“Kathleen, I have been thinking about Paris for a while now as a place to invest and live part time. In light of the recent terror attacks, what is your advice on purchasing an apartment there now?”
–Grace G., United States
If you’ve been thinking of buying an apartment in Paris, either for investment or personal use, this could be a window to act. Recent events are softening the Paris property market, both for sales and rentals. Rentals are down (as they have been, in fact, since 2008… though we’ve been able to keep our city-center apartment almost fully occupied, including by a new tenant who signed a lease just two weeks ago), and sellers are worried and open to offers.
All markets, including this one, move up and down. The recent tragic events mean a downward shift. Thinking long term, though, Paris is Paris will be Paris. This city will always have an appeal.
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