This Paris Life

Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris

Paris named one of the best places in the world

Paris never ceases to top the charts. Undeniably one of the most beautiful and attractive cities in the world, terrorist threats have not been enough to keep the city down, and visitors continue to flock to the beloved city.

According to Mastercard, Paris ranked the 3rd most visited city in the world in its seventh annual Global Destinations Cities. Placing the city behind Bangkok at 21.47M and London at 19.88M, the report estimates that Paris hosted 18.03M international overnight visitors by the end of 2016, a 2.1% increase from 2015.

About 35% of all international visitors in Paris are from outside of Europe, while the main countries accounting for its international visitors are the United Kingdom, at 11% of the total, followed by US at 9%, Italy at 8%, and Spain and Germany at 7%. The report also found that visitors spend about half of their expenditures on accommodation, and that December and March-May are the peak months for visiting the city.

IESE Business School’s “Cities in Motion” Index ranked Paris 3rd overall after New York City and London. It ranked first in the International Outreach category, being the city where the most international conferences and meetings are organized. The headquarter location for almost half of large French companies, it attracts thousands of international corporations.

QS ranked Paris as the best city in the world for students for the fourth year in a row. With its high concentration of internationally ranking universities and affordable tuition fees, Paris has produced some of the most important intellectuals and movements of the last 100 years and its graduates are sought after by employers all around the world.

Paris-Charles de Gaulle airport is ranked first for cargo in Europe and second by passenger numbers after London Heathrow. With 170 investment projects underway in the French capital, the Global Cities Investment Monitor ranked the Paris 3rd after London and Shanghai. A.T. Kearney’s Global Cities Index also ranked Paris 3rd, Brookings’ Global Metro Monitor Map ranked Paris 6th, the Economist’s Global City Competitiveness Index ranked Paris 7th and the United Nations’ City Prosperity Index ranked Paris 9th.

The first ever Alpha Cities Index, which aims to determine the most desirable city in which to buy high end homes, based on practical, emotional and financial factors, has been compiled by Warburg Realty and Barnes International Realty in association with Wealth-X. Paris ranked 5th with a score of 60 out of 100 (average of the score on each of the three categories), after London, New York, Tokyo and Sydney.

Condé Nast Traveler recently ranked the city 7th in its list of the 50 most beautiful cities in the world while Buzzfeed ranked Paris 4th in its 20 Most Beautiful Cities in The World in a 2014 ranking. Paris has not been forgotten. It remains one of the most desirable places to be, as it has been for centuries.

Paris Property Group works with discerning clients to realize their real estate dreams in Paris.


Photo credit:  Mustang Joe

Contact Paris Property Group to learn more about buying or selling property in Paris.

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