Paris is presently at a crossroads that, if unchecked, will ripple through the city for years to come with detrimental effect, says Leonard Pitt.  High-rise projects are planned for the 13th, 15th and 17th arrondissements, as well as La Defense, and he is committed to stopping this from happening.

The average price of existing homes in Paris reached a record €8,440 per square meter between June and August 2012(+1.2% in three months; +1.7% over one year). The figures were

The French press is abuzz with stories about 1+ million euro properties hitting the Paris real estate market in recent weeks as a result of looming tax-hikes.  What does this mean for the non-resident Paris lover ready to invest in a Paris pied-a-terre?  Could it be a short-term buying opportunity? Paris Property Group takes a look at the silver […]

The French property market has been a good investment for many foreign buyers over the last year with prices of flats and houses rising in the most sought after areas.  Prices in the Paris region have risen by between 3.8% and 6.2% for houses and flats, according to data release by government controlled Notaires de […]

In response to the stark reduction in the volume of real estate sales nationwide and the resulting loss in capital gains tax revenue, President Hollande proposed to reduce the capital gains tax on real estate sales – for a limited time.

Following an in-depth look at housing market behavior across Europe in recent years, the research arm of Savills Real Estate found that only Italy might be in for future drops in real estate prices.

“There will be a new record in Paris,” according to Thierry Delesalle, a spokesman for the notaries of Paris, during a recent press conference, adding that the leading indicators point to higher prices in September and October.  The pricing declines seen in the fourth quarter 2011 and first quarter of 2012 seem to have fizzled. […]

Real estate prices are rising in Paris, though property sales throughout France have slowed in the second quarter of 2012.  In contrast to Paris, prices are generally slightly lower elsewhere in France.

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.  

Rental income and sales of investment property or second homes by French residents have always been subject to social security contributions (payroll taxes). The previous rate of 13.5% was raised to to 15.5% on July 1st of this year. Unlike in the United States, gains realized from the sale of a primary residence are not […]