Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
We often get requests for Paris hotel recommendations, particularly from clients coming to Paris on their real estate shopping trip. In an article last year, our friend and Paris blogger Heather Stimmler-Hall scouted out her picks for 10 of the best boutique hotels on the Left Bank – that won’t break the bank. To round out her list, […]
Sales volume – meaning the number of real estate transactions – are down 20% in 2012 as compared with 2011. Although the best properties still sell quickly and at or near asking price, it has meant that Paris real estate buyers are getting some breathing room to separate the wheat from the chafe. “The market […]
Sales of Existing (Ancien) Apartments According to the most recent sales data available, from May to July 2012, 36,000 apartments were sold in Ile de France, marking a 21 to 22% decine compared to transactions concluded in the same time period in the two previous years.
Last Thursday, the Chambre des Notaires in Paris held a special meeting open to the public to discuss the recent changes to the wealth and capital gains tax laws implemented by President Hollande. Our managing partner, Kerstin Bachmann, was there in person to take notes.
This private mansion has fallen under controversy in the last five years as its new owner, a brother of the Emir of Qatar, has embarked upon restoring it. Located on the tip of Île Saint-Louis, in the 4th arrondissement, the Hotel Lambert, designed by architect Louis Le Vau was originally built between 1640 and 1644 for the financier […]
Dolly Daou refinds Paris in her new Melbourne home. Despite living in Australia most of my life, my francophone origins have meant that Paris has always held a special place for me. In 2007, finally catching my first glimpse of Paris from the air, I thought to myself, “this is home”.
History may be repeating itself in the Paris real estate market today. At the peak of the market turmoil in 2008-2009, following the global credit crunch, sellers and buyers took a wait-and-see attitude, hoping that prices would see a marked decline. That didn’t happen,
PPG has an expansive network of real estate agents around the world, and is always plugged-into the latest news and updates from other markets. With today’s global economy, knowing how other markets are faring is important and insightful.
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.”
The higher rate of capital gains tax imposed on those who live outside of Europe’s borders is coming under important legal scrutiny. Non-resident owners of French property are liable for capital gains tax in France upon sale. They may also be liable in their home country, but in most cases bilateral tax treaties will France […]