Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
Paris: still the best city to live in.
The City of Light, the city of a hundred villages, the city of love, the capital of fashion, the capital of the art of living….Paris. Whatever its nickname, it captures the hearts of people around the world. It is not only a playground for tourists, it is also a dream for many expats to actually live life in the City of Life. It is not only the monuments, the luxury, gastronomy, architecture and fashion, but the diversity of nationalities who live there that make it one of the most beautiful cities in the world. So if you are lucky enough to already be in Paris, you should stay, and if you are thinking of a move, don’t hesitate.
Investing in Paris is Always A Good Idea
The euro is still weak at the moment, making property in Paris relatively less expensive for buyers from non-euro currencies. Not to mention that bricks and mortar properties in “old Europe” cities are an extremely safe investment long term – limited in supply and always sought after. It’s an asset that seldom devalues and Paris, specifically, is consistently named one of the best real estate markets in the world for investment. It offers consistent growth, yielding an average long term price gain of 10% per year over the past 40 years. If moving to a foreign country sounds intimidating, it may help to know that English is becoming more prevalent thanks to the Internet, making it easier to navigate for non-French speakers and thus encouraging more potential buyers from around the world.
Charming Accommodations
Known for its small artist ateliers in narrow alleys or its marvelous light-filled apartments in the more bourgeois neighborhoods, in Paris, you can still find charming accommodation. Whether you are looking for luxury or a simple apartment, you will find what you are looking for. Refurbished lofts, Haussmanian apartments, duplexes or renovated stores; there is no shortage of exceptional accommodations. You will be surprised at the multitude of choices of exceptional apartments that you can find there. Admittedly, prices per square meter are high in the city of light, but like any capital in the world, demand is strong. But that should in no way discourage you, as some neighborhoods remain affordable. Take the time you need to find the property that suits you.
19th Arrondissement
The search should maybe start in the relatively affordable 19th arrondissement as it is genuinely ‘up-and-coming’. Take a wander through the beautiful streets of La Mouzaïa, spend the day reading and drinking coffee by the artificial Bassin de la Villette lake, saunter through Parc des Buttes Chaumont with its grotto and cherry trees, or head to the Canal de l’Ourcq’s waterfront walkway. You will definitely fall in love with this part of Paris. The canal will lead you to the Parc de la Villette, the third-largest park in the city, where you’ll find three concert venues, the biggest science museum in Europe, and La Géode, a giant reflective dome that houses an immersive cinema. With these attractions, it’s no surprise that the area is quickly becoming increasingly attractive.
Incomparable diversity
In addition to all these qualities, Paris is unquestionably one of the most diverse cities in the world. All the nationalities of the world are present, whether as tourists or expats who have settled here. The Parisian charm leaves no one indifferent. This diversity is reflected in the culture and in Parisian daily life, where French gastronomy intersects with Asian, African and North African cuisine and everyone feels that Paris belongs to them.
Original articles published on homify.fr, Movehub.com and parispropertygroup.com
Contact Paris Property Group to learn more about buying or selling property in Paris.