{ "version": "https://jsonfeed.org/version/1.1", "user_comment": "This feed allows you to read the posts from this site in any feed reader that supports the JSON Feed format. To add this feed to your reader, copy the following URL -- https://www.parisperfect.com/blog/category/apartments-for-sale/feed/json/ -- and add it your reader.", "next_url": "https://www.parisperfect.com/blog/category/apartments-for-sale/feed/json/?paged=2", "home_page_url": "https://www.parisperfect.com/blog/category/apartments-for-sale/", "feed_url": "https://www.parisperfect.com/blog/category/apartments-for-sale/feed/json/", "language": "en-US", "title": "Buying an Apartment in Paris -", "description": "Paris Blog, Travel Blog, Travel Tips - Paris Perfect", "items": [ { "id": "https://www.parisperfect.com/blog/?p=30761", "url": "https://www.parisperfect.com/blog/2024/12/2024-paris-real-estate-update-navigating-economic-shifts/", "title": "2024 Paris Real Estate Update: Navigating Economic Shifts and Opportunities for Buyers", "content_html": "

\"2024

\n

French Economic Policy and Its Impact on the 2025 Parisian Real Estate Market: What Buyers Should Know

\n

It\u2019s been a wild few months, but all in all, Paris remains currently \u201con sale\u201d and a safe investment, especially for US dollar holders.

\n

In a move that has sent ripples through global financial markets, ratings agency Moody’s downgraded France’s outlook on October 25 from “stable” to \u201cnegative.’ opening the door to a potential credit rating cut as it cited concerns over the country’s finances. This downgrade follows the country’s significant increase in spending during the COVID-19 pandemic, as it provided extensive social support to its citizens to avoid a major economic and health catastrophe. However, with mounting debts from these measures, France now faces a difficult challenge in managing its finances.

\n

A key issue that has contributed to this situation is France’s political landscape. After the snap elections in July 2024, the country finds itself with a split legislature, which has created gridlock on crucial financial decisions. Lawmakers have been unable to agree on the necessary austerity measures, such as raising taxes and implementing cuts to reduce the national debt to a more manageable level in relation to the country’s GDP. This lack of consensus has compounded France’s economic struggles and contributed to the risk of downgrade of its credit rating.

\n

The good news is that ratings agency S&P maintained its grade for the French economy, saying on Friday, November 29, 2024 that the outlook was “stable” despite the European country’s mountain of debt and political troubles. This positive move happened despite and as expected – French lawmakers voted on Wednesday, December 4, 2024 to oust the government of Prime Minister Michel Barnier after just three months in office.

\n

\"\"

\n

How Does This Affect the Real Estate Market?

\n

One of the primary questions many investors and potential buyers are asking is: How will this affect the French real estate market and, specifically, mortgage interest rates?

\n

The European Central Bank will trim 25 basis points (bps) from its deposit rate on December 12, according to all but two of 75 economists polled by Reuters, and at least 100 bps more next year as the economy slows and fears mount about US tariffs. While many economists expected that interest rates in Europe would decrease in early 2025, particularly as inflationary pressures eased across the continent, the situation in France is proving to be more complicated. According to our bank partners interviewed this week, due to the country’s debt issues and uncertain economic outlook, mortgage interest rates in France are likely to remain flat or even increase slightly in the coming months. Even so, French mortgage rates remain extremely competitive compared to other countries: 3.8% to 4.5% for 15 to 25 years, fixed for the entire duration.

\n

\"What

\n

What Does This Mean for Parisian Real Estate Prices?

\n

For those looking to purchase real estate in Paris, the immediate impact of rising or stable interest rates is a good sign as that historically brings flat or even slightly decreased property prices.

\n

However don\u2019t forget these key points:

\n\n

Whether you are buying a \u201cperfect\u201d apartment or not – it\u2019s clear that prices are at their lowest now. Despite current economic conditions, we predict that real estate prices in Paris will remain relatively stable in the near term and then increase slowly in 2025.

\n

\"Higher

\n

Higher Purchasing Power for Buyers with US Dollars

\n

Additionally, for international buyers, particularly those from the United States, there is an added benefit: The US dollar remains strong, making Parisian real estate even more attractive. The US dollar has gained 6 basis points since the end September 2024 and is widely expected to remain strong in the first half of 2025. Effectively, that means that Paris property is \u201con sale\u201d for US buyers right now.

\n

What Should Buyers Do Now?

\n

If you are considering buying property in Paris, the current market provides an ideal opportunity to buy with prices at their lowest and extremely competitive fixed French mortgage rates. While the political deadlock in France presents economic challenges, the Paris real estate market has remained stable and a safe place to invest through every historic market shock we\u2019ve seen in the last 20 years. For US buyers with dollars, there has never been a better time to buy.

\n

Our search team at Paris Perfect are experts in finding the perfect apartment for you to buy and we would be happy to speak with you about it.\u00a0Check out\u00a0our tips when you start your search\u00a0and email our team at\u00a0Sales@ParisPerfect.com\u00a0if you\u2019d like to find out more about buying an apartment in Paris.

\n

The post 2024 Paris Real Estate Update: Navigating Economic Shifts and Opportunities for Buyers appeared first on Paris Perfect.

\n", "content_text": "French Economic Policy and Its Impact on the 2025 Parisian Real Estate Market: What Buyers Should Know\nIt\u2019s been a wild few months, but all in all, Paris remains currently \u201con sale\u201d and a safe investment, especially for US dollar holders.\nIn a move that has sent ripples through global financial markets, ratings agency Moody’s downgraded France’s outlook on October 25 from “stable” to \u201cnegative.’ opening the door to a potential credit rating cut as it cited concerns over the country’s finances. This downgrade follows the country’s significant increase in spending during the COVID-19 pandemic, as it provided extensive social support to its citizens to avoid a major economic and health catastrophe. However, with mounting debts from these measures, France now faces a difficult challenge in managing its finances.\nA key issue that has contributed to this situation is France’s political landscape. After the snap elections in July 2024, the country finds itself with a split legislature, which has created gridlock on crucial financial decisions. Lawmakers have been unable to agree on the necessary austerity measures, such as raising taxes and implementing cuts to reduce the national debt to a more manageable level in relation to the country’s GDP. This lack of consensus has compounded France’s economic struggles and contributed to the risk of downgrade of its credit rating.\nThe good news is that ratings agency S&P maintained its grade for the French economy, saying on Friday, November 29, 2024 that the outlook was “stable” despite the European country’s mountain of debt and political troubles. This positive move happened despite and as expected – French lawmakers voted on Wednesday, December 4, 2024 to oust the government of Prime Minister Michel Barnier after just three months in office.\n\nHow Does This Affect the Real Estate Market?\nOne of the primary questions many investors and potential buyers are asking is: How will this affect the French real estate market and, specifically, mortgage interest rates?\nThe European Central Bank will trim 25 basis points (bps) from its deposit rate on December 12, according to all but two of 75 economists polled by Reuters, and at least 100 bps more next year as the economy slows and fears mount about US tariffs. While many economists expected that interest rates in Europe would decrease in early 2025, particularly as inflationary pressures eased across the continent, the situation in France is proving to be more complicated. According to our bank partners interviewed this week, due to the country’s debt issues and uncertain economic outlook, mortgage interest rates in France are likely to remain flat or even increase slightly in the coming months. Even so, French mortgage rates remain extremely competitive compared to other countries: 3.8% to 4.5% for 15 to 25 years, fixed for the entire duration.\n\nWhat Does This Mean for Parisian Real Estate Prices?\nFor those looking to purchase real estate in Paris, the immediate impact of rising or stable interest rates is a good sign as that historically brings flat or even slightly decreased property prices.\nHowever don\u2019t forget these key points:\n\nRising interest rates in France from 2022 to July 2024 stalled the market so a large demand to purchase has built up and created a backlog of buyers which will drive prices upwards\nParis real estate prices are currently at their lowest on average since June 2020\nParisian properties in the best locations with good bones have not historically had major price fluctuations due to economic shocks (+/- 3-5%)\n\nWhether you are buying a \u201cperfect\u201d apartment or not – it\u2019s clear that prices are at their lowest now. Despite current economic conditions, we predict that real estate prices in Paris will remain relatively stable in the near term and then increase slowly in 2025.\n\nHigher Purchasing Power for Buyers with US Dollars\nAdditionally, for international buyers, particularly those from the United States, there is an added benefit: The US dollar remains strong, making Parisian real estate even more attractive. The US dollar has gained 6 basis points since the end September 2024 and is widely expected to remain strong in the first half of 2025. Effectively, that means that Paris property is \u201con sale\u201d for US buyers right now.\nWhat Should Buyers Do Now?\nIf you are considering buying property in Paris, the current market provides an ideal opportunity to buy with prices at their lowest and extremely competitive fixed French mortgage rates. While the political deadlock in France presents economic challenges, the Paris real estate market has remained stable and a safe place to invest through every historic market shock we\u2019ve seen in the last 20 years. For US buyers with dollars, there has never been a better time to buy.\nOur search team at Paris Perfect are experts in finding the perfect apartment for you to buy and we would be happy to speak with you about it.\u00a0Check out\u00a0our tips when you start your search\u00a0and email our team at\u00a0Sales@ParisPerfect.com\u00a0if you\u2019d like to find out more about buying an apartment in Paris.\nThe post 2024 Paris Real Estate Update: Navigating Economic Shifts and Opportunities for Buyers appeared first on Paris Perfect.", "date_published": "2024-12-12T05:31:45-05:00", "date_modified": "2024-12-12T11:12:10-05:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/admin/", "avatar": "https://secure.gravatar.com/avatar/6fd13d5524fac51fbfd22557f9856dca979fd954ff9a8be6b802a534ec487640?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/admin/", "avatar": "https://secure.gravatar.com/avatar/6fd13d5524fac51fbfd22557f9856dca979fd954ff9a8be6b802a534ec487640?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2024/12/BR-buildings-corner-marais-paris-1.jpg", "tags": [ "Buying an Apartment in Paris" ] }, { "id": "https://www.parisperfect.com/blog/?p=30397", "url": "https://www.parisperfect.com/blog/2024/03/paris-real-estate-insights-from-2023-and-forecasts-for-2024/", "title": "Paris Real Estate: Insights from 2023 and Forecasts for 2024", "content_html": "
\"Paris

Find out the latest on the Paris property market! (credit)

\n

After the adventurous last year in the Paris real estate market, with many unprecedented factors, there’s a lot to catch up on. As local experts in the Paris property scene, we’re here to guide you through all the latest ins and outs of the market. Join us as we take a look back on crazy 2023 and discuss what’s on the horizon for 2024. From recent trends to future forecasts, these valuable insights will help you navigate the Paris real estate landscape with confidence. Plus, our Paris Property Search team is always on hand to help you find your dream apartment in Paris!

\n

\"buying

\n

The Perfect Storm of 2023 and Parisian Real Estate

\n

Real estate transactions were greatly reduced across France in 2023 and prices decreased in most areas. Let’s look at the impact in Paris. Paris is the market that fared best across France during the downturn, albeit with a decline of 22% in real estate transactions in 2023 vs. 2022 and decline of 6% compared to the average over the last 10 years.

\n

2023 Recap Part I: First, we saw mortgage interest rates rapidly climb to their highest peak in over 14 years

\n

Between 2000 and early 2002, French mortgage rates (for resident buyers) were around 5 to 5.50%. They fell until 2005, reaching a low of less than 4% but rose again until 2009 and the subprime crisis, to return to over 5%.

\n

Since peaking in 2009, French mortgage interest rates fell gradually until early 2022, hovering just above the almost too good to be true rate of 1.00%. With economic pressure from the war in Ukraine and other global events, central banks around the world started raising interest rates to combat rising inflation.

\n

2022: Rates Start to Rise! Since March 2022, the average mortgage interest rate in France rose from 1.06% to 4.24% in 23 months, before falling back to 3.99%. This created a massive shock to the French real estate market. Already losing purchasing power from inflation, suddenly many prospective home buyers could no longer afford mortgage payments at the new rates. Real estate transactions fell, prices started to soften and anyone who didn’t need to sell took their property off the market. This was particularly the case in Paris.

\n

\"cairanne-paris-property-purchase\"

\n

Did you get a French mortgage in 2023? Not to worry \u2013 our clients who borrowed at the height of rates in 2005 can refinance when rates decline.

\n

Rule of Thumb about Refinancing: The rule of thumb is that the proposed interest rate must be 1% less than your current rate in order for you to save money with a refinance. French banks offer fixed rate mortgages that are fixed for the entire loan duration, but as our favorite French banker likes to say, \u201cFrance only offers variable rate mortgages that vary on the way down.\u201d

\n

Today: Mixed Messages on Rates. The message from the European Central Bank is rates are headed down. However, we\u2019re getting mixed messages from our banks themselves. Some started to drop rates in February while others remain cautious and are keeping rates stable. One thing is clear, mortgage sales were very low for all French banks last year, so they will need to start lending soon with more flexibility in 2024 to make up for those losses.

\n

\"\"

\n

KEY TAKEAWAY: \u201cIn over twenty years, we had never seen French banks stop lending. But that’s exactly what happened in 2023.\u201d

\n

2023 Part II: We had the French \u201cTaux d’usure Crisis\u201d

\n

The taux d’usure (the “usury” rate) is the maximum interest rate that banks are allowed to charge in France. It’s similar to the American APR in that it incorporates some other charges linked to borrowing to buy real estate such as insurance and part of the closing costs. As interest rates in 2023 were skyrocketing on a monthly basis, the taux d’usure was completely out of touch with market reality, meaning banks could not afford to lend at the government-dictated rate.

\n

Why did this happen? With interest rates rising so fast, the wholesale cost of borrowing for the banks was bumping up against the maximum legal lending rate in France, so they began to lose money when they made a mortgage loan.

\n

The Unspoken Rule Among Banks – Stop Lending: Banks made their lending criteria so difficult that few clients qualified and some of them simply stopped lending. In over twenty years of finding mortgages for our buyers in France \u2013 including countless economic crises (examples: 9/11, the from 2009-2014, the Lehman Brothers bank default in 2008, the Greek Euro crisis in 2015, Covid), we had never seen the French banks stop lending. But that’s what they did last year.

\n

The French government finally changed the taux d’usure to be updated on a monthly basis mid 2023 and banking slowly started to recover in December 2023. They are back to quarterly updates now as of January 2024, which is a strong sign that French mortgage interest rates have stabilized. We are proud to say that we were one of the few French mortgage brokers who continued to be able to secure mortgages for our clients, both resident and non resident, in 2023.

\n

\"Paris

\n

2023 Part III: New home energy efficiency laws take effect in France

\n

The French government voted in the \u201cLoi Climat et r\u00e9silience\u201d to make changes regarding home energy efficiency. The goal is to reduce greenhouse gas emissions and reduce gas and electricity consumption.

\n

Homes with the lowest energy efficiency ratings (Diagnostic de performance \u00e9nerg\u00e9tique or DPE) will soon be banned from the rental market unless they undergo renovations to make them more energy efficient.

\n

From January 1, 2023, properties with the lowest energy efficiency (G) and which consume over 450kWH per square meter per year, will no longer be able to be rented out. This rule will extend to all G-rated properties from 2025, all F-rated properties from 2028 and all E-rated properties from 2034. As a result, property values are softening for the lower ratings as buyers must anticipate renovation costs if they plan to rent their apartment.

\n

\"\"

\n

In Spite of Headwinds: Looking back at 2023, the overall price decline was about 6.9%, but the real story was the decline in volume of transactions: -22%. But the most desirable properties continued to sell.

\n
\"\"

The average price per m\u00b2 in Paris was \u20ac9,770 in Q4 2023.

\n

 

\n

KEY TAKEAWAY: \u201cPremium Paris apartment prices are much more resistant to market shocks than the rest of the market.\u201d

\n

2024 Prediction: This decreasing price trend is set to continue into spring 2024. We can expect an average price per m\u00b2 of \u20ac9,410 for Paris in April 2024 (-8.1% year on year). This would bring us back to average Paris real estate prices of summer 2018.

\n

One thing is clear: Prices for premium Paris apartments are much more resistant to market shocks than the rest of the market.

\n

\"\"

\n

\"\"

\n

Summary of Price Changes by Arrondissement: Annual price declines range from 2.8% in the 8th arrondissement to 12.1% in the 13th. The steepest declines were mainly the least expensive arrondissements on the eastern outskirts. Important: the most sought after quartiers such as the 6th, 7th and 8th arrondissements and this historic center around the islands and the Marais saw the smallest declines.

\n

KEY TAKEAWAY: \u201cThe safest investment is a top quality Paris apartment in the best neighborhoods.\u201d

\n

So is Paris \u201con sale\u201d right now?

\n

While we may not have arrived at market stabilization after the massive shocks of 2023, remember that the Paris property market has limited stock. There is a housing shortage in Paris and stable demand from international buyers, growing families and students coming to Paris to name but a few. We continue to have more buyers than sellers and only so many nice apartments for sale in our beautiful city. This creates a limit to how far prices can fall. It’s a very good time to buy in Paris right now, but you will not see massive price discounts on the best \u201cpremium\u201d apartments.

\n

If you are considering investing in Paris, here’s the good news \u2013 it’s almost impossible to lose money by investing in a top quality Paris apartment in a good neighborhood. Looking back at 2023 and 2009, arguably the worst markets among the many economic shocks we have been through, the best apartments (if put on the market for sale) only lost about 3% of their value at the time and then bounced back. As an example, clients who sold the apartment we found for them in 2013 at the end of 2023 sold for 18.3% higher than the initial price including closing costs and had a gain on sale of more than \u20ac300,000.

\n

\"\"

\n

KEY TAKEAWAY: \u201cThe average price per m2 should be used as the bottom end of the price range in a given area.\u201d

\n

Keep in mind that the Paris notaire statistics used to calculate the average price per m2 take into account all Paris apartments \u2013 the ground floor, the caretaker’s lodge, the maid’s chambers, apartments with defects and strange layouts. The price decline is an indicator but not always applicable to the high quality apartments located in the charming, highly sought after neighborhoods that our clients typically seek (beautiful light, smart layout, classic Parisian amenities, etc.). These apartments have held up remarkably well through the various economic crises we have seen. Further, each Paris arrondissement is split into four neighborhoods. The average price per m2 can differ by thousands between neighborhoods in the same arrondissement. As international clients look for the best quality apartments, the average price per m2 should be used as the bottom end of the price range in a given area.

\n

\"\"

\n

2024 Forecast: Slowly Improving

\n

The Chamber of Notaires of Paris predict that the price decline is set to gradually continue in spring 2024, and their outlook for the coming months remains downbeat despite positive announcements by some banks of reduced mortgage interest rates to come which should kickstart the market and increase demand, therefore stabilizing price.

\n

The Paris real estate market should continue to improve over the coming months with the number of Paris property transactions. Our team has been very busy since January with many international buyers actively searching the market. Our real estate agent colleagues confirm the same.

\n

We predict that with some Parisian premium apartment owners who held back to sell in 2023 we’ll see more coming on the market in the months to come.

\n

\"How

\n

Ready to call Paris home in 2024?

\n

If you’re searching for your dream apartment in Paris, reach out to our Property Search team at sales@parisperfect.com to find out how we can help you every step of the way. In addition to finding you the perfect property, we can help you successfully navigate the Paris real estate market, handle the purchase process and offer tips on remodeling and getting the best returns on investment – all based on decades of tried and true experience in the Paris property market!

\n

 

\n

(Source for Paris real estate charts and statistics : ADSN-BIEN – Notaires du Grand Paris)

\n

The post Paris Real Estate: Insights from 2023 and Forecasts for 2024 appeared first on Paris Perfect.

\n", "content_text": "Find out the latest on the Paris property market! (credit)\nAfter the adventurous last year in the Paris real estate market, with many unprecedented factors, there’s a lot to catch up on. As local experts in the Paris property scene, we’re here to guide you through all the latest ins and outs of the market. Join us as we take a look back on crazy 2023 and discuss what’s on the horizon for 2024. From recent trends to future forecasts, these valuable insights will help you navigate the Paris real estate landscape with confidence. Plus, our Paris Property Search team is always on hand to help you find your dream apartment in Paris!\n\nThe Perfect Storm of 2023 and Parisian Real Estate\nReal estate transactions were greatly reduced across France in 2023 and prices decreased in most areas. Let’s look at the impact in Paris. Paris is the market that fared best across France during the downturn, albeit with a decline of 22% in real estate transactions in 2023 vs. 2022 and decline of 6% compared to the average over the last 10 years.\n2023 Recap Part I: First, we saw mortgage interest rates rapidly climb to their highest peak in over 14 years\nBetween 2000 and early 2002, French mortgage rates (for resident buyers) were around 5 to 5.50%. They fell until 2005, reaching a low of less than 4% but rose again until 2009 and the subprime crisis, to return to over 5%.\nSince peaking in 2009, French mortgage interest rates fell gradually until early 2022, hovering just above the almost too good to be true rate of 1.00%. With economic pressure from the war in Ukraine and other global events, central banks around the world started raising interest rates to combat rising inflation.\n2022: Rates Start to Rise! Since March 2022, the average mortgage interest rate in France rose from 1.06% to 4.24% in 23 months, before falling back to 3.99%. This created a massive shock to the French real estate market. Already losing purchasing power from inflation, suddenly many prospective home buyers could no longer afford mortgage payments at the new rates. Real estate transactions fell, prices started to soften and anyone who didn’t need to sell took their property off the market. This was particularly the case in Paris.\n\nDid you get a French mortgage in 2023? Not to worry \u2013 our clients who borrowed at the height of rates in 2005 can refinance when rates decline.\nRule of Thumb about Refinancing: The rule of thumb is that the proposed interest rate must be 1% less than your current rate in order for you to save money with a refinance. French banks offer fixed rate mortgages that are fixed for the entire loan duration, but as our favorite French banker likes to say, \u201cFrance only offers variable rate mortgages that vary on the way down.\u201d\nToday: Mixed Messages on Rates. The message from the European Central Bank is rates are headed down. However, we\u2019re getting mixed messages from our banks themselves. Some started to drop rates in February while others remain cautious and are keeping rates stable. One thing is clear, mortgage sales were very low for all French banks last year, so they will need to start lending soon with more flexibility in 2024 to make up for those losses.\n\nKEY TAKEAWAY: \u201cIn over twenty years, we had never seen French banks stop lending. But that’s exactly what happened in 2023.\u201d\n2023 Part II: We had the French \u201cTaux d’usure Crisis\u201d\nThe taux d’usure (the “usury” rate) is the maximum interest rate that banks are allowed to charge in France. It’s similar to the American APR in that it incorporates some other charges linked to borrowing to buy real estate such as insurance and part of the closing costs. As interest rates in 2023 were skyrocketing on a monthly basis, the taux d’usure was completely out of touch with market reality, meaning banks could not afford to lend at the government-dictated rate.\nWhy did this happen? With interest rates rising so fast, the wholesale cost of borrowing for the banks was bumping up against the maximum legal lending rate in France, so they began to lose money when they made a mortgage loan.\nThe Unspoken Rule Among Banks – Stop Lending: Banks made their lending criteria so difficult that few clients qualified and some of them simply stopped lending. In over twenty years of finding mortgages for our buyers in France \u2013 including countless economic crises (examples: 9/11, the from 2009-2014, the Lehman Brothers bank default in 2008, the Greek Euro crisis in 2015, Covid), we had never seen the French banks stop lending. But that’s what they did last year.\nThe French government finally changed the taux d’usure to be updated on a monthly basis mid 2023 and banking slowly started to recover in December 2023. They are back to quarterly updates now as of January 2024, which is a strong sign that French mortgage interest rates have stabilized. We are proud to say that we were one of the few French mortgage brokers who continued to be able to secure mortgages for our clients, both resident and non resident, in 2023.\n\n2023 Part III: New home energy efficiency laws take effect in France\nThe French government voted in the \u201cLoi Climat et r\u00e9silience\u201d to make changes regarding home energy efficiency. The goal is to reduce greenhouse gas emissions and reduce gas and electricity consumption.\nHomes with the lowest energy efficiency ratings (Diagnostic de performance \u00e9nerg\u00e9tique or DPE) will soon be banned from the rental market unless they undergo renovations to make them more energy efficient.\nFrom January 1, 2023, properties with the lowest energy efficiency (G) and which consume over 450kWH per square meter per year, will no longer be able to be rented out. This rule will extend to all G-rated properties from 2025, all F-rated properties from 2028 and all E-rated properties from 2034. As a result, property values are softening for the lower ratings as buyers must anticipate renovation costs if they plan to rent their apartment.\n\nIn Spite of Headwinds: Looking back at 2023, the overall price decline was about 6.9%, but the real story was the decline in volume of transactions: -22%. But the most desirable properties continued to sell.\nThe average price per m\u00b2 in Paris was \u20ac9,770 in Q4 2023.\n \nKEY TAKEAWAY: \u201cPremium Paris apartment prices are much more resistant to market shocks than the rest of the market.\u201d\n2024 Prediction: This decreasing price trend is set to continue into spring 2024. We can expect an average price per m\u00b2 of \u20ac9,410 for Paris in April 2024 (-8.1% year on year). This would bring us back to average Paris real estate prices of summer 2018.\nOne thing is clear: Prices for premium Paris apartments are much more resistant to market shocks than the rest of the market.\n\n\nSummary of Price Changes by Arrondissement: Annual price declines range from 2.8% in the 8th arrondissement to 12.1% in the 13th. The steepest declines were mainly the least expensive arrondissements on the eastern outskirts. Important: the most sought after quartiers such as the 6th, 7th and 8th arrondissements and this historic center around the islands and the Marais saw the smallest declines.\nKEY TAKEAWAY: \u201cThe safest investment is a top quality Paris apartment in the best neighborhoods.\u201d\nSo is Paris \u201con sale\u201d right now?\nWhile we may not have arrived at market stabilization after the massive shocks of 2023, remember that the Paris property market has limited stock. There is a housing shortage in Paris and stable demand from international buyers, growing families and students coming to Paris to name but a few. We continue to have more buyers than sellers and only so many nice apartments for sale in our beautiful city. This creates a limit to how far prices can fall. It’s a very good time to buy in Paris right now, but you will not see massive price discounts on the best \u201cpremium\u201d apartments.\nIf you are considering investing in Paris, here’s the good news \u2013 it’s almost impossible to lose money by investing in a top quality Paris apartment in a good neighborhood. Looking back at 2023 and 2009, arguably the worst markets among the many economic shocks we have been through, the best apartments (if put on the market for sale) only lost about 3% of their value at the time and then bounced back. As an example, clients who sold the apartment we found for them in 2013 at the end of 2023 sold for 18.3% higher than the initial price including closing costs and had a gain on sale of more than \u20ac300,000.\n\nKEY TAKEAWAY: \u201cThe average price per m2 should be used as the bottom end of the price range in a given area.\u201d\nKeep in mind that the Paris notaire statistics used to calculate the average price per m2 take into account all Paris apartments \u2013 the ground floor, the caretaker’s lodge, the maid’s chambers, apartments with defects and strange layouts. The price decline is an indicator but not always applicable to the high quality apartments located in the charming, highly sought after neighborhoods that our clients typically seek (beautiful light, smart layout, classic Parisian amenities, etc.). These apartments have held up remarkably well through the various economic crises we have seen. Further, each Paris arrondissement is split into four neighborhoods. The average price per m2 can differ by thousands between neighborhoods in the same arrondissement. As international clients look for the best quality apartments, the average price per m2 should be used as the bottom end of the price range in a given area.\n\n2024 Forecast: Slowly Improving\nThe Chamber of Notaires of Paris predict that the price decline is set to gradually continue in spring 2024, and their outlook for the coming months remains downbeat despite positive announcements by some banks of reduced mortgage interest rates to come which should kickstart the market and increase demand, therefore stabilizing price.\nThe Paris real estate market should continue to improve over the coming months with the number of Paris property transactions. Our team has been very busy since January with many international buyers actively searching the market. Our real estate agent colleagues confirm the same.\nWe predict that with some Parisian premium apartment owners who held back to sell in 2023 we’ll see more coming on the market in the months to come.\n\nReady to call Paris home in 2024?\nIf you’re searching for your dream apartment in Paris, reach out to our Property Search team at sales@parisperfect.com to find out how we can help you every step of the way. In addition to finding you the perfect property, we can help you successfully navigate the Paris real estate market, handle the purchase process and offer tips on remodeling and getting the best returns on investment – all based on decades of tried and true experience in the Paris property market!\n \n(Source for Paris real estate charts and statistics : ADSN-BIEN – Notaires du Grand Paris)\nThe post Paris Real Estate: Insights from 2023 and Forecasts for 2024 appeared first on Paris Perfect.", "date_published": "2024-03-29T06:09:02-04:00", "date_modified": "2024-04-04T06:12:18-04:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2024/03/paris-property-update-getty-images-3pr7aHDm1rI-unsplash.jpg", "tags": [ "Buying an apartment in Paris", "paris apartment buying", "Paris property market", "Paris property search", "Buying an Apartment in Paris" ], "summary": "From recent trends to future forecasts, join us as we look back on 2023 and discuss what's on the horizon for 2024 so you can navigate the Paris real estate landscape like a pro." }, { "id": "https://www.parisperfect.com/blog/?p=30235", "url": "https://www.parisperfect.com/blog/2024/01/paris-perfect-exclusive-charming-apartment-for-sale-in-saint-germain-des-pres/", "title": "Paris Perfect Exclusive: Charming Apartment for Sale in Saint-Germain-des-Pr\u00e9s", "content_html": "
\"Paris

Step into this beautiful Parisian apartment for sale in Saint-Germain.

\n

Every time we find the perfect apartment for one of our clients looking to buy property in Paris, it’s such a joy that we often fall in love with the apartments as well. That’s exactly what happened when we helped a longtime Paris Perfect client find her dream home nestled in the heart of the chic Saint-Germain neighborhood along historic rue du Dragon.

\n

This beautiful apartment is owned by world famous author, Louise Penny, whose best-selling novels about Chief Inspector Armand Gamache have been published in 23 languages. Her great love for the City of Light made it one of her favorite writing destinations. Here’s where much of the creativity happened! With historic wooden beams, charming views, and Louise’s artistic touches, it’s truly a perfect Parisian home. However, she’s now looking for a bigger place, which means you have the chance to own this very special pied-\u00e0-terre in the heart of Paris!

\n
\"Paris

Gorgeous light and historic details in the living room.

\n

Priced at \u20ac1,195,000 \u2013 remarkable for a move-in ready apartment on one of the most beautiful historic streets in Paris’s Saint-Germain neighborhood. This is a rare opportunity exclusively for Paris Perfect followers. Enjoy a closer look and then contact our team at sales@parisperfect.com for all of the details and to schedule an in person or virtual showing.

\n

Highlights of this Apartment for Sale:

\n\n
\"2

Inviting and comfortable living room with kitchen and dining area.

\n

An Open Plan Design for Parisian Living

\n

From the moment you step into this apartment, you’re surrounded by a lovely sense of history. Original wooden beams from the 1800s decorate the ceiling, adding their rich, deep hue and characteristic decorative style to the space. With two large French windows, there’s fabulous light in the living area, along with absolutely charming views looking out on rue du Dragon. Louise was right to place a sofa directly facing the view \u2013 it’s oh so Parisian! While you’ll enjoy having the windows open, they’re also double-paned for total calm and comfort.

\n
\"\"

Charming buildings along rue du Dragon.

\n

The open plan design couldn’t be more convenient. The spacious living area has plenty of room for a seating area anchored by the decorative fireplace as well as a dining area that opens to the beautiful kitchen. It’s the perfect space to enjoy relaxed evenings at home in Paris or even spend time with family or friends visiting.

\n
\"Paris

Beautiful historic details in the living room.

\n

Recently remodeled to a very high standard, this apartment for sale has a classic style and gorgeous parquet flooring. It’s ready for you to add your creative touch to create your own dream Parisian home!

\n
\"Remodeled

Beautiful modern kitchen with sleek cabinets.

\n

Although located in a historic building, this property has an energy rating of D, which is excellent for an older building. This means that there won’t be any problems for rentals going forward (ratings less than D will need renovation in order to legally rent) if you choose to rent the property when you’re not in Paris. Short term furnished rentals are no longer legal for second homes in Paris, however, this property is absolutely perfect for the long stay furnished rental market (1 month or more) which is legal and in great demand. It’s all the little\u2014and not so little\u2014details like this that make it so important to work with a team like ours when buying property in Paris. Find out more about our Property Search Services here.

\n

Bedrooms & Bathrooms

\n
\"2

Bright and cheerful master bedroom with large walk in closet.

\n

Follow the hallway lined with exposed wooden beams to find the master bedroom located at the back of apartment on the courtyard. It’s a beautiful space and very sunny, with a quaint view of Parisian buildings with classic wooden shutters. The wallpaper is a fun touch! There’s a huge walk in closet that even has a window for natural light.

\n
\"\"

En suite shower room in bedroom.

\n

The bedroom also includes a en suite shower room with a marble sink, step in shower and full washer and dryer. Along with a spacious walk in closet, having a separate laundry area is rare in Paris.

\n
\"\"

En suite bathroom room with marble sink and shower (right) and washer and dryer (left).

\n

Just outside the master bedroom is a separate powder room. It’s handy to have separate, especially when you have guests visiting.

\n
\"\"

Second bedroom (right) and separate powder room (left) are great for guests!

\n

There’s also an additional small room that can be used as a sleeping nook or an office. Madelyn, the founder of Paris Perfect, has a wonderful sense for maximizing space and she suggests getting an Italian designed desk that can be flipped open to a bed to create a multi-functional office and guest room space. Very clever!

\n
\"\"

Stroll over to the Church of Saint-Germain-des-Pr\u00e9s.

\n

A Chic Address to Call Home in Paris

\n

Nestled in the heart of Paris’s elegant Saint-Germain-des-Pr\u00e9s neighborhood, rue du Dragon has an undeniable charm that makes it a delightful street to call home. Lined with picturesque cafes, boutiques and historic architecture, the atmosphere is both sophisticated and inviting. Step outside to find a perfect blend of cultural richness and modern convenience, with excellent shopping and landmarks like the Church of Saint-Germain-des-Pr\u00e9s, iconic cafes and the Seine just a leisurely stroll away.

\n
\"HW-bon-marche-department-store-outside-paris\"

The historic Le Bon March\u00e9 department store nearby. (Credit: Hannah Wilson)

\n

In addition to being one of the best shopping neighborhoods in Paris, you’ll also be just around the corner from the gorgeous Le Bon March\u00e9 department store and its equally fabulous La Grande \u00c9picerie \u2013 the very best spot for gourmet food shopping in Paris.

\n
\"\"

Spend time strolling through Luxembourg Gardens.

\n

Another perk of rue du Dragon is that it’s very close to both the Seine and Luxembourg Gardens, which you’ll love for evening strolls or enjoying time outdoors right in the heart of Paris. Rue du Dragon encapsulates the quintessential Parisian experience, making it a highly sought-after address on the Left Bank.

\n
\"\"

Enjoy coffee at ones of Paris’s most storied literary cafes.

\n

Saint-Germain-des-Pr\u00e9s has long been a haven for artists and literary luminaries, and its historic cafes stand as testament to this unique creative legacy. The iconic Les Deux Magots and Caf\u00e9 de Flore, both on Boulevard Saint-Germain just around the corner from rue du Dragon, were frequented by creative minds such as Pablo Picasso, Ernest Hemingway and Jean-Paul Sartre. The artistic spirit of the neighborhood is still very much alive. Grab a seat at one of the tables and you might just find yourself inspired by the beauty of Paris too!

\n
\"Paris

Make this beautiful space your home in Paris apartment for sale.

\n

The Perfect Pied-\u00e0-terre in Paris

\n

Are you ready to call this charming Paris apartment home? Whether you’re planning to spend more time each year in Paris or are looking for a fine investment opportunity, this is an excellent chance right now that’s exclusively available to Paris Perfect guests. With such a dream location in the 6th arrondissement and all the historic charm, this apartment won’t be available for long. Contact us today at sales@parisperfect.com for more information and to plan a viewing of this very special Paris apartment for sale!

\n

The post Paris Perfect Exclusive: Charming Apartment for Sale in Saint-Germain-des-Pr\u00e9s appeared first on Paris Perfect.

\n", "content_text": "Step into this beautiful Parisian apartment for sale in Saint-Germain.\nEvery time we find the perfect apartment for one of our clients looking to buy property in Paris, it’s such a joy that we often fall in love with the apartments as well. That’s exactly what happened when we helped a longtime Paris Perfect client find her dream home nestled in the heart of the chic Saint-Germain neighborhood along historic rue du Dragon.\nThis beautiful apartment is owned by world famous author, Louise Penny, whose best-selling novels about Chief Inspector Armand Gamache have been published in 23 languages. Her great love for the City of Light made it one of her favorite writing destinations. Here’s where much of the creativity happened! With historic wooden beams, charming views, and Louise’s artistic touches, it’s truly a perfect Parisian home. However, she’s now looking for a bigger place, which means you have the chance to own this very special pied-\u00e0-terre in the heart of Paris!\nGorgeous light and historic details in the living room.\nPriced at \u20ac1,195,000 \u2013 remarkable for a move-in ready apartment on one of the most beautiful historic streets in Paris’s Saint-Germain neighborhood. This is a rare opportunity exclusively for Paris Perfect followers. Enjoy a closer look and then contact our team at sales@parisperfect.com for all of the details and to schedule an in person or virtual showing.\nHighlights of this Apartment for Sale:\n\n2 bedrooms, 1 bathroom.\nList price: \u20ac1,195,000 (including sales agent fees).\n62.08 sq meters / 668 sq feet.\nBeautiful view overlooking one of the loveliest streets in Saint-Germain-des-Pr\u00e9s.\nSet on the 3rd floor (4th floor American) – No elevator due to the historic building setting.\nLarge windows in living room and sunny bedroom with quaint views of rue du Dragon.\nCoveted 6th arrondissement location in the heart of Saint-Germain surrounded by fabulous shopping, dining and more!\n\nInviting and comfortable living room with kitchen and dining area.\nAn Open Plan Design for Parisian Living\nFrom the moment you step into this apartment, you’re surrounded by a lovely sense of history. Original wooden beams from the 1800s decorate the ceiling, adding their rich, deep hue and characteristic decorative style to the space. With two large French windows, there’s fabulous light in the living area, along with absolutely charming views looking out on rue du Dragon. Louise was right to place a sofa directly facing the view \u2013 it’s oh so Parisian! While you’ll enjoy having the windows open, they’re also double-paned for total calm and comfort.\nCharming buildings along rue du Dragon.\nThe open plan design couldn’t be more convenient. The spacious living area has plenty of room for a seating area anchored by the decorative fireplace as well as a dining area that opens to the beautiful kitchen. It’s the perfect space to enjoy relaxed evenings at home in Paris or even spend time with family or friends visiting.\nBeautiful historic details in the living room.\nRecently remodeled to a very high standard, this apartment for sale has a classic style and gorgeous parquet flooring. It’s ready for you to add your creative touch to create your own dream Parisian home!\nBeautiful modern kitchen with sleek cabinets.\nAlthough located in a historic building, this property has an energy rating of D, which is excellent for an older building. This means that there won’t be any problems for rentals going forward (ratings less than D will need renovation in order to legally rent) if you choose to rent the property when you’re not in Paris. Short term furnished rentals are no longer legal for second homes in Paris, however, this property is absolutely perfect for the long stay furnished rental market (1 month or more) which is legal and in great demand. It’s all the little\u2014and not so little\u2014details like this that make it so important to work with a team like ours when buying property in Paris. Find out more about our Property Search Services here.\nBedrooms & Bathrooms\nBright and cheerful master bedroom with large walk in closet.\nFollow the hallway lined with exposed wooden beams to find the master bedroom located at the back of apartment on the courtyard. It’s a beautiful space and very sunny, with a quaint view of Parisian buildings with classic wooden shutters. The wallpaper is a fun touch! There’s a huge walk in closet that even has a window for natural light.\nEn suite shower room in bedroom.\nThe bedroom also includes a en suite shower room with a marble sink, step in shower and full washer and dryer. Along with a spacious walk in closet, having a separate laundry area is rare in Paris.\nEn suite bathroom room with marble sink and shower (right) and washer and dryer (left).\nJust outside the master bedroom is a separate powder room. It’s handy to have separate, especially when you have guests visiting.\nSecond bedroom (right) and separate powder room (left) are great for guests!\nThere’s also an additional small room that can be used as a sleeping nook or an office. Madelyn, the founder of Paris Perfect, has a wonderful sense for maximizing space and she suggests getting an Italian designed desk that can be flipped open to a bed to create a multi-functional office and guest room space. Very clever!\nStroll over to the Church of Saint-Germain-des-Pr\u00e9s.\nA Chic Address to Call Home in Paris\nNestled in the heart of Paris’s elegant Saint-Germain-des-Pr\u00e9s neighborhood, rue du Dragon has an undeniable charm that makes it a delightful street to call home. Lined with picturesque cafes, boutiques and historic architecture, the atmosphere is both sophisticated and inviting. Step outside to find a perfect blend of cultural richness and modern convenience, with excellent shopping and landmarks like the Church of Saint-Germain-des-Pr\u00e9s, iconic cafes and the Seine just a leisurely stroll away.\nThe historic Le Bon March\u00e9 department store nearby. (Credit: Hannah Wilson)\nIn addition to being one of the best shopping neighborhoods in Paris, you’ll also be just around the corner from the gorgeous Le Bon March\u00e9 department store and its equally fabulous La Grande \u00c9picerie \u2013 the very best spot for gourmet food shopping in Paris.\nSpend time strolling through Luxembourg Gardens.\nAnother perk of rue du Dragon is that it’s very close to both the Seine and Luxembourg Gardens, which you’ll love for evening strolls or enjoying time outdoors right in the heart of Paris. Rue du Dragon encapsulates the quintessential Parisian experience, making it a highly sought-after address on the Left Bank.\nEnjoy coffee at ones of Paris’s most storied literary cafes.\nSaint-Germain-des-Pr\u00e9s has long been a haven for artists and literary luminaries, and its historic cafes stand as testament to this unique creative legacy. The iconic Les Deux Magots and Caf\u00e9 de Flore, both on Boulevard Saint-Germain just around the corner from rue du Dragon, were frequented by creative minds such as Pablo Picasso, Ernest Hemingway and Jean-Paul Sartre. The artistic spirit of the neighborhood is still very much alive. Grab a seat at one of the tables and you might just find yourself inspired by the beauty of Paris too!\nMake this beautiful space your home in Paris apartment for sale.\nThe Perfect Pied-\u00e0-terre in Paris\nAre you ready to call this charming Paris apartment home? Whether you’re planning to spend more time each year in Paris or are looking for a fine investment opportunity, this is an excellent chance right now that’s exclusively available to Paris Perfect guests. With such a dream location in the 6th arrondissement and all the historic charm, this apartment won’t be available for long. Contact us today at sales@parisperfect.com for more information and to plan a viewing of this very special Paris apartment for sale!\nThe post Paris Perfect Exclusive: Charming Apartment for Sale in Saint-Germain-des-Pr\u00e9s appeared first on Paris Perfect.", "date_published": "2024-01-23T04:51:33-05:00", "date_modified": "2024-01-23T04:51:33-05:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2023/12/paris-perfect-apartment-for-sale-Dragon-saint-germain.jpg", "tags": [ "6th arrondissement", "Buying an apartment in Paris", "buying apartments in paris", "buying paris apartment", "paris apartment buying", "paris apartment for sale", "Paris property market", "Paris property search", "pied a terre sale", "Saint Germain", "Buying an Apartment in Paris" ], "summary": "Dreaming of living in Paris? Here is a rare chance to buy a remarkable, move-in ready apartment on one of the most beautiful historic streets in the Saint-Germain neighborhood." }, { "id": "https://www.parisperfect.com/blog/?p=30207", "url": "https://www.parisperfect.com/blog/2023/12/paris-property-market-update-now-is-a-good-time-to-buy/", "title": "Paris Property Market Update: Now is a Good Time to Buy!", "content_html": "
\"Paris

Find out why now is the time to buy property in Paris! (credit)

\n

It’s been an exciting year for our Paris Property Search team as we’ve helped many happy clients find their dream home in Paris. We’ve also launched @ParisPerfectBuyers on Instagram where we share more tips and ideas for buying and investing in property in Paris. We hope you’ll join us there!

\n

We keep a very close watch on what’s happening in the Paris market, and we believe the Parisian housing price decline is very close to bottoming \u2013 if it hasn’t already reached its bottom. Paris apartment price have fallen 5.4% on average over the last 12 months. Many factors have driven this decline, the main one being lack of access to financing for French buyers due to rising interest rates and French banks greatly reducing lending. Right now, there’s an incredible window of opportunity to buy property in Paris and we don’t want you to miss it!

\n
\"\"

Above is a chart showing the price evolution of Paris apartments over 2023. The overall decline has been 5.4% in 2023. Importantly, Paris tends to be a stable, rising market \u2013 shown by the 19.7% overall increase in Paris apartment prices over the past 10 years.

\n

What has changed?

\n

The French financial authority (ACPR) have given a strong signal of market confidence by stating that they will return to a quarterly announcement of the maximum legal lending rate allowed for mortgages in France in January 2024. The ACPR was forced to change to a monthly announcement in January 2023 after repeatedly stalling the French lending markets by not increasing the maximum lending rate fast enough.

\n

\"Paris

\n

What does this mean?

\n

We are close to, if not already at, the maximum interest rate increase in Europe that was implemented to stop inflation. As mortgage interest rates stabilize, French banks will begin to open up lending again, allowing French buyers to get back in the game. This means that in 2024 Paris real estate prices should stabilize and slowly start to rise and French real estate transactions should start to increase. For anyone considering buying a Paris\u00a0apartment, this is a great time to jump into action and make your dream a reality.

\n

\"Paris

\n

Where to begin?

\n

Paris Perfect would love to help you fulfill your dream of owning your own pied-\u00e0-terre in Paris. With no MLS (multiple listing service) in France and over 3,500 independent agencies, it is extremely difficult to actually access what is available on the market. The best apartments can sell within minutes or hours. We know this from our many years of experience finding, remodeling and managing over 60 apartments for buyers. It is virtually impossible to find the perfect apartment unless someone is on the ground and can jump on the hottest listings immediately. That\u2019s where we come in! We formed our own property search services arm with experts we know and trust.\u00a0 We share some of our key buying tips here.

\n

\"\"

\n

Contact us at sales@parisperfect.com today to connect with Paris Perfect Buyers, our in-house Paris buyer\u2019s agent, French mortgage and insurance brokerage. Get in touch and we\u2019ll send you our two part Paris Property Guide \u2013 with tips, facts and details on how to make your dream of living in Paris come true. We\u2019re a friendly and helpful team of experts whose sole interest is helping each client find their perfect property fit in Paris.

\n

The post Paris Property Market Update: Now is a Good Time to Buy! appeared first on Paris Perfect.

\n", "content_text": "Find out why now is the time to buy property in Paris! (credit)\nIt’s been an exciting year for our Paris Property Search team as we’ve helped many happy clients find their dream home in Paris. We’ve also launched @ParisPerfectBuyers on Instagram where we share more tips and ideas for buying and investing in property in Paris. We hope you’ll join us there!\nWe keep a very close watch on what’s happening in the Paris market, and we believe the Parisian housing price decline is very close to bottoming \u2013 if it hasn’t already reached its bottom. Paris apartment price have fallen 5.4% on average over the last 12 months. Many factors have driven this decline, the main one being lack of access to financing for French buyers due to rising interest rates and French banks greatly reducing lending. Right now, there’s an incredible window of opportunity to buy property in Paris and we don’t want you to miss it!\nAbove is a chart showing the price evolution of Paris apartments over 2023. The overall decline has been 5.4% in 2023. Importantly, Paris tends to be a stable, rising market \u2013 shown by the 19.7% overall increase in Paris apartment prices over the past 10 years.\nWhat has changed?\nThe French financial authority (ACPR) have given a strong signal of market confidence by stating that they will return to a quarterly announcement of the maximum legal lending rate allowed for mortgages in France in January 2024. The ACPR was forced to change to a monthly announcement in January 2023 after repeatedly stalling the French lending markets by not increasing the maximum lending rate fast enough.\n\nWhat does this mean?\nWe are close to, if not already at, the maximum interest rate increase in Europe that was implemented to stop inflation. As mortgage interest rates stabilize, French banks will begin to open up lending again, allowing French buyers to get back in the game. This means that in 2024 Paris real estate prices should stabilize and slowly start to rise and French real estate transactions should start to increase. For anyone considering buying a Paris\u00a0apartment, this is a great time to jump into action and make your dream a reality.\n\nWhere to begin?\nParis Perfect would love to help you fulfill your dream of owning your own pied-\u00e0-terre in Paris. With no MLS (multiple listing service) in France and over 3,500 independent agencies, it is extremely difficult to actually access what is available on the market. The best apartments can sell within minutes or hours. We know this from our many years of experience finding, remodeling and managing over 60 apartments for buyers. It is virtually impossible to find the perfect apartment unless someone is on the ground and can jump on the hottest listings immediately. That\u2019s where we come in! We formed our own property search services arm with experts we know and trust.\u00a0 We share some of our key buying tips here.\n\nContact us at sales@parisperfect.com today to connect with Paris Perfect Buyers, our in-house Paris buyer\u2019s agent, French mortgage and insurance brokerage. Get in touch and we\u2019ll send you our two part Paris Property Guide \u2013 with tips, facts and details on how to make your dream of living in Paris come true. We\u2019re a friendly and helpful team of experts whose sole interest is helping each client find their perfect property fit in Paris.\nThe post Paris Property Market Update: Now is a Good Time to Buy! appeared first on Paris Perfect.", "date_published": "2023-12-20T06:49:00-05:00", "date_modified": "2024-09-13T10:36:25-04:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2023/12/paris-fiona-murray-_NHQYv9ok1E-unsplash.jpg", "tags": [ "Buying an apartment in Paris", "buying apartments in paris", "buying paris apartment", "paris apartment buying", "Paris property market", "Paris property search", "Buying an Apartment in Paris" ], "summary": "Find out why there's an incredible window of opportunity to buy property in Paris right now. If you're dreaming of calling Paris home, let us help you find the perfect home in the City of Light!" }, { "id": "https://www.parisperfect.com/blog/?p=30004", "url": "https://www.parisperfect.com/blog/2023/11/spectacular-paris-apartment-for-sale-in-the-marais/", "title": "Spectacular Paris Apartment for Sale in the Marais!", "content_html": "
\"Paris

Just imagine stepping into this gorgeous living room surrounded by windows and being home!

\n

While it’s easy to dream of living in Paris, when it comes to finding the perfect home in the City of Light, it can seem challenging to make those dreams come true. But it doesn’t have to be! Our team is always searching for the hidden gems of the Paris property market. Right now we have an exclusive scoop on an absolutely incredible 2-bedroom, 2.5-bathroom apartment for sale that feels like a garden hideaway in the Marais. Not only is it located in a historic h\u00f4tel particulier, but it’s also wonderfully bright and surrounded by views overlooking both a charming street and a lovely courtyard garden. This is an exclusive Paris Perfect opportunity – a rare off-market sale available just for our followers. For a limited time only!

\n

With an asking price of \u20ac2,390,000, it’s an incredible opportunity to buy a fully move-in ready, turnkey property in the heart of the Marais. Read on to find out more and then contact our team at sales@parisperfect.com for all of the details and to schedule an in person or virtual showing.

\n
\"How

So many incredible features in this historic Marais building!

\n

Highlights of the Property:

\n\n
\"Paris

Gorgeous light in the living room with windows on three sides.

\n

Elegance and Convenience

\n

Entering the living room of this gorgeous property feels like you’ve stepped into a garden hideaway. Large French windows on three sides means you’ll be surrounded by beautiful views of a picturesque garden courtyard and classic Parisian architecture along the little street below. With a prime location in one of Paris’s most sought-after neighborhoods, this apartment offers a perfect blend of serenity and city life.

\n
\"Paris

Charming city views and peaceful natural views – the best of both worlds in the Marais!

\n

We knew immediately that this location in the Marais couldn’t be better. A vibrant neighborhood full of historic charm, narrow streets, excellent shopping and dining makes this an appealing spot to call home. Another perk is the quiet setting right around the corner from the Boulevard Beaumarchais, one of the main streets through the Marais with bus and Metro stops nearby. Being near this boulevard also means that it\u2019s possible to easily access the apartment via taxi at any time, which is often not possible inside the Marais with weekend street closures and daily traffic.

\n
\"Paris

Relax in the elegant fully furnished living room with fireplace.

\n

The heart of the home is the beautiful living room that’s flooded with light from windows on three sides. A comfortable and inviting space in any season, just throw open the windows on warmer days for a cross breeze or enjoy a cozy spot by the fireplace on a winter’s evening. This apartment is being sold fully furnished with tasteful decor from Mis en Demeure, a French high-end brand known for its elegant and timeless style.

\n
\"Paris

Incredible historic elements highlighted in kitchen design.

\n

Two wide openings on either side of the fireplace lead from the living room to the kitchen with an island and dining table that’s the perfect sunny spot for breakfast or causal meals at home. The wooden beams add a delightful historic touch. Remodeled to the highest level, the modern kitchen is equipped with Gaggenau cooktop, two ovens, a full-size refrigerator, microwave, Miele dishwasher and everything you need from the moment you arrive. With large windows on both sides of the kitchen and sleek white cabinets, there’s a wonderful sense of space in this beautifully designed kitchen.

\n
\"Paris

Move-in ready kitchen with everything you need!

\n

If you enjoy entertaining and having a more formal dining space, this apartment also has a beautiful dining area near the entrance with a peaceful garden view. The exposed wood beams again capture the historic atmosphere of the Marais neighborhood right outside your front door!

\n
\"Paris

A lovely formal dining area overlooking peaceful courtyard.

\n

Luxurious Living Spaces

\n
\"Paris

Spacious master bedroom with double windows for sound.

\n

This Paris apartment has two lovely bedrooms, each with an en-suite bathroom, that offer comfort and privacy. The master bedroom includes a comfy queen-sized bed and an incredible amount of built-in storage.

\n
\"Marais

Large en suite bathroom in the master bedroom.

\n

The master bathroom features a walk-in shower and separate bathtub, which is wonderfully relaxing. We love how the beige tiles are luminescent and capture the light.

\n
\"remodeled

Gorgeous en suite bathroom with walk-in shower and separate bathtub.

\n

Just down the hallway you’ll find the second bedroom with a trundle bed that opens into two single beds.

\n
\"Paris

Second sunny bedroom with trundle bed and built-in bookshelves and desk.

\n

The second bedroom is very versatile as it features excellent built-in storage as well as a fold out desk making this a great spot for guests, a second full bedroom or even a work space if needed.

\n
\"\"

Second bedroom can double as an office.

\n

The en suite bathroom in the bedroom also includes lovely tiles and here you’ll find a shower and plenty of storage.

\n
\"\"

Second bedroom en suite bathroom with shower.

\n

There’s also an additional powder room, which is a rare feature in historic Paris apartments, as well as a laundry area with a separate washer and dryer. You’ll enjoy all the conveniences of home in this finely finished Paris apartment!

\n
\"Marais

Laundry area and bar area with wine refrigerator.

\n

History & Charm in the Heart of the Marais

\n
\"historic

Step into the historic entrance. Building includes an elevator too!

\n

A key element to spotting the perfect properties in Paris is finding buildings full of historic charm but that are well maintained and also feature an elevator. Stepping into the entrance of this gorgeous h\u00f4tel particulier ticked all the right boxes. The courtyard garden was just an added bonus!

\n
\"Marais

Peaceful garden courtyard entrance. An oasis in the heart of the Marais!

\n

The Marais is a true treasure trove in the heart of Paris, offering a blend of historic charm and modern energy that’s hard to match. This popular neighborhood is known for its cobblestone streets, architectural beauty and a rich cultural heritage. It’s a place where you can step out of your door and find yourself surrounded by quaint cafes, boutique shops and world-class museums.

\n
\"Place

Relax in Place des Vosges in the Marais.

\n

Stroll over to the historic Place des Vosges or spend time visiting top art spots in the city like the Picasso Museum nearby. Living in the Marais means being surrounded an enticing blend of Parisian history and a vibrant contemporary life. You’ll love finding your favorite restaurants in the neighborhood and shopping at markets alongside locals.

\n
\"Marais

Explore the charming Marais neighborhood – a beautiful place to call home!

\n

Don’t miss this opportunity to make your Parisian dream a reality. With a perfect blend of historic charm and modern comforts, this fully furnished Marais garden hideaway is your chance to enjoy the quintessential Parisian lifestyle without the hassles of apartment hunting, remodeling or design. Contact us today at sales@parisperfect.com to arrange a viewing and take the first step towards calling this magnificent apartment your new home in the City of Light!

\n

The post Spectacular Paris Apartment for Sale in the Marais! appeared first on Paris Perfect.

\n", "content_text": "Just imagine stepping into this gorgeous living room surrounded by windows and being home!\nWhile it’s easy to dream of living in Paris, when it comes to finding the perfect home in the City of Light, it can seem challenging to make those dreams come true. But it doesn’t have to be! Our team is always searching for the hidden gems of the Paris property market. Right now we have an exclusive scoop on an absolutely incredible 2-bedroom, 2.5-bathroom apartment for sale that feels like a garden hideaway in the Marais. Not only is it located in a historic h\u00f4tel particulier, but it’s also wonderfully bright and surrounded by views overlooking both a charming street and a lovely courtyard garden. This is an exclusive Paris Perfect opportunity – a rare off-market sale available just for our followers. For a limited time only!\nWith an asking price of \u20ac2,390,000, it’s an incredible opportunity to buy a fully move-in ready, turnkey property in the heart of the Marais. Read on to find out more and then contact our team at sales@parisperfect.com for all of the details and to schedule an in person or virtual showing.\nSo many incredible features in this historic Marais building!\nHighlights of the Property:\n\n2 bedrooms, each with en suite bathrooms, plus powder room.\nPrice: \u20ac2,390,000 (including furnishings).\n111 sq meters / 1,195 sq feet.\nLuxury remodel to highest standards – every detail is move-in ready!\nSet on the 3rd floor (4th floor American) with modern elevator. This is a rarity in the Marais area of Paris because most buildings cannot accommodate an elevator.\nHistoric building that is well maintained inside and out.\nWindows on three sides – perfect for summer cross breezes!\nFabulous 3rd arrondissement location in chic Marais neighborhood very near Mus\u00e9e Picasso, Place des Vosges and the March\u00e9 des Enfants Rouges, one of the oldest covered markets in Paris.\n\nGorgeous light in the living room with windows on three sides.\nElegance and Convenience\nEntering the living room of this gorgeous property feels like you’ve stepped into a garden hideaway. Large French windows on three sides means you’ll be surrounded by beautiful views of a picturesque garden courtyard and classic Parisian architecture along the little street below. With a prime location in one of Paris’s most sought-after neighborhoods, this apartment offers a perfect blend of serenity and city life.\nCharming city views and peaceful natural views – the best of both worlds in the Marais!\nWe knew immediately that this location in the Marais couldn’t be better. A vibrant neighborhood full of historic charm, narrow streets, excellent shopping and dining makes this an appealing spot to call home. Another perk is the quiet setting right around the corner from the Boulevard Beaumarchais, one of the main streets through the Marais with bus and Metro stops nearby. Being near this boulevard also means that it\u2019s possible to easily access the apartment via taxi at any time, which is often not possible inside the Marais with weekend street closures and daily traffic.\nRelax in the elegant fully furnished living room with fireplace.\nThe heart of the home is the beautiful living room that’s flooded with light from windows on three sides. A comfortable and inviting space in any season, just throw open the windows on warmer days for a cross breeze or enjoy a cozy spot by the fireplace on a winter’s evening. This apartment is being sold fully furnished with tasteful decor from Mis en Demeure, a French high-end brand known for its elegant and timeless style.\nIncredible historic elements highlighted in kitchen design.\nTwo wide openings on either side of the fireplace lead from the living room to the kitchen with an island and dining table that’s the perfect sunny spot for breakfast or causal meals at home. The wooden beams add a delightful historic touch. Remodeled to the highest level, the modern kitchen is equipped with Gaggenau cooktop, two ovens, a full-size refrigerator, microwave, Miele dishwasher and everything you need from the moment you arrive. With large windows on both sides of the kitchen and sleek white cabinets, there’s a wonderful sense of space in this beautifully designed kitchen.\nMove-in ready kitchen with everything you need!\nIf you enjoy entertaining and having a more formal dining space, this apartment also has a beautiful dining area near the entrance with a peaceful garden view. The exposed wood beams again capture the historic atmosphere of the Marais neighborhood right outside your front door!\nA lovely formal dining area overlooking peaceful courtyard.\nLuxurious Living Spaces\nSpacious master bedroom with double windows for sound.\nThis Paris apartment has two lovely bedrooms, each with an en-suite bathroom, that offer comfort and privacy. The master bedroom includes a comfy queen-sized bed and an incredible amount of built-in storage.\nLarge en suite bathroom in the master bedroom.\nThe master bathroom features a walk-in shower and separate bathtub, which is wonderfully relaxing. We love how the beige tiles are luminescent and capture the light.\nGorgeous en suite bathroom with walk-in shower and separate bathtub.\nJust down the hallway you’ll find the second bedroom with a trundle bed that opens into two single beds.\nSecond sunny bedroom with trundle bed and built-in bookshelves and desk.\nThe second bedroom is very versatile as it features excellent built-in storage as well as a fold out desk making this a great spot for guests, a second full bedroom or even a work space if needed.\nSecond bedroom can double as an office.\nThe en suite bathroom in the bedroom also includes lovely tiles and here you’ll find a shower and plenty of storage.\nSecond bedroom en suite bathroom with shower.\nThere’s also an additional powder room, which is a rare feature in historic Paris apartments, as well as a laundry area with a separate washer and dryer. You’ll enjoy all the conveniences of home in this finely finished Paris apartment!\nLaundry area and bar area with wine refrigerator.\nHistory & Charm in the Heart of the Marais\nStep into the historic entrance. Building includes an elevator too!\nA key element to spotting the perfect properties in Paris is finding buildings full of historic charm but that are well maintained and also feature an elevator. Stepping into the entrance of this gorgeous h\u00f4tel particulier ticked all the right boxes. The courtyard garden was just an added bonus!\nPeaceful garden courtyard entrance. An oasis in the heart of the Marais!\nThe Marais is a true treasure trove in the heart of Paris, offering a blend of historic charm and modern energy that’s hard to match. This popular neighborhood is known for its cobblestone streets, architectural beauty and a rich cultural heritage. It’s a place where you can step out of your door and find yourself surrounded by quaint cafes, boutique shops and world-class museums.\nRelax in Place des Vosges in the Marais.\nStroll over to the historic Place des Vosges or spend time visiting top art spots in the city like the Picasso Museum nearby. Living in the Marais means being surrounded an enticing blend of Parisian history and a vibrant contemporary life. You’ll love finding your favorite restaurants in the neighborhood and shopping at markets alongside locals.\nExplore the charming Marais neighborhood – a beautiful place to call home!\nDon’t miss this opportunity to make your Parisian dream a reality. With a perfect blend of historic charm and modern comforts, this fully furnished Marais garden hideaway is your chance to enjoy the quintessential Parisian lifestyle without the hassles of apartment hunting, remodeling or design. Contact us today at sales@parisperfect.com to arrange a viewing and take the first step towards calling this magnificent apartment your new home in the City of Light!\nThe post Spectacular Paris Apartment for Sale in the Marais! appeared first on Paris Perfect.", "date_published": "2023-11-02T12:18:03-04:00", "date_modified": "2023-11-02T12:18:03-04:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2023/10/paris-perfect-apartment-for-sale-marais-living-room.jpg", "tags": [ "Buying an apartment in Paris", "buying paris apartment", "Marais", "paris apartment buying", "paris apartment for sale", "Buying an Apartment in Paris" ], "summary": "Dreaming of calling Paris home? We are thrilled to share an exclusive opportunity to own a stunning apartment nestled in the heart of the chic Marais neighborhood. " }, { "id": "https://www.parisperfect.com/blog/?p=30081", "url": "https://www.parisperfect.com/blog/2023/10/paris-property-tax-increase-how-will-it-impact-you/", "title": "Paris Property Tax Increase: How Will It Impact You?", "content_html": "
\"Paris

Find out more about the upcoming Paris property tax increases. (credit)

\n

Celebrated for its rich culture, history and iconic landmarks, Paris attracts tourists and savvy investors from around the world. However, recent reports of property tax hikes in Paris have stirred a wave of inquiries, particularly concerning the estimated 62% year-over-year increase. How will this impact property owners and investors eyeing the Paris real estate market? Let\u2019s find out!

\n

Understanding Paris Property Tax Changes

\n

In recent years, Paris has seen only a moderate increase in property taxes. That means this significant change in tax rates has raised concerns among property owners, both residents and investors alike. It’s crucial to understand the reasons behind this increase and how it compares to the broader context of property taxes in other global cities. In Paris, there are two key property taxes that owners should be aware of:

\n\n

Understanding these property taxes is vital for property owners in Paris, allowing them to make informed financial decisions regarding their real estate investments.

\n
\"Buying

Find your dream home in Paris! (credit)

\n

Property Tax Increases in Paris

\n

What do these changes mean for you? Paris property tax is increasing by a total of 62.7% from 2022, including a local increase of 51.9% and a national increase of 7.1%. This adjustment is driven by economic factors, including rising living costs, increased energy bills and ongoing global political conflicts. The tax increase is expected to generate approximately \u20ac800 million in new revenue for the government and represents the first tax hike since 2011.

\n

However, it\u2019s important to keep in mind that despite the tax increase, Paris maintains its reputation for having relatively low property taxes when compared to other major cities worldwide. For instance, property tax rates in Paris were approximately 2.4% of the property’s assessed value, a number that still pales in comparison to cities like New York, where the rate hovers around 4.0%.

\n

\"\"

\n

What does this mean for you?

\n

While it\u2019s important to understand the changes in property taxes in Paris, we don\u2019t think this should stop you from pursuing your dream to own a home in Paris. Placing this increase in the broader context of global property tax rates and considering the enduring charm of Paris as a popular travel destination, the market is still extremely appealing.

\n

Read our latest updates on the Paris Property Market and insider tips on buying an apartment in Paris. Follow us on Instagram @ParisPerfectBuyers for more expert advice for finding your dream apartment in Paris!

\n

If you have any questions about the Paris real estate market or investing in property in Paris, read more about our Property Search Services and contact our team at sales@parisperfect.com.

\n

The post Paris Property Tax Increase: How Will It Impact You? appeared first on Paris Perfect.

\n", "content_text": "Find out more about the upcoming Paris property tax increases. (credit)\nCelebrated for its rich culture, history and iconic landmarks, Paris attracts tourists and savvy investors from around the world. However, recent reports of property tax hikes in Paris have stirred a wave of inquiries, particularly concerning the estimated 62% year-over-year increase. How will this impact property owners and investors eyeing the Paris real estate market? Let\u2019s find out!\nUnderstanding Paris Property Tax Changes\nIn recent years, Paris has seen only a moderate increase in property taxes. That means this significant change in tax rates has raised concerns among property owners, both residents and investors alike. It’s crucial to understand the reasons behind this increase and how it compares to the broader context of property taxes in other global cities. In Paris, there are two key property taxes that owners should be aware of:\n\nTaxe Fonci\u00e8re (Property Tax): This tax applies to all properties in France, whether primary or secondary residences. It’s calculated based on the property’s potential rental income, and this year it is this tax that is increasing.\nTaxe d’Habitation (Residency Tax): This tax is no longer applicable to primary residences but still applies to second homes. This change is particularly important for foreign residents who own second homes in Paris. You can read more about the residential tax on second homes here.\n\nUnderstanding these property taxes is vital for property owners in Paris, allowing them to make informed financial decisions regarding their real estate investments.\nFind your dream home in Paris! (credit)\nProperty Tax Increases in Paris\nWhat do these changes mean for you? Paris property tax is increasing by a total of 62.7% from 2022, including a local increase of 51.9% and a national increase of 7.1%. This adjustment is driven by economic factors, including rising living costs, increased energy bills and ongoing global political conflicts. The tax increase is expected to generate approximately \u20ac800 million in new revenue for the government and represents the first tax hike since 2011.\nHowever, it\u2019s important to keep in mind that despite the tax increase, Paris maintains its reputation for having relatively low property taxes when compared to other major cities worldwide. For instance, property tax rates in Paris were approximately 2.4% of the property’s assessed value, a number that still pales in comparison to cities like New York, where the rate hovers around 4.0%.\n\nWhat does this mean for you?\nWhile it\u2019s important to understand the changes in property taxes in Paris, we don\u2019t think this should stop you from pursuing your dream to own a home in Paris. Placing this increase in the broader context of global property tax rates and considering the enduring charm of Paris as a popular travel destination, the market is still extremely appealing.\nRead our latest updates on the Paris Property Market and insider tips on buying an apartment in Paris. Follow us on Instagram @ParisPerfectBuyers for more expert advice for finding your dream apartment in Paris!\nIf you have any questions about the Paris real estate market or investing in property in Paris, read more about our Property Search Services and contact our team at sales@parisperfect.com.\nThe post Paris Property Tax Increase: How Will It Impact You? appeared first on Paris Perfect.", "date_published": "2023-10-27T05:36:18-04:00", "date_modified": "2023-10-27T05:36:18-04:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2023/10/paris-property-tax-isaiah-b-Fc7hOSm1LhI-unsplash.jpg", "tags": [ "Buying an apartment in Paris", "buying apartments in paris", "buying paris apartment", "paris apartment buying", "Paris property taxes", "Buying an Apartment in Paris" ], "summary": "Dream of owning a home in Paris? Find out more about the upcoming Paris property tax increases and how that will impact property owners and investors." }, { "id": "https://www.parisperfect.com/blog/?p=29904", "url": "https://www.parisperfect.com/blog/2023/07/paris-property-market-update-latest-news-for-summer-2023/", "title": "Paris Property Update Summer 2023: Sales Slowing Down but Prime Properties Still in Demand", "content_html": "
\"Close

A Parisian balcony makes all the difference! Enjoy this view at our Viognier apartment rental.

\n

Thinking of buying an apartment in Paris? If you’re wondering about the ins and outs about purchasing an apartment and how to determine when is the right time to buy, check out our latest posts on Buying an Apartment in Paris or visit our detailed guide on investing in property in Paris. Our team keeps a close eye on the Paris property market, which has included many changes over recent years. Read on to find out more!

\n

Updates in the Paris property market

\n

A new focus for Paris property buyers is the importance of energy performance. With the new climate friendly regulations in play, properties with a rating of EPD of G or lower will be prohibited for rental in 2025, while ratings of F or lower will be prohibited in 2028. This could affect the possibility to obtain a French mortgage for poorly rated properties in coming years. Not to worry, if the apartment of your dreams has a low energy performance rating, you can easily increase it by installing double-pane windows throughout and optimizing your heating system. For example, you easily can install thermostatically controlled radiator valves.

\n

Our buyer\u2019s agent service can advise you about any possible concerns about an apartment and help you find the best way forward and obtain quotes from our trusted renovation partners to allow you to properly estimate the total cost of purchase before you decide to buy.

\n
\"Paris

A Paris building with charm and balconies. (credit)

\n

Why we still love balconies

\n

A balcony in Paris is always a good idea and data shows it makes financial sense. From May 2020 to May 2023, the presence of a balcony or terrace in Paris has increased the overall value of a Paris apartment by 8.2% on average.* Due to the scarcity and competition for Parisian balconies, these apartments will be much better valued and increase in value faster over time compared to apartments without outside space.

\n

This is why using a buyer\u2019s agent in Paris is critical. Paris Perfect has the network and expertise to rise above the competition to find and secure your perfect premium Parisian home. We will always give you our honest opinion on the value, potential and appropriate price.

\n
\"Paris

Paris property prices have dropped 2.6%. (Source: Notaires de Paris)

\n

Real estate prices in Paris

\n

As of May 2023, the volume of apartment sales in Paris is down 24% and the average real estate price per M2 is down 2.6% from one year ago.** This is driven by the sharp increase in French mortgage rates combined with higher inflation that has led to lower household purchasing power in 2023.

\n
\"Paris

The latest updates on Paris property rates. (credit)

\n

In recent years,\u00a0prime Parisian apartments have\u00a0sold immediately at asking price; no negotiations possible. However, this has changed slightly. On average, currently only one in three apartments\u00a0now sell\u00a0at list price, compared to one in two in 2020.\u00a0This also means that sellers are more realistic in terms of the price, contributing to the 2% year over year decline.\u00a0As mentioned in our previous blog article, this is excellent news \u2013 but do\u00a0NOT\u00a0expect big discounts on the best properties. The average discount off list price for Paris is -3.3%.\u00a0With 20 years of following the market, we predict that premium apartments will never be lower than -3-5% of list price no matter what economic shocks occur.

\n
\"\"

Determining the right time to buy an apartment in Paris. (credit)

\n

Should I buy now or wait?

\n

With a slower overall real estate market in France and globally, and the possibility to negotiate on price and French mortgage rates still well below the US, it\u2019s definitely a good time to buy your dream Parisian home now.

\n

Our French mortgage team predicts that interest rates should continue to rise until the end of the year to reach around 4.5% for residents, 5.5% for non residents.

\n
\"\"

Our local connections helped our buyer score this excellent Paris apartment!

\n

Recent Example: The benefits of a good buyer’s agent

\n

We found a fabulous apartment for a client three weeks ago. As ever, it was thanks to our hidden network of concierges and neighbors. The concierge of a favorite building told us an elderly owner of 97 years old had passed away and the children were getting ready to list the apartment for sale. She gave us the name of the daughter, who we contacted immediately. We viewed the apartment one hour later; daughter gave us the price the family wanted. We put in a full price offer, contacted our notaire immediately to confirm it \u2013 and called our clients just as they were waking up in New York! We knew there was no time for them to fly over and view it and on seeing the photos they agreed.

\n
\"\"

Apartment even included a lovely balcony!

\n

Unfortunately, the family had spoken with an agent earlier that week.\u00a0The agent heard the sellers had a buyer and rushed to send an email to their buyer\u2019s list immediately. Several buyers presented themselves immediately.\u00a0And one offer almost killed the purchase for our client.\u00a0The notaires had not had a chance to confirm acceptance in writing; new buyer offered \u20ac100,000 more and included their financial statement to prove purchasing power. How could we save the purchase? We contacted the daughter, sent our buyers\u2019 financial summary and promised the quickest possible closing with an offer of \u20ac75,000 more. The quick closure won out because they had estate taxes to settle. We won the apartment for the buyer. And even \u20ac75,000 more was an excellent price.

\n

If you’re searching for an apartment to buy in Paris or are ready to start the process, contact our team at sales@parisperfect.com to find out more!

\n

 

\n

Sources:
\n*Meilleurs Agents
\n**Notaires de Paris

\n

The post Paris Property Update Summer 2023: Sales Slowing Down but Prime Properties Still in Demand appeared first on Paris Perfect.

\n", "content_text": "A Parisian balcony makes all the difference! Enjoy this view at our Viognier apartment rental.\nThinking of buying an apartment in Paris? If you’re wondering about the ins and outs about purchasing an apartment and how to determine when is the right time to buy, check out our latest posts on Buying an Apartment in Paris or visit our detailed guide on investing in property in Paris. Our team keeps a close eye on the Paris property market, which has included many changes over recent years. Read on to find out more!\nUpdates in the Paris property market\nA new focus for Paris property buyers is the importance of energy performance. With the new climate friendly regulations in play, properties with a rating of EPD of G or lower will be prohibited for rental in 2025, while ratings of F or lower will be prohibited in 2028. This could affect the possibility to obtain a French mortgage for poorly rated properties in coming years. Not to worry, if the apartment of your dreams has a low energy performance rating, you can easily increase it by installing double-pane windows throughout and optimizing your heating system. For example, you easily can install thermostatically controlled radiator valves.\nOur buyer\u2019s agent service can advise you about any possible concerns about an apartment and help you find the best way forward and obtain quotes from our trusted renovation partners to allow you to properly estimate the total cost of purchase before you decide to buy.\nA Paris building with charm and balconies. (credit)\nWhy we still love balconies\nA balcony in Paris is always a good idea and data shows it makes financial sense. From May 2020 to May 2023, the presence of a balcony or terrace in Paris has increased the overall value of a Paris apartment by 8.2% on average.* Due to the scarcity and competition for Parisian balconies, these apartments will be much better valued and increase in value faster over time compared to apartments without outside space.\nThis is why using a buyer\u2019s agent in Paris is critical. Paris Perfect has the network and expertise to rise above the competition to find and secure your perfect premium Parisian home. We will always give you our honest opinion on the value, potential and appropriate price.\nParis property prices have dropped 2.6%. (Source: Notaires de Paris)\nReal estate prices in Paris\nAs of May 2023, the volume of apartment sales in Paris is down 24% and the average real estate price per M2 is down 2.6% from one year ago.** This is driven by the sharp increase in French mortgage rates combined with higher inflation that has led to lower household purchasing power in 2023.\nThe latest updates on Paris property rates. (credit)\nIn recent years,\u00a0prime Parisian apartments have\u00a0sold immediately at asking price; no negotiations possible. However, this has changed slightly. On average, currently only one in three apartments\u00a0now sell\u00a0at list price, compared to one in two in 2020.\u00a0This also means that sellers are more realistic in terms of the price, contributing to the 2% year over year decline.\u00a0As mentioned in our previous blog article, this is excellent news \u2013 but do\u00a0NOT\u00a0expect big discounts on the best properties. The average discount off list price for Paris is -3.3%.\u00a0With 20 years of following the market, we predict that premium apartments will never be lower than -3-5% of list price no matter what economic shocks occur.\nDetermining the right time to buy an apartment in Paris. (credit)\nShould I buy now or wait?\nWith a slower overall real estate market in France and globally, and the possibility to negotiate on price and French mortgage rates still well below the US, it\u2019s definitely a good time to buy your dream Parisian home now.\nOur French mortgage team predicts that interest rates should continue to rise until the end of the year to reach around 4.5% for residents, 5.5% for non residents.\nOur local connections helped our buyer score this excellent Paris apartment!\nRecent Example: The benefits of a good buyer’s agent\nWe found a fabulous apartment for a client three weeks ago. As ever, it was thanks to our hidden network of concierges and neighbors. The concierge of a favorite building told us an elderly owner of 97 years old had passed away and the children were getting ready to list the apartment for sale. She gave us the name of the daughter, who we contacted immediately. We viewed the apartment one hour later; daughter gave us the price the family wanted. We put in a full price offer, contacted our notaire immediately to confirm it \u2013 and called our clients just as they were waking up in New York! We knew there was no time for them to fly over and view it and on seeing the photos they agreed.\nApartment even included a lovely balcony!\nUnfortunately, the family had spoken with an agent earlier that week.\u00a0The agent heard the sellers had a buyer and rushed to send an email to their buyer\u2019s list immediately. Several buyers presented themselves immediately.\u00a0And one offer almost killed the purchase for our client.\u00a0The notaires had not had a chance to confirm acceptance in writing; new buyer offered \u20ac100,000 more and included their financial statement to prove purchasing power. How could we save the purchase? We contacted the daughter, sent our buyers\u2019 financial summary and promised the quickest possible closing with an offer of \u20ac75,000 more. The quick closure won out because they had estate taxes to settle. We won the apartment for the buyer. And even \u20ac75,000 more was an excellent price.\nIf you’re searching for an apartment to buy in Paris or are ready to start the process, contact our team at sales@parisperfect.com to find out more!\n \nSources:\n*Meilleurs Agents\n**Notaires de Paris\nThe post Paris Property Update Summer 2023: Sales Slowing Down but Prime Properties Still in Demand appeared first on Paris Perfect.", "date_published": "2023-07-31T16:28:54-04:00", "date_modified": "2023-08-02T22:57:56-04:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2017/11/viognier-new-view.jpg", "tags": [ "Buying an apartment in Paris", "paris apartment buying", "Paris property market", "Paris property search", "Buying an Apartment in Paris" ], "summary": "Thinking of buying an apartment in Paris? Our team keeps a close eye on the Paris property market. Read on to find out the latest updates!" }, { "id": "https://www.parisperfect.com/blog/?p=29867", "url": "https://www.parisperfect.com/blog/2023/06/paris-property-market-update-paris-is-on-sale/", "title": "Paris Property Market Update: Paris is On Sale!", "content_html": "
\"Paris

Find out why now is a good time to buy that dream apartment in Paris! (credit)

\n

The City of Light has a timeless charm and that’s just one of the many aspects that makes property in Paris a solid investment. We’re passionate about finding the very best Paris apartments, and earlier this spring we shared our insight on the 2023 Paris real estate market. Investing in an apartment in Paris has always been an enticing prospect, and now\u2014more than ever\u2014it presents a remarkable opportunity for prospective buyers.

\n

While France has long enjoyed lower interest rates compared to other countries, the recent increase in mortgage rates has led to a significant credit crunch. This development has caused banks to halt lending until rates stabilize, particularly affecting mid to lower-range buyers and creating a housing crisis. As a result, apartment prices in peripheral areas have experienced a decline of approximately 5-10%.

\n

\"buying

\n

However, amidst this challenging scenario, there is good news for potential buyers, especially those looking for prime properties. Until recently, top-end buyers had not experienced the same downward pressure on prices. However, in the past few weeks, our team has successfully negotiated lower than list price bids on prime apartments. This trend is expected to continue over the next several months, with prices potentially dropping by around 5%, but not exceeding a 10% decrease.

\n

As we’ve seen in previous economic downturns, Parisian sellers tend to hold onto their apartments rather than accepting significant price cuts. However, there are always some sellers who cannot afford to wait, and for our buyers, this presents a unique opportunity. And that’s where our team is essential! We can help you find those perfect properties and take advantage of this unique buying moment.

\n

\"\"

\n

Furthermore, even in the current lending climate, banks are still offering loans to non-resident buyers. This accessibility to financing enhances the chances for international investors to become homeowners in the magnificent city of Paris.

\n

If you have ever dreamed of owning an apartment in Paris, now is the time to act. The combination of declining prices, the potential for negotiating favorable deals on prime properties, and the availability of financing for non-resident buyers makes this an opportune moment to make your dream a reality. Find our more about our Property Search Services and don’t hesitate to contact us today at Sales@ParisPerfect.com to explore how you can become a proud Parisian homeowner!

\n

The post Paris Property Market Update: Paris is On Sale! appeared first on Paris Perfect.

\n", "content_text": "Find out why now is a good time to buy that dream apartment in Paris! (credit)\nThe City of Light has a timeless charm and that’s just one of the many aspects that makes property in Paris a solid investment. We’re passionate about finding the very best Paris apartments, and earlier this spring we shared our insight on the 2023 Paris real estate market. Investing in an apartment in Paris has always been an enticing prospect, and now\u2014more than ever\u2014it presents a remarkable opportunity for prospective buyers.\nWhile France has long enjoyed lower interest rates compared to other countries, the recent increase in mortgage rates has led to a significant credit crunch. This development has caused banks to halt lending until rates stabilize, particularly affecting mid to lower-range buyers and creating a housing crisis. As a result, apartment prices in peripheral areas have experienced a decline of approximately 5-10%.\n\nHowever, amidst this challenging scenario, there is good news for potential buyers, especially those looking for prime properties. Until recently, top-end buyers had not experienced the same downward pressure on prices. However, in the past few weeks, our team has successfully negotiated lower than list price bids on prime apartments. This trend is expected to continue over the next several months, with prices potentially dropping by around 5%, but not exceeding a 10% decrease.\nAs we’ve seen in previous economic downturns, Parisian sellers tend to hold onto their apartments rather than accepting significant price cuts. However, there are always some sellers who cannot afford to wait, and for our buyers, this presents a unique opportunity. And that’s where our team is essential! We can help you find those perfect properties and take advantage of this unique buying moment.\n\nFurthermore, even in the current lending climate, banks are still offering loans to non-resident buyers. This accessibility to financing enhances the chances for international investors to become homeowners in the magnificent city of Paris.\nIf you have ever dreamed of owning an apartment in Paris, now is the time to act. The combination of declining prices, the potential for negotiating favorable deals on prime properties, and the availability of financing for non-resident buyers makes this an opportune moment to make your dream a reality. Find our more about our Property Search Services and don’t hesitate to contact us today at Sales@ParisPerfect.com to explore how you can become a proud Parisian homeowner!\nThe post Paris Property Market Update: Paris is On Sale! appeared first on Paris Perfect.", "date_published": "2023-06-23T10:16:59-04:00", "date_modified": "2023-06-23T10:16:59-04:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2023/06/paris-property-search-margarida-louro-nTSghtWYQF0-unsplash.jpg", "tags": [ "Buying an apartment in Paris", "buying paris apartment", "paris apartment buying", "Paris property search", "Buying an Apartment in Paris" ], "summary": "The City of Light has a timeless charm and that's just one of the many aspects that makes property in Paris a solid investment. Find out why now is a great time to buy!" }, { "id": "https://www.parisperfect.com/blog/?p=29621", "url": "https://www.parisperfect.com/blog/2023/04/introducing-beaux-reves-a-stunning-move-in-ready-apartment-for-sale-in-paris/", "title": "Introducing Beaux R\u00eaves \u2013 A Stunning Move-in Ready Apartment for Sale in Paris!", "content_html": "

\"one

\n

Every once in a while a property so perfect comes along that we know we have to transform it into a dream apartment for sale in Paris. We gather our trusted team of builders and designers and create a stylish and beautifully finished Parisian home. That\u2019s exactly what happened with Beaux R\u00eaves, a gorgeous one bedroom, two bathroom apartment in one of the loveliest spots in Paris. Just look at that Eiffel Tower view! If you\u2019ve been dreaming of owning a home in Paris but don\u2019t want the hassle, problems and cost of remodeling or decorating, this is the perfect property for you. We can’t emphasize enough how rare it is to find an apartment that is completely renovated and decorated to this extremely high standard. So much thought has gone into it and every single detail is move-in ready \u2013 down to the espresso cups. It is completely ready for you to enjoy Parisian living!

\n

A property as special and finely finished as this won\u2019t be on the market long. And with the US Dollar is at an almost 20 year high against the Euro, now is a particularly good time to invest in a Paris apartment. Enjoy the photos and information below and contact us at sales@parisperfect.com if you’re interested in finding out more.

\n
\"Paris

Sunlight streams into the impeccably decorated living room of Beaux R\u00eaves.

\n

Fully Furnished Apartment for Sale with Sumptuous Elegance & Eiffel Views

\n

We knew Beaux R\u00eaves was a dream from the first moment we saw the superb setting along an elegant tree-lined avenue in the 7th arrondissement. The location was key: just two blocks from the rue Cler market street and excellent open-air markets, near our favorite boulangeries, cheese and chocolate shops as well as fabulous bistros and restaurants that locals rave about, which is the best sign of a great place to eat in Paris. With the Champ de Mars garden and tons of transportation connections right at your doorstep, it\u2019s truly a perfect location. The Haussmannian building is full of charm and includes an elevator \u2013 a must! This is because the Beaux R\u00eaves is located on the most coveted of all floors in historic Parisian buildings: the fifth floor. This is where you\u2019ll traditionally find a balcony, and the one at Beaux R\u00eaves is an absolute stunner!

\n
\"Paris

Start your day with breakfast on the balcony with this view!

\n

It\u2019s the longest balcony we\u2019ve ever seen and the magnificent view of the Eiffel Tower is why we named this apartment Beaux R\u00eaves, meaning beautiful dreams. There\u2019s also a lovely view of the \u00c9cole militaire\u2014Napoleon\u2019s military school\u2014and the pretty tree-lined street below. You\u2019ll enjoy the Parisian views from the cute bistro table on the balcony. A Parisian dream come true!

\n
\"apartment

Relax at home in Paris in this beautiful move-in ready apartment.

\n

When you step inside Beaux R\u00eaves, you\u2019ll see that every element is a dream as well. We\u2019ve completely remodeled it to perfection to create a spacious one bedroom, two bathroom apartment with a separate living room that has two French doors leading to the balcony. Measuring 560 square feet (52 square meters) plus the long balcony, this apartment has an excellent layout. The elegant entryway opens to a central hallway and to the left you\u2019ll find the living room with two entrances to the separate kitchen and dining area \u2013 both with beautiful light and large French doors to the balcony.

\n
\"one

Stylish living room blends contemporary design with antique touches.

\n

Already beautifully decorated and ready to welcome you home, with Beaux R\u00eaves you can skip out on the hassles, cost and stress of renovating and decorating an apartment. Every detail has been carefully thought out, including a rare two bathrooms and two toilets \u2013 almost non existent. The d\u00e9cor has been hand picked with a mix of contemporary furniture and gorgeous antique touches such as the chandeliers, statement mirrors, original Impressionist paintings and marble fireplaces. You’ll find our statement Herm\u00e8s scarf framed above the living room sofa that echoes the room’s beautiful design, just one of the inspired touches.

\n
\"furnished

Every detail has been carefully selected to create a harmonious home.

\n

The artwork is a very special touch throughout the apartment. Many are Impressionist paintings by the master Maurice Fallies and others are contemporary. All of the pieces are original watercolors and paintings, each one beautifully framed and telling a unique story of Paris.

\n

Dining at Home \u2013 Parisian Style!

\n
\"Paris

Gorgeous kitchen with dining area.

\n

Just beyond the living room, Beaux R\u00eaves has a spacious kitchen and dining room with a large French door that opens to the balcony. We love how there are two entrances connecting the living room and kitchen to create a better flow between the spaces while also separating them.

\n
\"renovated

Two entrances to the living room on either side of the dining table.

\n

 

\n
\"Paris

So much storage in this beautiful kitchen.

\n

The sleek kitchen features soft powder blue lower cabinets and white upper cabinets. We’ve installed the highest quality appliances including refrigerator/freezer, microwave/convection oven, induction burners. Plus the design isn’t just beautiful. There’s plenty of counter space and storage to store your toaster and other appliances tucked away.

\n
\"furnished

A closer look at the incredible detail on the antique mirror in the kitchen.

\n

An antique marble mantle and gorgeous mirror create an elegant atmosphere that’s even more appealing after dark as the chandelier light is reflected in the mirror. Every space in Beaux R\u00eaves is a place of beauty and each detail has been carefully selected to create an elegant home in Paris.

\n
\"Paris

Cook at home in Paris in this dream kitchen!

\n

With some of the best open-air markets in Paris nearby and the incredible rue Cler market street only two blocks away, you’ll find everything you need for cooking and enjoying French favorites at home. Plus, just imagine stepping out onto your own balcony to watch the Eiffel Tower sparkle at night!

\n

Your Own Perfect Bedroom in Paris

\n
\"one

Sweet dreams in the Beaux R\u00eaves bedroom!

\n

Just across the central hallway is a gorgeous bedroom that has been beautifully remodeled and decorated. The large window fills the room with light and it’s located on inner courtyard for quiet. Find the best quality extra wide queen bed from the French supplier to the top luxury hotels in Paris. And thinking of everything, there\u2019s extra storage underneath thanks to the hydraulic lift operated container bed.

\n
\"Paris

Look at all the light in the bedroom!

\n

The lovely wallpaper adds a soft touch that’s perfectly complemented by the built-in closets with traditional molding and mirrors. With the beautiful wardrobes and the large space under the bed, you’ll have plenty of storage in this apartment. In every room of Beaux R\u00eaves we’ve thought of all the little touches like USB ports next to bed on both sides along with plugs. You’ll feel right at home!

\n
\"Paris

Rest easy without the hassles and stress of renovating an apartment in Paris!

\n

Designing a Stylish and Functional Modern Apartment for Sale in Paris

\n
\"buying

Make a toast to Parisian living in your new home!

\n

When it comes to living in Paris, we know you need a space that captures all the allure and romance of Paris while also being functional and comfortable for modern living. That included a dedicated space for working at home or keeping in touch with family and friends. You’ll find the perfect spot for making those Zoom calls or catching up on emails located just off the central hallway.

\n
\"working

Apartment includes a place to work from home in Paris!

\n

During the renovation, we were able to create two full bathrooms and included a comfortable sofa bed in the living room so you can easily welcome family and friends who want to enjoy your marvelous Eiffel Tower views and home. The Italian designed sofa converts easily to single beds as needed. Your Paris-loving guests will thank you!

\n
\"Paris

Gorgeous details in the shower room.

\n

The Beaux R\u00eaves includes two bathrooms: directly next to the bedroom is a bathroom with large shower and sink. On the right after entering the apartment is a separate powder room with beautiful tiled details. Just past the powder room, you’ll find a room with the desk area, a full washer and dryer and beyond that the second bathroom with shower, sink and second toilet \u2013 a rarity in Paris!

\n
\"fully

Second full bathroom with glass enclosed shower, toilet, large sink and lovely light.

\n

 

\n
\"buying

Black and white tiles add a modern touch to the second bathroom.

\n

 

\n
\"\"

Stylish powder room with sink (left) and striking geometric floor tiles (right).

\n

We can’t get over how every detail of this apartment comes together to create a bright, welcoming and stunning home in Paris. We know you’ll fall in love with it too!

\n
\"Paris

Shop along rue Cler only two blocks away!

\n

Beaux R\u00eaves has a dream location in the 7th arrondissement, an elegant and highly sought after neighborhood that’s noted for its excellent quality of life. With open-air markets nearby and the fabulous open-air market street rue Cler only two blocks away, you’ll love shopping for the freshest produce. You’ll be spoiled with so many fine cheese shops, butchers, bakeries and, of course, many supermarkets right at your doorstep. And when you aren’t cooking at home in your beautiful kitchen, there are some of the city’s top restaurants as well as charming caf\u00e9s nearby.

\n
\"Paris

Enjoy excellent restaurants and caf\u00e9s in the 7th arrondissement.

\n

Whether you’re starting the day with coffee on your balcony with a view of the Eiffel Tower or perhaps taking a morning run through the Champ de Mars gardens or along the Seine, the Beaux R\u00eaves is the perfect setting for enjoying the finest of Parisian living every day.

\n

Call the Beaux R\u00eaves Home

\n

\"Paris

\n

Are you ready to make your beautiful dream of living in Paris come true at Beaux R\u00eaves? Fully remodeled and designed apartments are a rare find in Paris and we know the lucky buyer will enjoy every part of it. Contact our team at sales@parisperfect.com for all of the details and to schedule an in personal or virtual showing. Don\u2019t miss this rare chance to call the truly perfect Beaux R\u00eaves apartment your home in Paris!

\n

If you love the idea of living in Paris and want to find out more, check out Paris Perfect Shared fractional co-ownership and read our 10 Best Tips for Buying an Apartment in Paris.

\n

The post Introducing Beaux R\u00eaves \u2013 A Stunning Move-in Ready Apartment for Sale in Paris! appeared first on Paris Perfect.

\n", "content_text": "Every once in a while a property so perfect comes along that we know we have to transform it into a dream apartment for sale in Paris. We gather our trusted team of builders and designers and create a stylish and beautifully finished Parisian home. That\u2019s exactly what happened with Beaux R\u00eaves, a gorgeous one bedroom, two bathroom apartment in one of the loveliest spots in Paris. Just look at that Eiffel Tower view! If you\u2019ve been dreaming of owning a home in Paris but don\u2019t want the hassle, problems and cost of remodeling or decorating, this is the perfect property for you. We can’t emphasize enough how rare it is to find an apartment that is completely renovated and decorated to this extremely high standard. So much thought has gone into it and every single detail is move-in ready \u2013 down to the espresso cups. It is completely ready for you to enjoy Parisian living!\nA property as special and finely finished as this won\u2019t be on the market long. And with the US Dollar is at an almost 20 year high against the Euro, now is a particularly good time to invest in a Paris apartment. Enjoy the photos and information below and contact us at sales@parisperfect.com if you’re interested in finding out more.\nSunlight streams into the impeccably decorated living room of Beaux R\u00eaves.\nFully Furnished Apartment for Sale with Sumptuous Elegance & Eiffel Views\nWe knew Beaux R\u00eaves was a dream from the first moment we saw the superb setting along an elegant tree-lined avenue in the 7th arrondissement. The location was key: just two blocks from the rue Cler market street and excellent open-air markets, near our favorite boulangeries, cheese and chocolate shops as well as fabulous bistros and restaurants that locals rave about, which is the best sign of a great place to eat in Paris. With the Champ de Mars garden and tons of transportation connections right at your doorstep, it\u2019s truly a perfect location. The Haussmannian building is full of charm and includes an elevator \u2013 a must! This is because the Beaux R\u00eaves is located on the most coveted of all floors in historic Parisian buildings: the fifth floor. This is where you\u2019ll traditionally find a balcony, and the one at Beaux R\u00eaves is an absolute stunner!\nStart your day with breakfast on the balcony with this view!\nIt\u2019s the longest balcony we\u2019ve ever seen and the magnificent view of the Eiffel Tower is why we named this apartment Beaux R\u00eaves, meaning beautiful dreams. There\u2019s also a lovely view of the \u00c9cole militaire\u2014Napoleon\u2019s military school\u2014and the pretty tree-lined street below. You\u2019ll enjoy the Parisian views from the cute bistro table on the balcony. A Parisian dream come true!\nRelax at home in Paris in this beautiful move-in ready apartment.\nWhen you step inside Beaux R\u00eaves, you\u2019ll see that every element is a dream as well. We\u2019ve completely remodeled it to perfection to create a spacious one bedroom, two bathroom apartment with a separate living room that has two French doors leading to the balcony. Measuring 560 square feet (52 square meters) plus the long balcony, this apartment has an excellent layout. The elegant entryway opens to a central hallway and to the left you\u2019ll find the living room with two entrances to the separate kitchen and dining area \u2013 both with beautiful light and large French doors to the balcony.\nStylish living room blends contemporary design with antique touches.\nAlready beautifully decorated and ready to welcome you home, with Beaux R\u00eaves you can skip out on the hassles, cost and stress of renovating and decorating an apartment. Every detail has been carefully thought out, including a rare two bathrooms and two toilets \u2013 almost non existent. The d\u00e9cor has been hand picked with a mix of contemporary furniture and gorgeous antique touches such as the chandeliers, statement mirrors, original Impressionist paintings and marble fireplaces. You’ll find our statement Herm\u00e8s scarf framed above the living room sofa that echoes the room’s beautiful design, just one of the inspired touches.\nEvery detail has been carefully selected to create a harmonious home.\nThe artwork is a very special touch throughout the apartment. Many are Impressionist paintings by the master Maurice Fallies and others are contemporary. All of the pieces are original watercolors and paintings, each one beautifully framed and telling a unique story of Paris.\nDining at Home \u2013 Parisian Style!\nGorgeous kitchen with dining area.\nJust beyond the living room, Beaux R\u00eaves has a spacious kitchen and dining room with a large French door that opens to the balcony. We love how there are two entrances connecting the living room and kitchen to create a better flow between the spaces while also separating them.\nTwo entrances to the living room on either side of the dining table.\n \nSo much storage in this beautiful kitchen.\nThe sleek kitchen features soft powder blue lower cabinets and white upper cabinets. We’ve installed the highest quality appliances including refrigerator/freezer, microwave/convection oven, induction burners. Plus the design isn’t just beautiful. There’s plenty of counter space and storage to store your toaster and other appliances tucked away.\nA closer look at the incredible detail on the antique mirror in the kitchen.\nAn antique marble mantle and gorgeous mirror create an elegant atmosphere that’s even more appealing after dark as the chandelier light is reflected in the mirror. Every space in Beaux R\u00eaves is a place of beauty and each detail has been carefully selected to create an elegant home in Paris.\nCook at home in Paris in this dream kitchen!\nWith some of the best open-air markets in Paris nearby and the incredible rue Cler market street only two blocks away, you’ll find everything you need for cooking and enjoying French favorites at home. Plus, just imagine stepping out onto your own balcony to watch the Eiffel Tower sparkle at night!\nYour Own Perfect Bedroom in Paris\nSweet dreams in the Beaux R\u00eaves bedroom!\nJust across the central hallway is a gorgeous bedroom that has been beautifully remodeled and decorated. The large window fills the room with light and it’s located on inner courtyard for quiet. Find the best quality extra wide queen bed from the French supplier to the top luxury hotels in Paris. And thinking of everything, there\u2019s extra storage underneath thanks to the hydraulic lift operated container bed.\nLook at all the light in the bedroom!\nThe lovely wallpaper adds a soft touch that’s perfectly complemented by the built-in closets with traditional molding and mirrors. With the beautiful wardrobes and the large space under the bed, you’ll have plenty of storage in this apartment. In every room of Beaux R\u00eaves we’ve thought of all the little touches like USB ports next to bed on both sides along with plugs. You’ll feel right at home!\nRest easy without the hassles and stress of renovating an apartment in Paris!\nDesigning a Stylish and Functional Modern Apartment for Sale in Paris\nMake a toast to Parisian living in your new home!\nWhen it comes to living in Paris, we know you need a space that captures all the allure and romance of Paris while also being functional and comfortable for modern living. That included a dedicated space for working at home or keeping in touch with family and friends. You’ll find the perfect spot for making those Zoom calls or catching up on emails located just off the central hallway.\nApartment includes a place to work from home in Paris!\nDuring the renovation, we were able to create two full bathrooms and included a comfortable sofa bed in the living room so you can easily welcome family and friends who want to enjoy your marvelous Eiffel Tower views and home. The Italian designed sofa converts easily to single beds as needed. Your Paris-loving guests will thank you!\nGorgeous details in the shower room.\nThe Beaux R\u00eaves includes two bathrooms: directly next to the bedroom is a bathroom with large shower and sink. On the right after entering the apartment is a separate powder room with beautiful tiled details. Just past the powder room, you’ll find a room with the desk area, a full washer and dryer and beyond that the second bathroom with shower, sink and second toilet \u2013 a rarity in Paris!\nSecond full bathroom with glass enclosed shower, toilet, large sink and lovely light.\n \nBlack and white tiles add a modern touch to the second bathroom.\n \nStylish powder room with sink (left) and striking geometric floor tiles (right).\nWe can’t get over how every detail of this apartment comes together to create a bright, welcoming and stunning home in Paris. We know you’ll fall in love with it too!\nShop along rue Cler only two blocks away!\nBeaux R\u00eaves has a dream location in the 7th arrondissement, an elegant and highly sought after neighborhood that’s noted for its excellent quality of life. With open-air markets nearby and the fabulous open-air market street rue Cler only two blocks away, you’ll love shopping for the freshest produce. You’ll be spoiled with so many fine cheese shops, butchers, bakeries and, of course, many supermarkets right at your doorstep. And when you aren’t cooking at home in your beautiful kitchen, there are some of the city’s top restaurants as well as charming caf\u00e9s nearby.\nEnjoy excellent restaurants and caf\u00e9s in the 7th arrondissement.\nWhether you’re starting the day with coffee on your balcony with a view of the Eiffel Tower or perhaps taking a morning run through the Champ de Mars gardens or along the Seine, the Beaux R\u00eaves is the perfect setting for enjoying the finest of Parisian living every day.\nCall the Beaux R\u00eaves Home\n\nAre you ready to make your beautiful dream of living in Paris come true at Beaux R\u00eaves? Fully remodeled and designed apartments are a rare find in Paris and we know the lucky buyer will enjoy every part of it. Contact our team at sales@parisperfect.com for all of the details and to schedule an in personal or virtual showing. Don\u2019t miss this rare chance to call the truly perfect Beaux R\u00eaves apartment your home in Paris!\nIf you love the idea of living in Paris and want to find out more, check out Paris Perfect Shared fractional co-ownership and read our 10 Best Tips for Buying an Apartment in Paris.\nThe post Introducing Beaux R\u00eaves \u2013 A Stunning Move-in Ready Apartment for Sale in Paris! appeared first on Paris Perfect.", "date_published": "2023-04-12T05:46:11-04:00", "date_modified": "2024-11-12T08:46:31-05:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/infoparisperfect/", "avatar": "https://secure.gravatar.com/avatar/4417e45c45b4ec9da77774435938e79d5e09e53984fd10e992a1d315e82c2591?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2023/03/temp-paris-perfect-beaux-reves-1.jpg", "tags": [ "7th arrondissement", "paris apartment for sale", "Paris renovated apartment", "Buying an Apartment in Paris", "Paris Home Remodels" ], "summary": "Our team at Paris Perfect has outdone itself with Beaux R\u00eaves, a gorgeous one bedroom, two bathroom apartment for sale in Paris!" }, { "id": "https://www.parisperfect.com/blog/?p=29741", "url": "https://www.parisperfect.com/blog/2023/04/2023-paris-real-estate-update-the-evolution-of-prices-in-paris-apartments-modest-slowdown/", "title": "2023 Paris Real Estate Update: The Evolution of Prices in Paris Apartments \u2013 Modest Slowdown", "content_html": "

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Along with always being on the lookout for the perfect apartments in Paris, our team keeps a close eye on the real estate market. If you’re thinking of buying a Paris apartment, you’ll want to know the latest news and trends. While the prices for apartments in Paris have increased in the past four years on average between 4% and 7% per year, the recent increases in interest rates, caution by banks and global instability have temporarily stalled the market.

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What this means is that apartments are slower to sell for the first time in years, and we are seeing selective price reductions for average apartments.\u00a0Instead, some would-be sellers are simply not listing their apartments for sale, and are waiting a return of optimism in the market. For the properties that do come on the market there are fine opportunities for buyers. Please contact us at Sales@ParisPerfect.com to find out more about our excellent search services for buyers.

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(Courtesy Wikimedia Commons)

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Background and Review of Paris Apartment Prices and Sales: 2018 to 2023

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2018 – 2021:\u00a0 According to a report by the Chamber of Notaries, the price per square meter in Paris increased by 7.8% from 2018 to 2019. This trend continued in 2020, with an increase of 5.9%. The real estate market slowed in 2021, with a decrease of 1.5% in the price per square meter.

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2022: A slower year due to the factor we are seeing around the world:\u00a0higher interest rates. Initially, Russia\u2019s invasion of Ukraine cast a pallor over the market, with subsequent fears of high inflation. This has diminished and most of the concern now centers on interest rates.

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However, it\u2019s still possible to finance a purchase at less than 4% in France, for a 20 year mortgage, which is a big positive. Please get in touch with us if you\u2019re interested in learning more about financing: Sales@ParisPerfect.com

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2022 Price Increase Anciens (Old) Apartments Paris. (Courtesy Chambres de Notaires Paris)

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Sales Volume

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Sales volumes in Paris in 2022 were up 2% for appartements anciens, or older apartments. These are the key properties that are the most sought after as well as the best investments. Find out more tips and information about finding the right apartment in Paris here.

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2022 Sales Volume Old Apartments/Appartements Anciens Paris (Courtesy Chambres de Notaires Paris)

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2002 \u2013 2022: Volume of Sales in Paris for Older Apartments

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*Note: Newer apartments are excluded. The reason is because buildings dating from 1950 to the early 1980s are less desirable and less expensive. It\u2019s important to look only at older apartments, most dating from the late 1800s or early 1900s. These are the majority in central Paris and the most desirable.

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(Image courtesy Roman Boed)

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2023 Trends in the Paris Property Market

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Prices are predicted to decline by about 1.5% overall in Paris.\u00a0However, the best apartments and locations have not seen any decline. In fact, the problem is that sellers have decided not to list their apartments until overall optimism and conditions improve.

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Average Price per square meter. Old apartments. Note: the average price includes the large number of apartments such as the following: Chambres de Bonnes or former maids\u2019 rooms, ground floor apartments \u2013 former concierge flats on the ground floor, apartments on inner courtyards and lower floors, apartments in buildings with no elevators. These sell for a lower price than upper floor apartments with views and elevators. (Courtesy Chambre de Notaires)

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The most desirable streets in the 7th, such as Avenue de la Bourdonnais, attain prices of up to \u20ac38,000/square meter \u2013 around \u20ac4,000/square foot. There are similar results near Avenue Montaigne in the 8th, but prices in the 8th have risen more slowly over the past 10 years. (Courtesy Capital Magazine France)

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The islands of Paris, the \u00cele de la Cit\u00e9 and \u00cele Saint-Louis, regularly command prices exceeding \u20ac30,000/square meter (about \u20ac3,000/square foot). The Marais on the Right Bank sees a wide dispersion of prices. (Courtesy Capital Magazine France)

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2023 Price Per Square Meter in Paris: Slow and Steadily Upwards

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The chart below represents the average sale price of older apartments in all arrondissements of Paris. The important point to focus on is the slow and steady upward trend of Paris prices, which have generally exceeded inflation for the past 50+ years.

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\u201cThey Ain\u2019t Makin\u2019 Any More\u201d: This is a unique city globally, because the arrondissements of Paris are defined in such a way that virtually no new building permits are allowed in this historic city.\u00a0That limits the supply, particularly the \u201cbest of the best\u201d apartments.

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The result is the following in terms of prices by arrondissement: below are the average prices per arrondissement. The average is brought down by apartment sales in buildings without elevators, less-desirable apartments such as former maids\u2019 rooms and ground floor properties. But the absolute trends are clear: The 7th and 6th arrondissements remain the most expensive in Paris. They have retained their value during difficult economic periods and recovered the fastest afterwards.

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The best apartments: Haussmannian style buildings with elevators, high floors and balconies in the 7th sell for up to \u20ac 32,000/m2 or $2,972 per square foot.

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One exception:\u00a0 The \u00cele de la Cit\u00e9 and \u00cele Saint-Louis on the river Seine in the center of Paris. For the best apartments in these locations, they capture the crown in terms of pricing. In fact, the sale of a unique apartment with terraces and a layout spanning the Seine on the south all the way to the Place Dauphine was rumored to have sold for over \u20ac60,000/m2 or \u20ac 5,600/square foot.

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Making the Current Paris Property Market Work for You

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One of the key takeaways for 2023 is that there are still many amazing apartments to be had as some sellers cannot afford to wait. With fewer buyers to compete against, there is more choice of apartments for you.

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Americans buyers also have an automatic discount when buying in France with the strong dollar, still 10 cents stronger vs the euro than it was in 2021. It\u2019s also possible for US buyers to qualify for a French mortgage. The rates remain lower than the US: 3.85 – 4.95% for a 20 year fixed rate \u2013 worth checking into!

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Our search team at Paris Perfect are experts in finding the perfect apartment for you to buy and we would be happy to speak with you about it.\u00a0Check out our tips when you start your search and email our team at Sales@ParisPerfect.com if you\u2019d like to find out more about buying an apartment in Paris.

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The post 2023 Paris Real Estate Update: The Evolution of Prices in Paris Apartments \u2013 Modest Slowdown appeared first on Paris Perfect.

\n", "content_text": "Along with always being on the lookout for the perfect apartments in Paris, our team keeps a close eye on the real estate market. If you’re thinking of buying a Paris apartment, you’ll want to know the latest news and trends. While the prices for apartments in Paris have increased in the past four years on average between 4% and 7% per year, the recent increases in interest rates, caution by banks and global instability have temporarily stalled the market.\nWhat this means is that apartments are slower to sell for the first time in years, and we are seeing selective price reductions for average apartments.\u00a0Instead, some would-be sellers are simply not listing their apartments for sale, and are waiting a return of optimism in the market. For the properties that do come on the market there are fine opportunities for buyers. Please contact us at Sales@ParisPerfect.com to find out more about our excellent search services for buyers.\n(Courtesy Wikimedia Commons)\nBackground and Review of Paris Apartment Prices and Sales: 2018 to 2023\n2018 – 2021:\u00a0 According to a report by the Chamber of Notaries, the price per square meter in Paris increased by 7.8% from 2018 to 2019. This trend continued in 2020, with an increase of 5.9%. The real estate market slowed in 2021, with a decrease of 1.5% in the price per square meter.\n2022: A slower year due to the factor we are seeing around the world:\u00a0higher interest rates. Initially, Russia\u2019s invasion of Ukraine cast a pallor over the market, with subsequent fears of high inflation. This has diminished and most of the concern now centers on interest rates.\nHowever, it\u2019s still possible to finance a purchase at less than 4% in France, for a 20 year mortgage, which is a big positive. Please get in touch with us if you\u2019re interested in learning more about financing: Sales@ParisPerfect.com\n2022 Price Increase Anciens (Old) Apartments Paris. (Courtesy Chambres de Notaires Paris)\nSales Volume\nSales volumes in Paris in 2022 were up 2% for appartements anciens, or older apartments. These are the key properties that are the most sought after as well as the best investments. Find out more tips and information about finding the right apartment in Paris here.\n2022 Sales Volume Old Apartments/Appartements Anciens Paris (Courtesy Chambres de Notaires Paris)\n2002 \u2013 2022: Volume of Sales in Paris for Older Apartments\n*Note: Newer apartments are excluded. The reason is because buildings dating from 1950 to the early 1980s are less desirable and less expensive. It\u2019s important to look only at older apartments, most dating from the late 1800s or early 1900s. These are the majority in central Paris and the most desirable.\n(Image courtesy Roman Boed)\n2023 Trends in the Paris Property Market\nPrices are predicted to decline by about 1.5% overall in Paris.\u00a0However, the best apartments and locations have not seen any decline. In fact, the problem is that sellers have decided not to list their apartments until overall optimism and conditions improve.\nAverage Price per square meter. Old apartments. Note: the average price includes the large number of apartments such as the following: Chambres de Bonnes or former maids\u2019 rooms, ground floor apartments \u2013 former concierge flats on the ground floor, apartments on inner courtyards and lower floors, apartments in buildings with no elevators. These sell for a lower price than upper floor apartments with views and elevators. (Courtesy Chambre de Notaires)\n \nThe most desirable streets in the 7th, such as Avenue de la Bourdonnais, attain prices of up to \u20ac38,000/square meter \u2013 around \u20ac4,000/square foot. There are similar results near Avenue Montaigne in the 8th, but prices in the 8th have risen more slowly over the past 10 years. (Courtesy Capital Magazine France)\n \nThe islands of Paris, the \u00cele de la Cit\u00e9 and \u00cele Saint-Louis, regularly command prices exceeding \u20ac30,000/square meter (about \u20ac3,000/square foot). The Marais on the Right Bank sees a wide dispersion of prices. (Courtesy Capital Magazine France)\n2023 Price Per Square Meter in Paris: Slow and Steadily Upwards\nThe chart below represents the average sale price of older apartments in all arrondissements of Paris. The important point to focus on is the slow and steady upward trend of Paris prices, which have generally exceeded inflation for the past 50+ years.\n\u201cThey Ain\u2019t Makin\u2019 Any More\u201d: This is a unique city globally, because the arrondissements of Paris are defined in such a way that virtually no new building permits are allowed in this historic city.\u00a0That limits the supply, particularly the \u201cbest of the best\u201d apartments.\nThe result is the following in terms of prices by arrondissement: below are the average prices per arrondissement. The average is brought down by apartment sales in buildings without elevators, less-desirable apartments such as former maids\u2019 rooms and ground floor properties. But the absolute trends are clear: The 7th and 6th arrondissements remain the most expensive in Paris. They have retained their value during difficult economic periods and recovered the fastest afterwards.\nThe best apartments: Haussmannian style buildings with elevators, high floors and balconies in the 7th sell for up to \u20ac 32,000/m2 or $2,972 per square foot.\nOne exception:\u00a0 The \u00cele de la Cit\u00e9 and \u00cele Saint-Louis on the river Seine in the center of Paris. For the best apartments in these locations, they capture the crown in terms of pricing. In fact, the sale of a unique apartment with terraces and a layout spanning the Seine on the south all the way to the Place Dauphine was rumored to have sold for over \u20ac60,000/m2 or \u20ac 5,600/square foot.\n\nMaking the Current Paris Property Market Work for You\nOne of the key takeaways for 2023 is that there are still many amazing apartments to be had as some sellers cannot afford to wait. With fewer buyers to compete against, there is more choice of apartments for you.\nAmericans buyers also have an automatic discount when buying in France with the strong dollar, still 10 cents stronger vs the euro than it was in 2021. It\u2019s also possible for US buyers to qualify for a French mortgage. The rates remain lower than the US: 3.85 – 4.95% for a 20 year fixed rate \u2013 worth checking into!\nOur search team at Paris Perfect are experts in finding the perfect apartment for you to buy and we would be happy to speak with you about it.\u00a0Check out our tips when you start your search and email our team at Sales@ParisPerfect.com if you\u2019d like to find out more about buying an apartment in Paris.\nThe post 2023 Paris Real Estate Update: The Evolution of Prices in Paris Apartments \u2013 Modest Slowdown appeared first on Paris Perfect.", "date_published": "2023-04-02T09:20:19-04:00", "date_modified": "2023-04-27T05:01:41-04:00", "authors": [ { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/admin/", "avatar": "https://secure.gravatar.com/avatar/6fd13d5524fac51fbfd22557f9856dca979fd954ff9a8be6b802a534ec487640?s=512&d=identicon&r=g" } ], "author": { "name": "Paris Perfect", "url": "https://www.parisperfect.com/blog/author/admin/", "avatar": "https://secure.gravatar.com/avatar/6fd13d5524fac51fbfd22557f9856dca979fd954ff9a8be6b802a534ec487640?s=512&d=identicon&r=g" }, "image": "https://www.parisperfect.com/blog/wp-content/uploads/2023/04/paris-property-market-update-2023.jpg", "tags": [ "Buying an apartment in Paris", "paris real estate", "paris real estate trends", "Real Estate Paris", "Buying an Apartment in Paris" ], "summary": "Considering buying an apartment in Paris? Check out our latest updates on the Paris property market and find out why now is a good time to buy." } ] }