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Property prices in Paris

Hello everyone,

Finding affordable housing in Paris is number one priority for newcomers. Tell us more about the estate market in your district/city/region.

What are the most desired places to live? What are the most affordable ones? What is the average cost of a rented flat? And what is the average sale price for an appartment or a house? Could you tell us more about local real estate policies/procedures? What about property tax or residency tax in Paris?

What about you? Where do you live now? Is it a place you would recommend?

Thank you in advance for your clarifications.

Priscilla

Finding affordable housing in Paris is number one priority for newcomers. Tell us more about the estate market in your district/city/region.

As a real estate agent and consultant in Paris working within the industry since 2002,  that's a big question with too many answers! Help us narrow down the question!

What are the most desired places to live?

By whose standards? Everyone I know loves where they live in Paris!

What are the most affordable ones?

The affordability is outlined specifically monthly by the Chambre de Notaires. These figures are available to the public via their website, but the most expensive districts are the 6th and 7th, while the least expensive are the 19th and 20th.

What is the average cost of a rented flat?

You could average the costs to about 35 euros per square meter per month, but now with rent control, the city has laid out very specific rental rates.

And what is the average sale price for an apartment or a house?

Again, these figures are obtainable via the Chambre de Notaires site, but it makes no sense to average the whole city, or even a district, as each neighborhood speaks for itself.

Could you tell us more about local real estate policies/procedures?

How much time or space do you have? I have written dozens of articles about this, and it's a book worth.

What about property tax or residency tax in Paris?

There are two property taxes annually and each is about .0001% of the value of the property -- so very, very low, by US standards: Taxe d'Habitation paid by the occupant on January 1 and Taxe Foncière paid by the owner.

What about you? Where do you live now?

Le Marais -- 3rd Arrondissement.

Is it a place you would recommend?

It's one of the best districts in which to invest for a variety of reasons -- mainly lifestyle and ambiance is tough to beat.

Thank you in advance for your clarifications.



Priscilla

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