Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
In recent decades, the resilient Paris real estate market has defied predictions of large falls in price. And, in its latest quarterly roundup of prices, the Chambre de Notaires de Paris/Ile-de-France describes the “astonishing resistance” of prices per square meter for old apartments.
Paris notaires (officials who handle property transactions) recently issued figures for real estate sales during the 3rd quarter of 2013. Real estate prices in Paris overall have seen a fall of 2.1% during the past 12 months but, in the 3rd quarter, they were slightly up on the same quarter in 2012. The average price […]
In August, we reported on the much-welcomed tax relief on real estate sales, which was immediately applied to any sale finalized after September 1, 2013. The changes were intended to offset the government’s wholesale revision of the capital gains tax laws in 2012, which had discouraged property owners from selling and thus significantly curbed the […]
Financial regulators and rating agencies have named France the strongest real estate market in Europe. According to reports by the Joint Forum and Standard & Poor’s, that strength is primarily due to two French banking trends in particular: a large number of secured loans, and strict lending criteria.
Parisian homebuyers will be pleased to know their purchasing power is on the rise. The results of a study show that buyers are able to afford larger properties for the price in Paris and its inner suburbs, as well as in Lille, Lyon and Bordeaux. The size of property a Parisian household can acquire with […]
Sales volume – meaning the number of real estate transactions – are down 20% in 2012 as compared with 2011. Although the best properties still sell quickly and at or near asking price, it has meant that Paris real estate buyers are getting some breathing room to separate the wheat from the chafe. “The market […]
Sales of Existing (Ancien) Apartments According to the most recent sales data available, from May to July 2012, 36,000 apartments were sold in Ile de France, marking a 21 to 22% decine compared to transactions concluded in the same time period in the two previous years.
“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.