Thinking of moving to Paris? Here are a few interesting things to learn about the property market out there. Paris has a population: 6.6 million and is an international and cultural centre. Paris rivals London and is currently seeing almost as much overseas investor activity. It is, however, a very different real estate market. Residential stock in prime central Paris is largely historic, with very few new developments and very few houses.
There is strong international demand at the top end of the Paris market, and increasing investment from BRIC economies, particularly while the Euro remains weak.
Price growth across the whole Ile de France region is being led by central Paris, in much the same way as central London is leading growth in Greater London and Home Counties.
Paris with its historic fabric and bounded by the inner suburbs has very constrained land supply and expansion potential. Like many 'old world' cities it will rely on the regeneration of old industrial and deprived areas to create new C21st living quarters.
Read:
Top Things to do in Paris
Read about other major cities:
Paris - an international and cultural centre
London - a forward thinking historial city
Hong Kong - a global financial centre
Tokyo - a new city with old traditions
New York - a big cosmopolitan apple
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Hong Kong - a global financial centre
Tokyo - a new city with old traditions
New York - a big cosmopolitan apple
