Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
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 […]
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.
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.
The August lull that sends most Parisians running to the beaches for vacation did not slow the French government from passing important “rectifying” changes in the taxation of real estate gains, rental income and net wealth.
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 […]