This Paris Life

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

LBO France and Maple Knoll Capital have bought a total of 60,000m2 of office space in four locations for an undisclosed sum. LBO France will take control of a 17,000m2 building in Saint-Ouen, currently rented to Alstom Transports. Maple Knoll will manage the other three buildings in Velizy, Ivry-sur-Seine and Gentilly.

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A new French residential property price index is to be launched in September 2014. Its creator is Michel Mouillart, a professor of economics at a Paris university and director of the Housing Credit Observatory. He claims that it will provide more up to date information than existing data.

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This elegant and sunny 2 bedroom apartment is well located near the Arc de Triomphe on a quiet street off Paris’ grand avenue Foch.  It is on the 4th floor with elevator of a beautifully maintained ornate 19th century building.

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According to recent research, investors paid €10.7 billion euros for French office, retail, logistics, and industrial properties between January and June 2014 – an increase of 73% over the same period in 2013.

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This sun-filled 1 bedroom apartment with balcony is located off the rue des Martyrs near the charming Place St. Georges in the 9th arrondissement. On a quiet street, it is in close proximity to the many shops and restaurants in this lively neighborhood.

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International business leaders rate Paris the third most attractive city in the world for business investment, according to a recent survey carried out for KPMG. This is a jump of two places in the space of a year.

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Setting up a Société Civile Immobilière

The French Société Civile Immobilière (SCI) is a popular vehicle for purchasing real estate in France. Paris-based firm Pech de Laclause, Bathmanabane & Associés gives an overview of this structure and discusses some of the pros and cons. What is an SCI and when is it a suitable vehicle for buying and managing French property?

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An expected upturn in French consumer spending during the 2nd quarter of 2014 is expected to benefit parts of the retail property market, experts say.

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Question: I am purchasing an apartment in Paris. I am being charged on top of the purchase price for the refrigerator, stove, oven, dishwasher etc. Is this normal?  Normally, appliances and/or furniture are not included in the sale of an apartment. However, you can agree with the seller to buy them along with the property.

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The UK government has cracked down on the practice of purchasing properties through a company structure in order to avoid paying stamp duty. This measure is aimed in particular at wealthy foreign buyers who have bought investment properties that have subsequently been left empty.

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