How to successfully buy property in Paris: practical guide and advice

Buying an apartment in Paris is a major undertaking, but also a complex one. Prices per square meter regularly make the headlines, demand often exceeds supply, and attractive properties can sell in just a few days. However, despite these apparent difficulties, it is entirely possible to make a successful purchase, provided you are well prepared.

In this article, which accompanies the video by Patrick Martinez, director of the Parlez-moi de Paris agency, we take a detailed look at the essential steps to turn your apartment search into a real success. More than just a summary, this guide provides additional insight and concrete examples to help you better understand the reality of the Parisian market.

Define your project

It all starts with a thorough reflection on your needs and priorities. Buying in Paris is not just about finding available housing; it's a lifestyle choice. The difference between buying a primary residence, a pied-à-terre, or a rental investment is considerable, both in terms of the type of property and the buyer's approach.

Let's take a concrete example when a budget does not allow for a purchase in the desired arrondissement. Many buyers dream of the Marais for its historic atmosphere and lively streets. But in practice, this neighborhood is one of the most expensive areas in Paris. Conversely, some arrondissements such as the 11th, which are close to the Marais and much less expensive, will allow you to acquire more space while still being able to enjoy the Marais neighborhood. For example, if you live on Rue Amelot, you will be a 5-minute walk away. Prices there will be 25% cheaper.

Clarifying your project in advance means avoiding unnecessary visits and hesitation, and above all, it means giving yourself the means to react quickly when a property that meets your criteria comes up.

👉 For a concrete example of one of the most sought-after neighborhoods in Paris, discover the Saint-Georges neighborhood in the 9th arrondissement, which is attracting more and more buyers in search of dynamism and authenticity.

Anticipate your budget and financing

The second essential step is financial. The price per square meter in Paris varies greatly from one arrondissement to another, and even from one street to another. A dark ground floor does not have the same value as a top floor with an unobstructed view. According to the INSEE, price differences between neighborhoods can exceed 30%, or even 40% in some cases.

But beyond the listed price, it is essential to factor in all the additional costs. Notary fees represent about 7 to 8% of the purchase price for older properties. Added to this are any renovation costs or the cost of a mortgage.

IMPORTANT: in Paris, an attractive property can disappear in 24 to 48 hours. Presenting a bank file validated by your bank or a broker can make all the difference. In a recent situation, a client assisted by Parlez-moi de Paris won an apartment in the 17th arrondissement solely because his financing plan was ready. The other buyer, who was less prepared, was not selected.

This preparation does not necessarily take a lot of time, but it does require foresight and rigor.

Understanding the specifics of the Parisian market

The Parisian market has its own rules, and this is often where unprepared buyers encounter difficulties.

The first specific feature is speed. Unlike other cities where you can take the time to visit, compare, and think, Paris requires almost immediate responsiveness. Viewings follow one after another and offers overlap. An indecisive buyer can easily be overtaken by a more determined competitor.

The second specificity concerns regulations. The energy performance diagnosis (DPE) now plays a key role, particularly for investors. A property classified as F or G is considered to be energy inefficient. Its value is affected and its rental potential will be limited in the coming years. These legal constraints must be taken into account in any purchasing strategy.

Finally, there is a parallel market: the off-market. These properties are not visible in public listings, but circulate within professional networks. To access them, you generally need an intermediary with the right contacts. It is in this confidential circle that you will find the rarest properties: spacious family apartments, bright one-bedroom apartments in sought-after areas, or even unusual properties that never stay on the market for long.

The importance of having the right support

The final, often decisive step is support. It is possible to search for an apartment on your own, but it is a time-consuming and stressful process. It can sometimes lead to costly mistakes.

A property hunting agency, such as Parlez-moi de Paris, plays a key role on several levels. It filters listings to select only relevant properties, organizes viewings, negotiates prices, and secures all the necessary steps. Above all, it opens up access to the famous off-market, which is difficult for individuals to access.

Since 2009, Parlez-moi de Paris has been assisting French and international buyers with their projects, whether they are looking for a primary residence, a pied-à-terre, or an investment. The goal is always the same: to turn an ambitious project into a concrete success.

Conclusion: preparation is the key to success

Buying in Paris is not just a matter of budget, it is above all a matter of preparation. Defining your project precisely, anticipating your budget and financing, understanding the specifics of the Parisian market, and surrounding yourself with the right professionals are the four pillars of a successful purchase.

Following each step will help you avoid mistakes. It is also an opportunity to gain efficiency and peace of mind. In a city where every decision counts and opportunities can sometimes be decided in a matter of hours, preparation makes the difference between missing out on a property and finding the ideal apartment.

The video accompanying this article illustrates these points in detail and gives you a concrete overview of how we work at Parlez-moi de Paris. If you would like to take things further and discuss your project, you will find a link below the video to make an appointment and talk to us directly.

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