As the quintessence of elegance and chic, international real estate buyers continue to be seduced by Paris luxury property market. As one of Europe’s iconic cities, Paris is a source of fascination the world over due to its elegance, its beautiful architecture, its culture, and its well-preserved historical heritage.
Visitors to the French capital are charmed and romanced by the city’s timeless beauty and enchanting air. The city boasts grand monuments such as the Eiffel Tower, Notre-Dame Cathedral and the incomparable Champs-Elysées.
The monuments are magnificent, yet the charm of Paris lies in the small details: the cobblestone streets, the beautifully trimmed trees, the delights of the local ‘boulangeries’, the tea salons, brasseries from the Belle Epoque era and the art galleries that exist in profusion. Some have described Paris as an open-air museum, its buildings in themselves works of art, its citizenry’s everyday attire worthy of a spread in a fashion magazine.
Haute-couture boutiques and atmospheric cafés, magnificent restaurants and charming street markets, Paris represents the exquisite lifestyle. Its formal gardens captivate, its galleries and art collections are priceless. Here, one may visit the Louvre and the Musée d’Orsay to enjoy the Mona Lisa and masterpieces by Monet. And exploring the city’s many distinct neighbourhoods, such as the quaint Latin Quarter, Montmartre with its Bohemian atmosphere and the café scene in Saint-Germain-des-Prés, is pure joy. Each will enchant and excite the visitor in its own unique fashion.
The luxury property market in Paris is long renowned for its diversity and broad appeal to families, couples, professionals and retirees. Buyers are a mix of nationalities, including investors from the Middle East, North America and Europe – mainly from Italy, Portugal and the United Kingdom. But investors from emerging markets have increasingly invested in luxury homes in Paris as a way to protect their capital, with particular interest shown from Russia, North Africa, Asia and South America.
International buyers have been particularly drawn to the districts along either side of the Seine that make up the city’s historic core. On the Left Bank, that means the upmarket 7th arrondissement around the Eiffel Tower and the livelier neighbouring 6th arrondissement with its wealth of galleries and boutiques, restaurants and cafés.
The 8th arrondissement on the Right Bank, home to Avenue des Champs-Élysées and the ‘Golden Triangle’ with its collection of exclusive shops and luxury hotels, is the highest priced area of Paris property, closely followed by the more residential 16th arrondissement.
However, compared to many other capitals and world cities, Paris real estate prices are still reasonable. This is why so much foreign capital is drawn to the city in search of the ultimate elite property. Here it is still possible to acquire grand and lavishly renovated apartments in beautifully preserved historic buildings overlooking the city’s many monuments or with views of the Seine.
Paris is irreplaceable and its magnificent architecture protected by strict regulations which is why so many of the world’s ultra-wealthy come to invest. As one of the world’s major global cities, Paris real estate market is liquid, diversified, stable and attractive, making the city an interesting mid- to long-term investment opportunity.