Whether you are looking to invest in Paris remotely or moving here altogether, you are always guaranteed an exceptional Parisian experience where culture and heritage meet modern renovations. The City of Light, romance and croissants, Paris offers you the step of a lifetime. It is more than a destination; it’s a state of mind, a desire. Now what do you need to know before you invest in Paris?
Why Invest in Paris?
A well-Connected City
In addition to its cultural attractions, Paris has a lot going for it! In fact, it is one of the best served cities in Europe: between the famous Paris metro -described as one of the best rail networks in the world- and its RER lines, the 7 TGV stations linking other major European cities and its 3 international airports., Paris connects you with your everyday needs. Having the Eurostar, you are also connected to London.
A Dynamic City
Paris is a densely populated city. There are around 2.2 million people thriving here, covering an area of 105.4 km². Around 13% of the population is under 13 years of age, and 21.1% are between 30 and 44. The employment rate among 15-64 year-olds is 78.2%. Almost a quarter of French students study in Paris, making it the second best city in the world for student-life. Paris also boasts a dense employment zone, with the La Défense district home to 15 of the world’s top 50 companies, as well as the luxury goods and innovation industries. Its robust economic and financial stability makes it a safe place to start investing.
The Parisian Experience
Indulge in the mastery of our chefs, the rich history apparent within Parisian streets and the fashion fusion we offer. To invest in Paris is to have a world-class view of where life imitates art.
Parisian Culinary Haven
Paris is synonymous with culinary excellence. From Michelin-starred restaurants to cozy bistros, the city is a playground for culinary enthusiasts. Indulge in buttery croissants at a pâtisserie, or enjoy a leisurely meal along the Seine. Making your investment a culinary one too, before you invest in Paris’ real estate.
A Cultural Enigma
A chance to fall in love awaits you… With the Louvre’s collection that spans over a millennia, you view the history of art with your eyes. You also find Musée d’Orsay celebrating Impressionist and Post-Impressionist masterpieces, while the Centre Pompidou pushes boundaries with modern and contemporary art. You find cultural history with every step through Parisian streets.
Parisian Catwalk
With every -said- step, you make a fashion statement. Welcome to the home of the catwalk. To invest in Paris, is to find your fashion sense. Being the fashion capital of the world, where haute couture meets timeless elegance, Paris invites you to explore. For an unparalleled shopping experience, visit the grand Galeries Lafayette and Le Bon Marché.
Growing Economic Market
Before you invest in Paris, you need to know what you are in for. The Parisian real estate values increase significantly in the long run! It is a world-class city with many potential buyers, which keeps the demand high. As a result, rental profitability is very highly guaranteed. It is also a tourism, business and educational hub, so rental demand is a constant. Even short-term vacation rentals can be lucrative!
What Is the Current Market State in Paris?
Paris stands out from many cities in France because of the lack of properties for sale, compared with the high demand for rental properties. As a result, the property market is under pressure because there are few properties for sale and so many people looking for them, which has the property prices soaring, attracting investors. Yearly, the Paris real estate market represents around 20 billion euros in sales, of which around 4.5 billion relate to properties worth more than 1 million euros.
Generally, Parisian property prices average around €10,500 per square meter, but can range widely based on location and property type. Luxury properties in prime locations can exceed €20,000 per square meter. However, there are other aspects to consider when you invest in Paris. Aspects like the Notary fees are to consider. Notary fees usually range from 7-8% of the property cost. All of this, however, can be executed with ease…
Invest in Paris with Ease: French Financial Aid
Non-residents can apply for mortgages in France, with a downpayment of 20-30%. Loan terms are generally favorable, with interest rates that are often lower than those in other global markets. Additionally, some banks specialize in assisting foreign investors by offering bilingual advisors and streamlined application processes. It is also possible to benefit from tax incentives, such as reduced tax burdens for properties rented as furnished (under the LMNP status), which allows for depreciation benefits and lower taxable income. Collaborating with financial advisors experienced in the French market ensures compliance and maximizes benefits. Now, you are ready to know which property to go for before you invest in Paris.
Types of Property in Paris
The Haussmannian Allure
A hallmark of Parisian architecture, the Haussmannian apartments are distinguished among others. Celebrated for their timeless elegance and functionality, they are the most sought-after when it comes to real estate properties. Being over two centuries old, the Haussmanian design gives you a glimpse upon Parisian history. With their signature balconies, you get a view to wake up for. Ready to invest in Paris yet?
Modern Architectural Gems
While keeping the integrity of the buildings, Parisian apartments go under modern renovations. They are designed with sustainability in mind, using energy-efficient systems and eco-friendly materials. This is where your apartment offers you modern solutions within a building that tells a story. With a view that steals your breath, you are also in touch with all your needs. In other words, you get the best of both worlds.
Where to Invest in Paris?
Every Parisian arrondissement has its own unique personality. One thing is to wander through Montmartre. With its bohemian spirit and breathtaking views from the Sacré-Cœur, you view a different world altogether. Lose yourself in the medieval streets of the Marais, where history meets cutting-edge fashion. Or explore the chic boutiques and literary haunts of Saint-Germain-des-Prés, where intellectuals and artists once gathered. With every Parisian aspect pulling you further in, you crave to have a place here you can call home. To invest in Paris, it is best to target the attractive districts. Neighbourhoods in the 1st, 5th, 7th, 8th, 9th, 10th, 11th, 13th, 15th and 18th arrondissements offer rental opportunities thanks to their proximity to tourist and cultural attractions. Here are a few examples of very promising areas to invest in Paris.
The Montmartre Neighbourhood in Paris
Montmartre is an attractive and highly sought-after bohemian district. Its unique charm and artistic heart make it an attractive area to rent. Investing in this district of Paris offers the potential for very high rental value. The average rent is around 30 euros per m² per month.
Paris’ Golden Triangle
This district of around a dozen hectares is located between famous luxury Parisian avenues such as the Champs Elysées, Georges V and Montaigne. Rentals there are among the highest in the capital, generally exceeding 50 euros per m² per month. So there’s a high demand for rental space in this district.
The Latin Quarter
Situated in the 5th arrondissement, this district has a seductive cultural and academic environment. This neighbourhood is full of history, its location making it at the heart of Parisian life, and there the average rent is around 35 euros per m² per month. Which makes it perfect when you decide to invest in Paris.
The Marais Neighbourhood
Located in the 3rd arrondissement, the Marais district is one of the most emblematic and colourful areas of Paris. The district has a number of must-visit restaurants and cafés, beautiful street art and a rich cultural heritage with museums showcasing the history of the area. It is so popular that rental demand is annual and constant where rent becomes around 36 euros per m².
The Canal Saint Martin
This district of Paris is very popular for its romantic atmosphere. It is a great place to stroll around, and there are plenty of destinations to visit. Many young students and professionals settle there, creating a creative, young and dynamic population and ensuring a high occupancy rate where rent is estimated to be 31 euros per m².
Et voila, now that you know everything there is to know, you are ready to invest in Paris. You choose your neighbourhood, your budget and the next Parisian investment is in your name. A fact to put into consideration is the heritage of your investment. It is more often than not that the real estate market is a resale that has been going on for decades. This entails a renovation that meets your standards and compliments your tastes. And this is where you need Architoi’s expertise. Offering you the mastery of renovations with a budget you control, we turn real estate investments into homes.