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Asian and Middle Eastern investors target the Paris region

In the context of the dynamic commercial property market in Paris, Asian and Middle Eastern institutions have targeted the city for property investments.

Recent research shows that sovereign wealth funds, insurance companies and developers have invested heavily in cross-border investments during the past two years. In 2013, total investment amounted to around $22 billion (€18.5 billion). The total for 2014 is expected to exceed that sum.

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Property investment manager AEW plans to spend €4 billion on European real estate

Real estate investment manager AEW Europe intends to spend up to €4 billion on European property over the next three years. Demand for commercial property from Asian investors is particularly strong.

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Paris is judged the best city for students for the third year running

For the third year running, Paris has been ranked first among 50 cities for its attractiveness to students, ahead of Melbourne and London.

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St. Germain des Près apartment for sale in Paris; 75006

This spacious impeccably renovated 3 bedroom 2 ½ bath property is nestled on a quiet street just steps from the Seine and the Ile de la Cité. On the first floor without elevator of a well maintained 17th century building, it has 11 foot ceilings and beautiful wood flooring. It is located in a historic and highly sought after area of St. Germain des Près known for its art galleries, restaurants and boutiques.

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A European Court ruling will result in France reimbursing millions of euros to foreigners overtaxed on real estate sales and rentals

Since August 2012, non-residents who sell a property in France, or derive income from property rentals, have had to pay social charges totaling 15.5% on the net capital gain or the income. A recent judgment by the European Court of Justice (ECJ) has overturned this rule.

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The latest official figures show that sales volumes of Paris property rose during 2014 but prices dipped

During 2014, the number of sales of apartments in period buildings in Paris increased by 2% compared to 2013, but real estate prices decreased by 2.1%. These are the conclusions of the quarterly report for the 4th quarter of 2014 issued by the notaires, officials who handle property transactions in France.

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French appeals court halts the renovation of the iconic Paris department store La Samaritaine

A French court of appeal recently blocked the restoration of the former Paris department store La Samaritaine on the grounds that its Rue de Rivoli façade does not match its historic setting. We reported on the renovations here.

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Paris real estate remains a good investment in 2015

Residential real estate has traditionally been considered a good investment, and property in Paris remains so for 2015, says French weekly magazine L’Express. Several factors currently work in favor of property buyers in the City of Light.

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France reduces capital gains tax on real estate sold by non-EU residents

Marilyn Benichou, Senior Counsel of Paris law firm De Gaulle, Fleurance & Associés explains some changes to French regulations about capital gains tax that apply to non-residents.

From January 1st 2015, the French government introduced a number of changes to the capital gains tax regime, by means of the revised Finance Law 2014 and the Finance Law 2015.  Continue reading “France reduces capital gains tax on real estate sold by non-EU residents” »

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Porte Dauphine apartment for sale in Paris; 75116

Located on a quiet residential street just off Paris’ grand avenue Foch between the Arc de Triomphe and the Bois de Boulogne, this 19.12 m2 studio apartment with air conditioning is on the top (5th) floor without elevator in a beautiful Haussmannian building. The exclusive St. James Club and the Victor Hugo shopping district are both in close walking distance.

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