• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home Countries France

Paris Property Prices Rise And Fall But In the End… It’s Still Paris

Time To Buy In Paris

Lief Simon by Lief Simon
Jun 30, 2017
in France, Paris, Real Estate
0
view of Paris apartment buildings from a balcony with a flowers
334
SHARES
4.8k
VIEWS
Share on FacebookShare on Twitter

Property prices in Paris are up. The entire city is worth 5.5% more today, on average, than it was a year ago. Some sections of it are worth 7% more than they were 12 months ago.

These were the happy facts on our Paris property manager’s mind when we met with her yesterday afternoon.

We’ve been working with Linda for nearly 10 years and have never seen her as upbeat and animated as she was yesterday.

Prices are up, and so are rental occupancy rates. This all despite the attacks Paris has seen over the last couple of years. Thus Linda’s good mood.

Kathleen and I arrived in Paris Monday morning. We’ve spent most of the week working and recovering from jet lag, but we’ve noticed, every time we’ve ventured out, that the streets and shops are busy with tourists, including many with American accents.

It’s these folks who are helping to keep rental returns healthy.

These people are buying apartments, too. Demand is up, Linda explained, especially among Americans who are keen to take advantage of their strong dollar while they can.

One of the apartments in our building has new American owners who are carrying out a full-scale renovation. I’m trying not to hold the constant pounding and sawing against them. Years ago, I was them, worrying that the fuss of my apartment improvements was offending my new Parisian neighbors.

Most people interested in owning property in Paris like the idea of being able to spend time in the City of Light in their own digs. I like that, too, but at least as important for me is that an apartment in this city is a great store of long-term wealth that can also throw off reliable rental cash flow.

Apartments at the best Paris addresses aren’t cheap by international standards. You could buy an apartment in other attractive European cities such as Barcelona or Budapest for a fraction the per-square-meter cost you’ll pay in Paris.

However, that apartment in Paris is a safer wealth-preservation option. Paris always has and always will continue to attract wealthy foreigners from across the globe. People with money recognize that people with money will always appreciate and value Paris, keeping the property market buoyant even in down climates.

And a decent Paris apartment in a decent location will always find a renter, short or long term, as you prefer. If you want to rent short term (which can bring a greater yield), remember to confirm before purchasing that the building association (syndic in French) allows for this.

rental in paris
Fresh air and great scenery are just a few of the perks of having an apartment in Paris…

Best for short-term returns are the 5th and 6th arrondissements. These are also among the most expensive areas of the city. Your rental yields won’t break into double digits as they can in some high-traffic tourist locations around the world (in parts of the Dominican Republic right now, for example). However, in Paris, you also don’t run the risk of your property values disappearing (as they did in Spain post-2008) or of your rental yields collapsing because a new building is built on the next beach over (as can happen in almost any beach market worldwide).

My general net rental yield expectation for any property anywhere in the world is 5% to 8%. In Paris, set your sights at the low end of that range. Higher-end properties (more expensive apartments in more expensive neighborhoods) likely will yield less than 5%. That could still amount to a not insignificant level of annual cash flow. Plus, those are the properties you’d most likely be interested in living in yourself.

Where beyond the 5th and 6th arrondissements makes sense for investment right now?

Linda recommends the 17th near Parc Monceau (which is on the border with the 8th). The average cost here today is in the range of 9,000 euros per square meter, meaning you could buy a 50-square-meter apartment (a good size for a one-bedroom) for 450,000 euros. That may sound expensive, but it’s less than half what the same size apartment would cost on the Ile St. Louis in the center of the city.

I predict that property prices in this town will continue up, especially in certain areas. While up more than 5% overall over the last year (and up by 7% and more in particular zones), prices in the 17th where Linda is recommending are still down compared with five years ago.

I also expect the euro to continue to strengthen against the U.S. dollar.

In other words, now would be the time to take action if you’re interested in a pied- à-terre in Paris of your own.

Lief Simon

Tags: best arrondissements for investment in parisbuying an apartment in pariscost to buy property in parisinvest parislive and invest in france conferencemanaging a rental in parisproperty in parisproperty values parisrental property pariswhere to buy property in paris
Share134Tweet83
Previous Post

[Q&A] Paris Travel Tips, Personal Favorites, And Things To Do

Next Post

My Dream Of Owning Property In Paris, France

Lief Simon

Lief Simon

Lief Simon has lived and worked on five continents and traveled to more than 60 countries. In his long career as a global property investor, Lief has also managed multimillion-dollar portfolios of rental properties, for others and for himself. He offers advice on international diversification in his twice-weekly Offshore Living Letter and monthly Simon Letter dispatches.

Related Posts

Porto, Portugal
Argentina

Where (And Why) Should You Buy Property Overseas In 2022?

by Live And Invest Overseas
June 15, 2022
0

Most people think that purchasing real estate overseas is about having a second home to go to when you want...

Read more
Quaint colorful houses of the Alsatian city of Colmar, France

How To Tell If You’ve Found Your Ideal Home Overseas

June 14, 2022
Serene street in Colonial Zone of Santo Domingo, Dominican Republic

8 Things You Need To Know About Bank Financing Overseas

June 13, 2022
View of Ponta Verde in Maceio, Alagoas, Northeast of Brazil

Investing In International Real Estate

June 12, 2022
General view of apartments for rent in Portimao, Algarve, Portugal

The Best Property Deals To Expand Your Portfolio Offshore

June 10, 2022
Copacabana beach in Rio de Janeiro, Brazil.

The Top Countries With Favorable Exchange Rates

June 7, 2022
Malaga, Spain

The 2 Rules To Minimize Risk When Buying Real Estate

May 31, 2022
Next Post
property in paris

My Dream Of Owning Property In Paris, France

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.







LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2022

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

The World’s Best Places To Be In 2022?

Discover Them Here…