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Looking Up: Prices On the Rise, Apartments at the Top, Macron Taking the Market Upward

French Property Insider
Volume XV, Issue 20
Thursday, May 18, 2017 • Paris, France

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The ADRIAN LEEDS GROUP Apartments

Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from ALG, Paris Sharing and me, Adrian Leeds.

Adrian Leeds Group Apartments - Le Petit Trianon Paris Apartment Rental

LE PETIT TRIANON

This very well equipped studio apartment, decorated in subtle grey and celadon green, is fully renovated and is ready to facilitate your escape to Paris. The focal point of this professionally designed space is the new and comfortable queen-sized bed that can be made up as twins. Topped by a magnificent oval mirror, it is surrounded by custom cabinetry that provides lots of storage as well as a desk at which you can pen your memoirs.

FREE one-hour consultation! Guests of Parler Paris Apartments or Parler Nice Apartments who are considering the purchase of their own "pied-à-terre" for pleasure and profit, can take advantage of a free one-hour consultation while enjoying the apartment in the City of Light or on the Riviera. Simply complete the request form to book your consultation.


Bonjour French Property Insider Subscriber,

Paris Property Prices

Chambres de BonnesChambres de Bonnes

Chambre de service floor planChambre de service floor plan

Drop in numbers of chambre de service

Mas du Cornud - for sale in the South of FranceMas du Cornud - for sale in the South of France

PRICES IN PARIS RISING!

Prices are still on the rise in Paris, according to the Chambre de Notaires in their May report. The number of sales continue to rise as do prices, especially in Paris, and expected to reach record levels by summer of this year. Paris is leading the market upward with the price per square meter of resale apartments now at an average of €8,430, an annual increase of 5.2%.

The trend is expected to continue upward and according to the leading indicators of the Paris notaries, the price per square meter in the capital could approach €8,700 per m² as of June 2017, €240 more than the previous record of 2012. The annual increase would then reach 7%!

CHAMBRES DE BONNES

The Notaries of Paris-Ile-de-France have just published a study on the Paris markets for "chambres de bonnes" or servants' quarters or service rooms, normally located on the top floor of a classic building under the roof. Historically, more than three-quarters of the sales of service rooms in the Ile-de-France are sold in Paris (8 sales out of 10 since 2013). A large number are found in the 16th and 17th arrondissements.
 
Since the record of 4,400 sales in the Ile-de-France region in 1999, the market has been reduced notably due to the adoption in 2002 of the "SRU" law, which set the minimum size of rental of a decent accommodation at a surface size of 9 square meters.

In Paris, the price per m² of the service rooms between 1999 and 2016 is close to that of all other apartments. In 20 years, the price of the service rooms multiplied by 4.61 (compared to 3.73 for studios and 3.40 for all other apartments).
 
The 5th arrondissement remains the most expensive sector (with a unit price of 100,000€ per service room).

If you can purchase two or more and combine them, they can make the most outstanding properties...as long as the building has an elevator (!), because being at the top floors, these apartments offer the best views of the city!
 
MARKET UP, THANKS TO MACRON

New French President Emmanuel Macron is committed to reducing property taxes and simplifying rental contracts, so hopes are high that he will further impact the French property market in a positive way. Experts in the field say that the market will get a big boost as people are encouraged to invest, the self-employed will find it easier to get mortgages and international buyers will be heartened by his goals to retain a strong and unified Europe.

In the Provençal town of Saint-Remy, not far from where I was visiting just last week in the Luberon, they toasted his win, as potential buyers waited for the results before making their move to purchase.

(See the full article in The Times). And to see the properties we represent for sale in Provence, and particularly in Saint-Remy, visit our French Propertys for Sale website.

 

A bientôt,

 

Adrian Leeds - Paris, France in Provence

Adrian Leeds
The Adrian Leeds Group

(in Provence)

Respond to Adrian:

[email protected]

 

 

  

 

P.S. Don't waste time, while prices are rising! If you're thinking of investing in France, now is the time! Contact us for more information on how to get started: email [email protected] or complete our online consultation form.


 
The ADRIAN LEEDS GROUP Apartments

Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from ALG, Paris Sharing and me, Adrian Leeds.

Adrian Leeds Group Apartments - Petit Saint-Germain

LE PETIT SAINT-GERMAIN

Le Petit Saint-Germain is a newly renovated apartment by the illustrious Interior Architect Martine di Mattéo located in a classic building on one of the most desirable streets in this much sought-after part of Paris. From the cobblestoned courtyard of the building, one mounts a single flight of stairs to reach this model of efficient design and planning – it may be small but it’s bright, spacious and you will find all that you need to make your stay in Paris comfortable and relaxing.


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