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Invest in Paris: luxury real estate market growth predicted for 2018 and beyond
According to Knight Frank’s Annual Prime International Residential Index (PIRI 100), which tracks and predicts price changes in major global prime residential markets, Paris is predicted to outperform 12 other major international cities with a price growth of 9.0% expected for 2018.
This is good news for investors namely from the US, Middle East, and Europe, who are once again taking keen interest in the capital after a solid performance in 2017: last year, among other European cities on the index, Paris placed third with a growth of 12.0%.
Knight Frank’s City Wealth Index shows promising developments for the capital as well. The index, showcasing the cities around the globe that matter most among ultra high-net-worth individuals, classes Paris fifth in terms of future GDP and seventh for lifestyle out of 20 cities.
The reason for this positive growth over the past two years can be linked to the Macron presidency’s pro-business take on the economy, which has spurred interest for luxury property buyers in the area and abroad. This prosperity can only be expected to sustain, especially with Paris as host of the 2024 Olympic games.
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