This Paris Life

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

French SCPI funds confirm role in property investment landscape • PPG

French SCPI funds are confirming their expanding role in the property investment landscape in France. In the first quarter of 2015, SCPI capitalization overall reached €29.9 billion, according to figures published by fund monitor MeilleureSCPI.

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property occupation tax - tax d'habitation, France

The national average rate for residential occupancy tax (taxe d’habitation) payable on property in France has crept up 19% over ten years, according to an analysis based on official figures from the tax office/INSEE and published by Home’n’go. The French taxe d’habitation is equivalent to a residence tax and is paid by the person or household unit living in […]

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The market in the greater Paris Île-de-France area has seen prices fall a slight 0.4% during the first quarter of 2015 versus the previous quarter, according to the official quarterly figures published by INSEE/Notaires de France on May 28. The average price over the past twelve months has gone down by 2.1 percent.

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In an unprecedented move, Parisian officials swept through 98 buildings and visited 1868 apartments over three days in the French capital that they suspected of being illegally rented out short term to tourists.

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Figures published on May 21, 2015 by L’Observatoire de la Fédération des Promoteurs Immobiliers de France (FPI), show an increase in sales of 10.4% for the first quarter of 2015 for the new build real estate sector in France, compared to the same period in 2014.

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Change in French inheritance law

An EU-wide regulation, passed by the European Parliament in July 2012 with effect from August 2015, will result in a drastic and welcome change to the inheritance rules governing real estate in France, for both residents and non-residents alike. Our summary follows.

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In the context of the dynamic commercial property market in Paris, Asian and Middle Eastern institutions have targeted the city for property investments. Recent research shows that sovereign wealth funds, insurance companies and developers have invested heavily in cross-border investments during the past two years. In 2013, total investment amounted to around $22 billion (€18.5 […]

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Real estate investment manager AEW Europe intends to spend up to €4 billion on European property over the next three years. Demand for commercial property from Asian investors is particularly strong.

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For the third year running, Paris has been ranked first among 50 cities for its attractiveness to students, ahead of Melbourne and London.

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Since August 2012, non-residents who sell a property in France, or derive income from property rentals, have had to pay social charges totaling 15.5% on the net capital gain or the income. A recent judgment by the European Court of Justice (ECJ) has overturned this rule.

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