Wednesday, 4 January 2012

Paris, an international and cultural centre



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
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Tuesday, 3 January 2012

London - A forward thinking historical city

St. Paul's Cathedral
London has a population of 7.5million, 1 million more than Paris, France. If you are looking to move to London as I did 8 years ago next week here are a few interesting property facts. London is no longer the most expensive place to buy property in the world, bricks and mortar is still expensive. The purchase of a London house or flat is viewed by many global players as a safe store of  wealth. As an established global city and major financial centre, London attracts business and residents from every part of the world as well as a strong investor market, currently buoyed by sterling's weak exchange rate.
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Read:
Things to do when visiting London, England
Kensington - A Royal Village - walk
The Printers of Fleet Street, London - walk
Traitors Executed in the Tower of London
The Princes in the Tower of London
Other major cities:
Paris - an international and cultural centre