Why is it difficult to find real estate in Paris?
Searching for property in Paris that matches all your criteria is no easy task. Your apartment hunter in Paris tells you a little more about the Parisian real estate market and invites you to turn to an experienced real estate hunter to facilitate your access to his rare properties.
The rise in prices of apartments for sale in Paris
Parisian real estate prices continue to rise, the latest press release from the Paris Chamber of Notaries highlights a price per m2 that reached €9260 in March 2018 and an increase that amounted to 9.5% over the whole of 2018 compared to 8.5% the previous year.
The residential market, which is increasingly in demand by investors, is not only targeted by middle classes and first-time buyers, as wealth investment is becoming more and more important, not to mention foreign buyers with high purchasing power ready to pay several tens of thousands of euros per m2 in order to benefit from a pied-a-terre in Paris. If we look back a bit, we realize that over the last 10 years, Buying an apartment in Paris proved to be a more profitable choice than investing in the CAC40.
Apartments in Paris will continue to increase
There is an extremely simple and implacable observation that must be made when analyzing the real estate market in Paris: the city has a necessarily limited quantity of housing and is also proving to be one of the most sought-after cities for real estate investments among all European capitals. As a result, the market is tending towards a saturation of supply and an ever more competitive demand.
No Parisian district is spared from this phenomenon. For example, in the space of one year in 2017, Real estate prices per m2 in the 2nd arrondissement increased by more than 10%. On average, the price of a transaction in Paris intramuros is around €450,000, whereas it was still €250,000 less than 15 years ago! Today, in the 6th arrondissement of Paris, the market price is around €13,000/m2, a record.
A time-consuming task without a real estate hunter
Find the apartment in Paris which meets all its criteria often constitutes a true Way of the Cross. Estimates may vary but we are approaching the approximately 200 hours deployed overall for an individual who would be looking for an apartment alone in Paris: a hundred hours of analyzing ads, 60 hours of property visits, 50 hours of contact with agencies, to which will be added several hours devoted to optimizing financing, negotiating the purchase offer or even managing notary parties.
Luxury apartment in Paris and other real estate purchases: the contribution of an apartment hunter
For your real estate purchase in Paris, you can save considerably in time and efficiency thanks to a real estate hunter. With Parlemoi de Paris, you benefit from expert advice based on more than 10 years of experience from Real estate hunter in Paris, access to the notary database and a personalized search to find the rare pearl that will match all your search criteria.
Great collaboration with Patrick Martinez! Very professional, relevant and friendly, I highly recommend him.
I needed support for this real estate project due to lack of time and the need to be reassured when choosing the property. I opted for Tell me about Paris, and I don't regret it. Susan who helped me was perfect. Always responsive and with good advice, she helped me well in the procedures and the research, she was always present, which allowed me to quickly find a very interesting property and in Paris what was unexpected for me. I highly recommend their support!
Not living in Paris, we called on Susan from Talk to me about Paris to find our footing. The exchanges were very pleasant thanks to her quality of listening, her availability, her professionalism, her responsiveness and her interpersonal skills. Its assets served our research and we were lucky enough to quickly find the rare pearl despite our requirements. Her knowledge of the Parisian market meant that she directed us to a neighborhood that we did not have the idea of selecting and we do not regret for a second having listened to her.
