Paris officials want to instate a fivefold increase on occupancy tax on vacant secondary residences to encourage owners to sell their properties or rent them out. Last month, the City of Paris voted in the principle of increasing the occupancy tax — taxe d’habitation ­— on vacant second homes in the capital. The tax would […]

A wave of impromptu visits by city officials to suspected short term rental properties in Saint Germain des Pres yields little results and fuels growing frustration with the city’s inconsistent policies.  On Tuesday, January 12, the City of Paris sent investigators to storm Parisian apartments they suspected of being illegally rented out for short stays. […]

As of January 1st, 2016, property purchased in Paris is subject to an increased purchase tax — or transfer tax. This tax has increased by 0.7% for the purchase of housing, office or commercial property. While the vast majority of French departments had already taken this step, Paris is the latest to apply an increased […]

In more good news for the real estate sector, sales of new-build properties have been soaring since the beginning of the year. The French real estate market, struggling since the 2008 crisis, is on the mend. An increase of 19.3% in sales of new property was recorded in the first quarter of 2015, with real […]

As the International Climate Summit ends in Paris, chair country France’s efforts to green its property sector in order to fight climate change pay off. The country scores highly in a new ranking on real estate sustainability. France recently chaired the latest edition of the United Nations Climate Conference. With sustainability now a main requirement […]

Real estate professionals have been examining the impact rent control has had on the Paris real estate market since its implementation in early August. A significant drop in the number of properties above rent limits and a diminished interest in Paris by rental investors are among reported factors. As previously reported by Paris Property Group, […]

While policymakers just signed an environmental agreement during the Paris Climate Talks, certain policies are already in place in France to promote energy-efficient housing. With environmental concerns weighing increasingly on lawmakers’ decisions, France has been steadily developing and implementing ecological incentives for homeowners to improve their properties’ energy performance in the last few years. A recent […]

The long-awaited hope for a legal structure to legitimize rental activity for thousands of second home owners in the French capital may soon be a reality. 

Voted in on 2nd July, the first instance of the “Multiloc” system was signed last Friday by Paris Mayor Anne Hidalgo. The new project aims to diversify rental offer in the capital, by financially aiding owners in putting their vacant property back on the market. On Friday 16th October, Anne Hidalgo, Mayor of Paris, signed […]

Buying a piece of the common area in your Paris building is a great way to enhance your living space and add to your property’s value. So: why not buy your building’s rooftop? In a copropriété, or co-owned building, the roof, hallways, façades, terraces, landings, etc belong to the building and are thus jointly owned by […]