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.

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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.

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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” »

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.

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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” »

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.

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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” »

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” »

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.

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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?” »