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.
Olivier was able to help us find the right property for us. He listened to us and was full of suggestions. His advice was invaluable at every stage of our search and right up to the negotiation of the property. A big thank you!
I embarked on the adventure of a first Parisian acquisition following an inheritance and in a context where the market was rather sluggish. I can only thank Olivier Lebé, who guided me for several months to refine my project until the acquisition of a very beautiful apartment in the 19th arrondissement. His ability to listen, his attentive support, his perfect knowledge of the real estate market and the neighborhood allowed me to embark on this first purchase with complete peace of mind. Excellent service is an investment, but peace of mind is well worth the price!
A big thank you to Patrick for his professionalism and efficiency! Thanks to his ability to listen and his perfect knowledge of the market, he was able to find the ideal property. Tailor-made support, sound advice and exemplary responsiveness. I highly recommend his services!
