Real Estate : Paris position compared to other capitals

Paris has always shone internationally, attracting wealthy investors looking for quality real estate to live in or entertain in. Family apartments, private mansions or rare and secret houses make Paris a choice meeting place and a safe investment.

In addition, Paris is one of the most visited cities in the world, giving it a special place in the hearts of international buyers. However, the health crisis has reshuffled the cards in the real estate market in France and abroad. In Paris, the international clientele has become scarce for a few months, only to return during 2021 with the relaxation of anti-covid measures. And in a deteriorating health context, real estate is more than ever a refuge.

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Prices still attractive compared to other world cities

While Paris has seen its average price stabilize at around 10,700 euros/m2, its real estate market has regained a certain measure. This situation has created opportunities for buyers, most of whom are French or from the Paris region. And it would not be surprising to see the arrival of "digital nomads", those international telecommuters, on the Parisian market.

Paris has also seen the return of expatriates from Asia or England. One of the consequences of the Brexit being the rise of Paris compared to its neighboring capitals with a significantly more affordable real estate market. In comparison, London is known for the high cost of its real estate. The same is true for other cities in the world such as New York, Singapore, Geneva or Hong Kong where prices are much higher than in Paris... All these cities, however, have not evolved in the same way, nor in the same volumes in the face of the shock of the health crisis and containment.

Thus, if we compare Paris to other world cities, it represents the French art of living, with unparalleled architecture at a more measured price.

 
The prestige of Parisian real estate

In search of space and greenery, buyers are looking for turnkey properties with an exterior and a view of nature or one of the world's most beautiful monuments. A "postcard" purchase that is priceless, especially since certain properties, townhouses, duplexes or private mansions in the heart of the 9th arrondissement or the 16th are recording record prices for their architectural quality and rarity.

Despite the health crisis, the prestige real estate market has recorded record sales this year, driven by extremely low real estate rates and buyers' desire for space.