Where To Own In Paris
When we’re too old to continue moving around the world as we do now, Lief and I intend to settle in Paris. For us, this city is as good as it gets.
Step out your door anytime, day or night, turn right or left, and you don’t have to travel far to encounter something engaging. At home in one of Paris’ central, historic neighborhoods, from the 1st arrondissement to the 8th, the best this world has to offer is only a short and pleasant walk away. Indeed, Paris is a city best explored and appreciated on foot, and, when I’m in Paris, I spend as many hours as I can in that pursuit.
I enjoy Paris in all seasons and any weather. What difference if it’s raining or dry, January frigid or August hot, when you can retreat on a whim to a café for a cup of hot chocolate or a cold coupe de champagne? Sidewalk heaters mean you can sit outside at your favorite cafe and enjoy the passing show year-round.
All of my favorite things are here—bookstores, antique shops, champagne cellars, pretty parks, well-tended gardens, old buildings, and old friends. The city cycles reliably through other favorites, especially at Christmas, when tiny white lights are strung along the grand boulevards and shop windows are framed with evergreens and gold baubles.
In Paris, a loaf of baguette and a bottle of wine are the makings of one of the most memorable afternoons of your life when enjoyed riverside. This has been true for hundreds of years and will be true for hundreds more.
Central Paris is an open-air museum where little changes yet every day offers the chance for discovery. Paris is at once perfectly packaged and constantly improving itself.
It’s also one of the world’s best storehouses of wealth. Property values in this city move up and down, as they do everywhere, but an apartment of charm in a good location in this city will always find a buyer… and a renter. The rental market in central Paris is perhaps the most proven in the world.
The most sought-after addresses are in the 1st, 6th, 7th, and 8th arrondissements. Limited demand (because if you own an apartment in one of these neighborhoods, you typically hold on to it… these properties are often passed from generation to generation) keeps prices high, as much as 15,000 euros per square meter and more.
More interesting from a cost-per-square-meter perspective can be the 11th (around the Place de la Republique), the 18th (Montmartre), the 19th (home to Buttes-Chaumont park and the popular Bassin de la Villette), and the 20th (one of the most multi-cultural areas of this city), all neighborhoods enjoying gentrification and becoming increasingly trendy. You could buy in the 18th or 19th for as little as 6,000 or 7,000 euros per square meter with a reasonable expectation for both rental cash flow and near-term appreciation of value.
These thoughts are on my mind as my team and I work this week to prepare for next week’s goings-on in Orlando. Paris, France, and, indeed, all Europe will be a focus at this year’s Retire Overseas Conference and Retire Overseas Expo, as, as we’ve been reminding you for months, this part of the world is on sale right now. If you’ve ever wanted Europe, this is the time to get it.
We’ll have the details for all assembled next week. If you live in the greater Orlando area, come spend Sunday with us.
It could prove the most important Sunday of your life.
See you soon.
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