Parisian real estate: prices are at an all-time high
Paris: the city of love, art, refinement, fashion. To be able to write in this column, in detail, how wonderful this reality is, would be really reductive.
But there is one more reason if, today, we have decided to talk about the French capital.
Indeed, in our sector, Paris has managed to distinguish itself even in the last period.
Such as ? Becoming more and more exclusive.
What is it like to live in the city of the Eiffel Tower? According to our experts, it can be defined as an "inaccessible luxury". At the beginning of September, according to what reported by the Chamber of Notaries, the historical maximum was far exceeded, as a price relative to the purchase of a property.
We are talking about over 10,000 euros per square meter.
And the whole, joins the large dimensions, the vast range of choice always to be able to invest in real estate, and a standard of living that is becoming less and less affordable.
Comparing Paris to many other similar realities, we find that in any case none of them has reached such levels of financial exclusivity.
Leaving aside London and New York (respectively 14,000 and 13,500 euros per square meter), we find Milan with its 4,000 euros per square meter and Rome (with a thousand euros less).
As evidence of the fact that the French situation, economically speaking, is becoming increasingly unsustainable, another fact. This time, however, of a demographic nature.
Since 2011, around 12,000 inhabitants have decided to leave the city during the year, precisely because of the disproportionate increase in prices and the cost of living in general. To give a value in percentage terms, this increase is equal to 66%.
Buying an apartment in Paris of around 100 square meters, you need the equivalent of 31 years of average Parisian salaries (in the rest of the nation, only 7 are enough).
It starts from the less luxurious area (so to speak) of Pont-de-Flandre, where the average price is 7,000 euros per square meter, to that of Odèon, which exceeds threshold 15,000.
But that is not all.
To make you understand why the Parisian real estate has not stopped, despite this period of critical appearance, we report a fundamental fact: the type of investors.
Who are the holders of the French real estate power who have subscribed 90% of the sales contracts in the last period?
Those who have managed to keep the bricks of Paris alive are the so-called CSP +.
With this abbreviation we summarize the ‘’ upper socio-professional categories ’, which is why they enjoy a really important economic and social position.
For some, therefore, this period is a wake-up call, for the entire Parisian economy. For others, a simple phase. For others, even a period that could bring many benefits from all points of view.
All question of perspectives we will dare to say, but perhaps, this time, also of portfolio!
But there is one more reason if, today, we have decided to talk about the French capital.
Indeed, in our sector, Paris has managed to distinguish itself even in the last period.
Such as ? Becoming more and more exclusive.
What is it like to live in the city of the Eiffel Tower? According to our experts, it can be defined as an "inaccessible luxury". At the beginning of September, according to what reported by the Chamber of Notaries, the historical maximum was far exceeded, as a price relative to the purchase of a property.
We are talking about over 10,000 euros per square meter.
And the whole, joins the large dimensions, the vast range of choice always to be able to invest in real estate, and a standard of living that is becoming less and less affordable.
Comparing Paris to many other similar realities, we find that in any case none of them has reached such levels of financial exclusivity.
Leaving aside London and New York (respectively 14,000 and 13,500 euros per square meter), we find Milan with its 4,000 euros per square meter and Rome (with a thousand euros less).
As evidence of the fact that the French situation, economically speaking, is becoming increasingly unsustainable, another fact. This time, however, of a demographic nature.
Since 2011, around 12,000 inhabitants have decided to leave the city during the year, precisely because of the disproportionate increase in prices and the cost of living in general. To give a value in percentage terms, this increase is equal to 66%.
Buying an apartment in Paris of around 100 square meters, you need the equivalent of 31 years of average Parisian salaries (in the rest of the nation, only 7 are enough).
It starts from the less luxurious area (so to speak) of Pont-de-Flandre, where the average price is 7,000 euros per square meter, to that of Odèon, which exceeds threshold 15,000.
But that is not all.
To make you understand why the Parisian real estate has not stopped, despite this period of critical appearance, we report a fundamental fact: the type of investors.
Who are the holders of the French real estate power who have subscribed 90% of the sales contracts in the last period?
Those who have managed to keep the bricks of Paris alive are the so-called CSP +.
With this abbreviation we summarize the ‘’ upper socio-professional categories ’, which is why they enjoy a really important economic and social position.
For some, therefore, this period is a wake-up call, for the entire Parisian economy. For others, a simple phase. For others, even a period that could bring many benefits from all points of view.
All question of perspectives we will dare to say, but perhaps, this time, also of portfolio!
