Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
Mortgage interest rates in France remain at their lowest for years at around 3%. French property experts consider that this helped to sustain the market for older properties (as opposed to new construction) in 2013.
Properties in Paris are traditionally marketed by price per square meter. Now FNAIM, the trade association for realtors in Paris and the Ile-de-France region, has developed an interactive real estate map. This allows you to identify the arrondissements (districts) that have properties in the price range and of the type you’re looking for.
The City of Paris owns a substantial slice of the City of Light. Taking its lead from the French government, in 2013 City Hall listed and disclosed the extent of its real estate. It holds five million square meters of property – equivalent to around 17.4% of Paris’s total built real estate.
This grand 4 bed, 3 bath, is well located in the Notre-Dame-des-Champs neighborhood, between the Luxembourg gardens and Saint-Placide.
Good news for real estate buyers in Paris: the City of Paris has decided not to increase its share of stamp duty on property sales as of March 1st 2014. That portion of stamp duty will remain at 3.8% of the purchase price instead of rising to 4.5%.
The Prefect of Paris and the Ile-de-France Region have given authorization to the Russian government to build a Russian Orthodox spiritual and cultural center on the Quai Branly in the 7th Arrondissement (district).
France may have led the way in imposing capital gains tax (CGT) on sales of second homes but the UK is now following suit.
An historic building in the Marais neighborhood is to be renovated and converted into a 5-star hotel. Cinema producer and hotelier Jean-Pierre Marois plans a 39-room luxury hotel that will preserve the unique character of the Bains-Douches (literally, public baths) building, located at 7 rue du Bourg l’Abbé in the 3rd arrondissement (district). The hotel […]
Mortgage rates in France have been at historic lows in recent months. However, the outlook for the next move in interest rates has changed markedly over this period. During the summer of 2013, commentators expected French mortgage rates to rise before the end of the year. In the early fall, this was pushed out to […]
Next up in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil, is an interview with Perrine Ciantelli, waitress at le Cinq-Mars.