Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
In central Paris, seasonal rentals – much more profitable than long-term rentals – have proliferated at the speed of light, despite their often illegal status. Airbnb is now succumbing to pressure from about 17 different cities, including Paris, and attempting to control rentals in accordance with local regulations. With 60,000 homes in Paris offered on AirBnb’s website, it’s […]
Thinking of renting out your apartment in Paris short-term to cover expenses or turn a profit? Here are some tips for setting the right price, advertising on the right platform and avoiding financial pitfalls to get the most out of holiday rentals, including The private hospitality sector is touted as a guaranteed moneymaker in Paris. According […]
A contentious move by the City of Paris sees a list of legal rentals publicized online and Parisians reportedly encouraged to denounce each other. Unsurprisingly, officials face widespread condemnation for this controversial initiative while Airbnb launches a petition to prevent the government’s overzealous regulations damaging tourist rentals in the capital. In its latest attack against […]
Effective since 1st August 2015 rent control is not being observed by a large portion of landlords, according to a new study. Implemented in Paris as a trial, there is little chance the regulation will spread to the Île-de-France region. The National Association of Consumers (CLCV) has found that 42% of properties advertised for rent […]
French deputies are supporting an amendment that may make it illegal for tenants to sublet their properties on short-term rental websites such as Airbnb without their landlord’s explicit approval.
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. […]
A sustained price drop in the first six months of 2015 led to Tours’ real estate market regaining activity after a quiet couple of years. Buyers returned, leading to a price increase reducing sales volumes. After a slow 2014, Tours’ property wheel began to spin again this year. No doubt encouraged by low interest rates […]
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 […]
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 […]
A study by mortgage bank Crédit Foncier profiles French property buyers, with a focus on rental investment. It highlights the six regions most prized by property purchasers, property types and the main reasons individuals are investing in real estate.