This Paris Life

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

A new report concludes that Paris offers increasingly good value compared with some other top European cities.

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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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French real estate investment trust Foncière des 6ème et 7ème Arrondissements de Paris has recently bought a prestigious office complex from the French State for an undisclosed sum. The Abbaye de Penthemont is situated at the corner of the Rue de Bellechasse and the Rue de Grenelle in Paris’s 7th arrondissement (district).

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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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The luxury property market thrived in 2013, says a new report on international real estate. London was the most popular destination for luxury property buyers seeking a second home but also the most expensive. The latter factor may encourage buyers to start looking to other cities, including Paris.

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Who pays agency’s fee when buying/selling property in France

Question: In a French property transaction, who pays the selling agency’s fee, the buyer or the seller, and is it negotiable? Standard practice in France is that the selling agency’s fees normally amount to around 5% of the purchase price of the property. The fees are agreed between the seller and the real estate agent […]

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Real estate prices in Paris may not be soaring as much as they did but certain properties still command a premium. The Paris and Ile-de-France notaires (officials who handle property sales) have recorded top prices for several Paris apartments during the 4th quarter of 2013.

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Despite successive financial crises, Paris real estate remains a profitable investment. Property prices have more than tripled over 30 years. Smaller apartments and studios have seen higher percentage increases than larger apartments. The most active foreign investors in Paris property are the Italians. But foreign buyers have not significantly influenced real estate prices.

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Our partners at foreign currency broker FC Exchange provide an update on how the major currencies might move in 2014.  A major focus for currency markets in 2014 will be when and how fast interest rates will rise in the major economies. For rates to rise, the reduction of monetary stimulus will be a significant […]

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Property experts consider that now is a good time to buy prestige real estate in Paris. The prices of prime properties in the sought-after Parisian neighborhoods are not as high as those in London or Geneva – also coveted by prestige property buyers.

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