies & Mortgages

When dealing with multiple currencies, setting up a mortgage safeguard to hedge against currency fluctuations is an important part of any smart investment strategy. Working through mainstream banks to do that can be time consuming and inconvenient. Continue reading “Foreign Currencies & Mortgages” »

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Guide to French Mortgages

Guide to French Mortgages

Eligibility & criteria
All of the mortgages sourced by French Mortgage Broker International Private Finance are in Euros and secured against French residential property.  French mortgages are full status and therefore proof of income and outgoings are required to submit an application to a lender.  The maximum loan to value available is 90% of the purchase price which can include estate agent’s fees but not notaire’s fees. Continue reading “Guide to French Mortgages” »

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Which neighborhoods are luring foreign buyers to Paris?

Despite the hard times that have faced France and the European economy in the last year, real estate in the French capital is still providing a safe and sustainable investment.  Prices in Paris rose a historic 2.7% in the last quarter of 2011, making Paris reputably some of the most expensive ‘bricks & mortar’ in the world. Continue reading “Which neighborhoods are luring foreign buyers to Paris?” »

French Mortgage Market

What’s in store for French mortgage markets in 2012?

2011 has undoubtedly been a turbulent year in the financial markets which have had an impact on many people’s decisions as to whether or not they will proceed with their dream purchase in France. Continue reading “What’s in store for French mortgage markets in 2012?” »

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Paris Buildings: A Brief History

Paris, France, is an unusually coherent architectural creature. Paris’ modern buildings have developed gradually out of earlier styles; palaces and mansions have survived by transforming into apartments and shops, and most streets harbor a range of buildings from various centuries. Our Paris guide traces Continue reading “Paris Buildings: A Brief History” »

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Baron Haussmann and the Transformation of Paris

Bonjour! Baron Haussmann, the man responsible for the transformation of the capital city into the magnificent “City of Light” that we all know and love to visit. Continue reading “Baron Haussmann and the Transformation of Paris” »
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Paris and the Champs Elysées

Bonjour! We could not resist a leisurely walk through the most beautiful sections of the “City of Light” to promenade down the world’s most elegant avenue: the Champs-Elysées.  Continue reading “Paris and the Champs Elysées” »
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Discovering Montmartre

 

Bonjour! Let’s share a visit to a Parisian neighborhood, one particularly picturesque and charming. Far more than a just a district, this small village in the heart of the big city is an oasis of peace, that has kept its soul of long ago, and its bohemian spirit: Montmartre. Continue reading “Discovering Montmartre” »
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The Bridges of Paris

Bonjour! Let’s take a stroll through central Paris. We will follow the Seine River as it winds it way through the capital city for more than 14 kilometers, and remember some of the most distinctive of the 33 bridges that cross it. Continue reading “The Bridges of Paris” »

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Property Tax in Paris: Not as expensive as you thought

Property taxes are everywhere in the world, but in France, there are two particular types you need to know about.  First, the taxe foncière, a property tax for which the owner is liable, and a taxe d’habitation, for which Continue reading “Property Tax in Paris: Not as expensive as you thought” »

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Southern France and Paris as Property Investments

A study released by The Move Channel shows that the majority of French property searches online are focused on the Southern region of Provence, the Alps, and Côte d’Azur.  This may come as a surprise to most, but the region has many beautiful features, perfect for a vacation home. Continue reading “Southern France and Paris as Property Investments” »

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Paris apartment for sale: Rue de Grenelle 75007

Bedrooms: 2
Bathrooms: 3
Floor: 4th floor (with elevator)
Size: 140 m2 (1507 square feet)
Price: € 1,895,000

A stunning, 1507 square foot, two bedroom, three bathroom apartment with a view of the Eiffel Tower in Paris’ elegant 7th arrondissement. Continue reading “Paris apartment for sale: Rue de Grenelle 75007” »

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Restoration of a Historic Paris Apartment

A historic building, part of the gorgeous Palais Royal in Paris’ 1st Arrondissement, that dates back to the times of Cardinal Richelieu in 1629, was recently renovated by New Yorker Amanda Sykes.  After convincing the French bank who has owned the building for years and years that she could rent the apartment and oversee the renovations, Sykes put her design skills to work. Continue reading “Restoration of a Historic Paris Apartment” »

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Paris: a sure investment for a diverse, international clientele

High end real estate has taken off after the financial crisis of 2010 in cities like Paris, London, and New York.  Prices rose 20% in Paris between January 2010 and January 2011, according to Nestoria.  But how is this so when the economic outlook is so dark?  The answer is massive foreign investment.  

Continue reading “Paris: a sure investment for a diverse, international clientele” »

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Tips for selling your apartment in Paris

Your apartment in Paris is a big investment.  Focusing on a few key details can help maximize your return when it’s time to sell.  Setting a high, but attainable price is a good first step that will help your property to go quickly with a flurry of bidders.  Taking steps to minimize your capital gains tax should be another important focus.  Proper preparation can help you navigate the process from a position of strength.

Continue reading “Tips for selling your apartment in Paris” »

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What real estate $50 Million can get you in Paris

Have an extra $50 million to spend? Well, even if you don’t, it’s fun to imagine buying your own private mansion in one of Paris’ premiere neighborhoods. This historic 10,700 square foot, 10 bedroom, 10 bathroom private mansion located near Place des Victoires has been renovated into separate luxury apartments while preserving the architectural details, including imposing fireplaces, wood and plasterwork, some dating back hundreds of years. Continue reading “What real estate $50 Million can get you in Paris” »

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Snapshot: Catching up with Penny Drue Baird

Recently we had a chance to catch up with Penny Drue Baird, author and interior designer extraordinaire.  She enjoys working with clients on both sides of the Atlantic, with a particular love for Paris. We were glad to have a chance to sit down and speak with her.  Continue reading “Snapshot: Catching up with Penny Drue Baird” »

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Who owns investment property in France and from which countries do most short term rental visitors come?

An interesting look at who owns investment property that is rented out short term in France and who their renters are.  Perhaps unsurprisingly over 80% of all short term rental apartments are owned by French, followed by Italian, American and Swiss owners.

Continue reading “Who owns investment property in France and from which countries do most short term rental visitors come?” »

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Before & After: Rue du Près aux Clercs

The client, an attorney from the Philippines, hoped to find a pied-á-terre on a quiet street near the charm and bustle of the 6th arrondissement. Continue reading “Before & After: Rue du Près aux Clercs” »

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Higher tax bills coming: New law closes loop holes on French wealth tax

A new law enacted July 2011 significantly alters existing tax and trust rules in France. The new law affects the wealth tax, gifts and inheritances and trusts beginning in 2012, and in some cases is applied retroactively. Tax will now be imposed on all wealth in France over Continue reading “Higher tax bills coming: New law closes loop holes on French wealth tax” »

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Maximize the potential of your property investment

Having the right information and choosing the right ownership structure can be key to maximizing the potential of your property investment. Continue reading “Maximize the potential of your property investment” »

Kitchen/Dining/Master Before & After

Before & After: rue des Martyrs

These Australian clients (she’s a food writer and restaurant critic, he’s an engineer and businessman) were referred to us by another client.  They wanted to find a 2-bedroom apartment in an eclectic, up and coming neighborhood that would have an authentic feel, away from the tourist zones. Continue reading “Before & After: rue des Martyrs” »

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Before & After: Avenue Rapp

Clients from the Philippines, a lawyer and a businessman, sought a very rare combination: a 2 bedroom, 2 bath apartment with major Eiffel Tower views.   Now a beautiful Paris vacation rental, the central hub of the apartment is the kitchen, the rest of the space Continue reading “Before & After: Avenue Rapp” »

“We love paris property group – You all were just wonderful!   We were so extremely impressed with the efficiency and competence  of everyone on your staff.  It was a pleasure working with you, Kathryn and Jerome.”

Nikki B
Los Altos Hills, CA

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After I have settled into my apartment, what are my continuing obligations?

Property owners who spend less than 184 days a year in France and do not pay income taxes in France are considered “non-resident.”

Non-resident owners are expected to: Continue reading “After I have settled into my apartment, what are my continuing obligations?” »

Mayor tries to stop vacation rentals in Paris

Paris Mayor Delanoë sets his sights on owners of multiple vacation properties

Despite his threat to vigorously prosecute and end short-term rentals in Paris, to date Mayor Delanoë’s office has done little more than cause a scare. Capital magazine, a Paris-based monthly, interviews Jean-Marc Agnes, President of the Association of Professionals Holiday Rentals (APLM), to get the latest Continue reading “Paris Mayor Delanoë sets his sights on owners of multiple vacation properties” »

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Before & After: rue Pigalle

This Australian client wanted to find a 2-bedroom pied à terre in a period building with good bones. Continue reading “Before & After: rue Pigalle” »

Paris Property Group

What are the necessary steps for purchasing a property in France?

The essential purchase process is divided into two stages.  First, the purchase is formalized by a preliminary contract that may be prepared by a notaire – a promesse de vente - or by an estate agent or privately between the parties – a compromis de vente.

In either case, the seller is obligated to sell immediately upon signature, whereas Continue reading “What are the necessary steps for purchasing a property in France?” »

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Who pays the broker fees? Buyer or Seller?

Agency fees are included in the advertised listing price for a property. Listing fees are ordinarily about 5%. The purchase can be structured Continue reading “Who pays the broker fees? Buyer or Seller?” »

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What should I know about property inspection in France?

Property purchase in France requires the seller to provide to the buyer the results of 6 required diagnostic examinations of the property: Continue reading “What should I know about property inspection in France?” »

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Big capital gains tax changes in store for second home owners in France

In France, no capital gains tax is paid on the sale of a primary residence. However for second homeowners big changes are looming. Continue reading “Big capital gains tax changes in store for second home owners in France” »

Apartment Rental by Visitors in Paris

Paris tries to keep apartments from being rented by visitors

The allure of living in a Paris pied-à-terre for a week or month, and paying much less than for a hotel room, has created strong demand for vacation rentals in Paris. But its growing popularity has raised the ire of hotels and residential property owners. Continue reading “Paris tries to keep apartments from being rented by visitors” »

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Picasso’s first workshop for sale in Paris

One hundred years ago, a 19-year-old artist named Picasso settled into an atelier along the cobblestone streets of the 18th arrondissement in Paris.  Today, Picasso’s first Montmartre workshop has been converted into an apartment and is now on the market for €1,500,000. Continue reading “Picasso’s first workshop for sale in Paris” »

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How you can own a piece of the French countryside

Normally, property in France doesn’t come cheap. But thanks to judicial reforms, there are a number of small-town courthouses priced to sell. Continue reading “How you can own a piece of the French countryside” »

Paris Property Group

Short term rentals in Paris: what’s the story?

A flurry of articles in the French and international press (including the New York Times) created an outcry about a year ago about a crack-down by Mayor Delanoë’s office on short-term rentals of Paris apartments. Continue reading “Short term rentals in Paris: what’s the story?” »

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Is your Paris pied-à-terre also a great investment?

You’d like to buy property in Paris, but you’re not sure whether it’s also the right investment property. For many buyers, particularly in the most coveted neighborhoods, short-term rentals provide great income to offset costs and expenses. It’s important to understand what the key components are that create lasting value. Continue reading “Is your Paris pied-à-terre also a great investment?” »

Assemblée Générale de Copropriété

What is an assemblée générale de copropriété? 

The assemblée générale de copropriété is the annual business meeting of the co-owners association in a building. The meeting is called by the building management company, or syndic, who also presides over the meeting. Continue reading “What is an assemblée générale de copropriété? ” »

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How much capital gains tax will I have to pay when I sell my French property?

There is no capital gains tax on the sale of a primary residence in France.

For a secondary residence owned either individually or through an SCI, the amount of capital gains owed at the time of sale is determined by Continue reading “How much capital gains tax will I have to pay when I sell my French property?” »

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What is the difference between a compromis de vente and a promesse de vente?

A compromis de vente is a mutual obligation of the buyer (to buy) and the seller (to sell). Literally translating as “a promise to sell,” the promesse de vente is a unilateral obligation to sell.

There are two substantial drawbacks to a compromis de vente: Continue reading “What is the difference between a compromis de vente and a promesse de vente?” »

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How much are Notaire fees on the purchase?

The buyer should normally expect to pay fees and taxes of about 6.5-7.5% of the purchase price. These break down roughly as follows: Continue reading “How much are Notaire fees on the purchase?” »

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What is the role of the Notaire?

The notaire is a public official with legal training (but different from a lawyer) who prepares and registers official acts such as wills and property ownership transfers. Notaires enjoy a very privileged and highly respected position in French society. Continue reading “What is the role of the Notaire?” »