Paris Property Sales Down...But Prices Still Creeping Up!
French Property Insider Volume XI, Issue 22 Thursday, May 30, 2013 • Paris, France
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Living and Investing in France Conference -- Nice and the Côte d'Azur
September 27-28-29, 2013 Nice, France
Three Days of Exploring the Côte d'Azur!
If you've always dreamed of spending more time in France, enjoying a "pied-à-terre" of your own in Paris or Nice or home in the countryside that you can enjoy when you want...or profitably rent when you like...or just make a smart investment by owning property in France...then this three day conference and tour of the Côte d'Azur is a MUST. There is no doubt, from the hundreds of others who have attended conferences of this kind and fulfilled their dreams...this weekend in Nice will point you in the right direction to really make it happen!
Our Host Hotel - Hotel Ellington Reserve before May 31 for the preferred rate!
The Hotel Ellington is a boutique hotel situated in a very elegant area in the town center of Nice -- only five minutes from the sea, the shops and the Acropolis conference forum. We have secured a special room rate on a limited number of rooms for a limited time -- book your room before May 31 to receive the preferred conference rate!
View of the Bosphorus, IstanbulAn apartment in IstanbulView of the Seine
This past week, I spent a lot of time visiting Istanbul's main sights, but had the fortune of also getting to know a bit of the 'real' Istanbul by visiting "Istanbul European" -- the modern side of the city. The coast along the Bosphorus, the towns such as Ortaköy and Bebek, greatly resemble the French Riviera -- just as lovely and just as trendy!
Living in an apartment with a view of the sea is just as desirable and prices are perhaps a bit lower. For example, a spacious 130 m2 two-bedroom apartment in Bebek is selling for €649,000 -- that's less than 5,000€ per square meter, less than if it were overlooking Nice or the port of Villefranche-sur-Mer.
During the Living and Investing in France Conference in Nice this coming September 27-29, 2013, we'll be learning lots about France's Blue Coast and how living there compares with Paris and other parts of the world...such as Istanbul's Bosphorus coast! (We do hope you will be attending!)
Meanwhile, Paris is still the center of attention. According to the latest housing data of the Chambre de Notaires de Paris (May 28, 2013) on the property market in the capital, the slowdown in the number of sales continues as prices stabilize and even still on the rise!
In 2013, 6,300 resale apartments were sold in Paris during the first quarter compared to 8,600 during the same period in 2012 (a 26% decrease in the number of sales) and lower when compared to 2011 with 6,700 apartments sold.
To become a property owner in Paris at the end of March 2013, it took 8,260€ per square meter as of the fourth quarter 2012. Increases during the second and third quarters of 2012 and at the highest point during the summer of 2012 have been replaced with record highs.
The average price per district is more mixed, however, with half of the arrondissements showing annual declines, but remaining light. The most expensive districts are (still) the 6th (12,250€/m²), 1st (12,190€/m²) and 7th (12,160€/m²). The most affordable are the 19th (6,720 €/m²), 20th (7,210€/m²) and 18th (7,340€/m²).
The most expensive districts in Paris are Saint-Germain-des-Prés (14,650€/m²) and Monnaie (14,290€/m²) in the 6th arrondissement. The least expensive neighborhoods are Pont de Flandres (6180€/m²) in the 19th arrondissement and La Chapelle (6230€/m²) in the 18th.
If you are considering a purchase in central Paris for investment, then you can no longer use "10,000€/m²" as a 'rule of thumb.' It's time to up the index! And if you want a view of the Seine...even more!...But you won't be sorry you did!
P.S. Don't miss the House Hunters International episode "Sizing Up the Parisian Suburbs" on June 1, at 7:30 p.m. E/P. As a job opportunity brings them to Paris, will Rich and Rachel find enough space for their soon to be family of four? Find out when House Hunters International peruses the villages surrounding Paris.
Find Your Ideal Long-term Paris Rental Apartment
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Our rental professionals can assist you in finding a furnished or unfurnished apartment in Paris or the adjacent suburbs for stays of 3 months to 3 years, based or your specific preferences, budgets and needs. We can also assist in the lease negotiations.
If you’ve found an apartment but want someone to view it on your behalf, we can do that too!