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Paris buyer's guide 2014

Matthieu Cany
Matthieu Cany

We have updated our guide for people looking to invest in Paris, buy a pied a terre or who wish to move permanently in Paris

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Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 PARIS BUYERS GUIDE DISCOVER PARIS PROPERTY PRICES IN PARIS LONG LET / SHORT LET INVESTMENT EXAMPLES REGISTER YOUR INTEREST Dear Salah, Peter and I just wanted to thank you for your help and advice in our search for a Pied a Terre in Paris. Your local knowledge has been invaluable. Margaret & Peter T.
Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 Paris is the capital and largest city of France, situated on the river Seine, in northern France, at the heart of the le-de-France region. The Paris metropolitan area has a population of 12,000,000 and is one of the most populated metropolitan areas in Europe. Paris is divided into 20 different districts called arrondissements. The 1st district is in the centre of Paris and the other districts go round clockwise in a snail shell shape (with the 20th district being on the outer side of Paris). The main attractions are mostly in the first eight districts. These include the Mus辿e du Louvre, Saint Germain des Pr辿s, Notre Dame Cathedral, the Eiffel Tower and Les Champs-lys辿es. DISCOVER PARIS
Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 DISCOVER PARIS Map of Paris showing the 20 different districts (Arrondissements) MontmartrePigalle Champs Elysees Bastille St Germain (latin quarter) Montparnasse Marais
Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 PROPERTY PRICES IN PARIS It is a well known fact that property prices have always been higher in Paris than in the rest of France, and keep soaring. However, in 2013 the Ile-de-France region (Greater Paris) has seen a decrease of 1.7% in property prices (reference: lefigaro.fr). This decrease in prices give an opportunity to buy at the right price. Moreover, in central Paris itself properties prices have decreased by 1.5% last year compared with 2012 (they increased by 26.2% over the last 5 years). Prices vary according to the districts; there is in general a significant difference between the first 8 districts and the 12 others. Indeed, the first 8 districts tend to have a square metre price which can vary from around 9,500 to 14,000; the 6th district is more likely to be the most expensive but its prices have reduced by 2.3% in 2013. The square metre price in the other districts vary from 7,000 to 9,500 (source: paris.notaires.fr). On top of that, buying an apartment in Paris can be difficult without the help of a good estate agent as there are a numerous prospective buyers and not many available properties on the market (although most of them are sold off-market, at Sextant we have access 1,300 exclusive mandates for sale in Central Paris which are not displayed on the Internet). Alongside the stable political situation in France, Paris attractiveness will never cease and thats another reason why we believe investing in the French capital will always be one of the safest investments in the world. Especially before prices become totally unaffordable for most.
Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 PROPERTY PRICES IN PARIS -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Price variation of apartments in Paris in each arrondissement (in %) Variation 1 Quarter Variation 1 Year Variation 5 Years Source: Paris Notaire (land registry)
Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 LONG LET Mostly known as the bail 3/6/9 in France, this long-term lease is a contract dealing with the lease of residential facilities. A long-term let deals with the relationship between the landlord and the tenant. The regulation of residential leases is made of public policy provisions, which means that you cannot waive it. This residential lease lasts for 9 years with a rent review every 3 years. Both parties can terminate the rental contract by giving 3 months notice. SHORT LET More interesting than the long let, a furnished short let allows the landlord to review the price on a more regular basis. In Paris, short let means renting an apartment from 1 week up to several months. It is designed for people who spend their holidays in Paris or for expats who have just arrived in Paris and need quick accommodation before finding a long rental lease. It is very difficult to find a good property to let in Paris, thats why it usually takes a few months to find the right one. Unlike the French Riviera which sees peak season during the summer with high holiday rental prices, Paris is an all year round tourist location with 27 million tourists per year (source: www.paris.fr ).
Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 SHORT LET INVESTMENT EXAMPLE Paris 2nd Arrondissement Price: 1,150,000 2 bedrooms Living area: 81sqm Private lift Situated on the right bank of the River Seine Short let potential: Price: 1701/week Annual rental income: 79,607 with 90% occupancy Yield: 6.92% Gross
Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 SHORT LET INVESTMENT EXAMPLE Paris 8th Arrondissement Price: 2,394,000 Living area: 230sqm 3 bedrooms 1880s stone building Lift Short let potential: Price: 3,375/week Annual rental income: 157,950 with 90% occupancy Yield: 6.60% Gross
Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 London office: Linton house 39-51 Highgate road London NW5 1RT Tel (UK): +44 (0) 207 4284 910 Fax (UK): +44 (0) 207 4284 919 REGISTER YOUR INTEREST Paris office: 1 rue de Stockholm 75008 Paris France Tel (FR): +33(0) 1 70 61 27 15 Fax (FR): +33(0) 1 44 70 00 19 Email: info@sextantproperties.com Website: www.sextantproperties.com

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Paris buyer's guide 2014

  • 1. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 PARIS BUYERS GUIDE DISCOVER PARIS PROPERTY PRICES IN PARIS LONG LET / SHORT LET INVESTMENT EXAMPLES REGISTER YOUR INTEREST Dear Salah, Peter and I just wanted to thank you for your help and advice in our search for a Pied a Terre in Paris. Your local knowledge has been invaluable. Margaret & Peter T.
  • 2. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 Paris is the capital and largest city of France, situated on the river Seine, in northern France, at the heart of the le-de-France region. The Paris metropolitan area has a population of 12,000,000 and is one of the most populated metropolitan areas in Europe. Paris is divided into 20 different districts called arrondissements. The 1st district is in the centre of Paris and the other districts go round clockwise in a snail shell shape (with the 20th district being on the outer side of Paris). The main attractions are mostly in the first eight districts. These include the Mus辿e du Louvre, Saint Germain des Pr辿s, Notre Dame Cathedral, the Eiffel Tower and Les Champs-lys辿es. DISCOVER PARIS
  • 3. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 DISCOVER PARIS Map of Paris showing the 20 different districts (Arrondissements) MontmartrePigalle Champs Elysees Bastille St Germain (latin quarter) Montparnasse Marais
  • 4. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 PROPERTY PRICES IN PARIS It is a well known fact that property prices have always been higher in Paris than in the rest of France, and keep soaring. However, in 2013 the Ile-de-France region (Greater Paris) has seen a decrease of 1.7% in property prices (reference: lefigaro.fr). This decrease in prices give an opportunity to buy at the right price. Moreover, in central Paris itself properties prices have decreased by 1.5% last year compared with 2012 (they increased by 26.2% over the last 5 years). Prices vary according to the districts; there is in general a significant difference between the first 8 districts and the 12 others. Indeed, the first 8 districts tend to have a square metre price which can vary from around 9,500 to 14,000; the 6th district is more likely to be the most expensive but its prices have reduced by 2.3% in 2013. The square metre price in the other districts vary from 7,000 to 9,500 (source: paris.notaires.fr). On top of that, buying an apartment in Paris can be difficult without the help of a good estate agent as there are a numerous prospective buyers and not many available properties on the market (although most of them are sold off-market, at Sextant we have access 1,300 exclusive mandates for sale in Central Paris which are not displayed on the Internet). Alongside the stable political situation in France, Paris attractiveness will never cease and thats another reason why we believe investing in the French capital will always be one of the safest investments in the world. Especially before prices become totally unaffordable for most.
  • 5. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 PROPERTY PRICES IN PARIS -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Price variation of apartments in Paris in each arrondissement (in %) Variation 1 Quarter Variation 1 Year Variation 5 Years Source: Paris Notaire (land registry)
  • 6. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 LONG LET Mostly known as the bail 3/6/9 in France, this long-term lease is a contract dealing with the lease of residential facilities. A long-term let deals with the relationship between the landlord and the tenant. The regulation of residential leases is made of public policy provisions, which means that you cannot waive it. This residential lease lasts for 9 years with a rent review every 3 years. Both parties can terminate the rental contract by giving 3 months notice. SHORT LET More interesting than the long let, a furnished short let allows the landlord to review the price on a more regular basis. In Paris, short let means renting an apartment from 1 week up to several months. It is designed for people who spend their holidays in Paris or for expats who have just arrived in Paris and need quick accommodation before finding a long rental lease. It is very difficult to find a good property to let in Paris, thats why it usually takes a few months to find the right one. Unlike the French Riviera which sees peak season during the summer with high holiday rental prices, Paris is an all year round tourist location with 27 million tourists per year (source: www.paris.fr ).
  • 7. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 SHORT LET INVESTMENT EXAMPLE Paris 2nd Arrondissement Price: 1,150,000 2 bedrooms Living area: 81sqm Private lift Situated on the right bank of the River Seine Short let potential: Price: 1701/week Annual rental income: 79,607 with 90% occupancy Yield: 6.92% Gross
  • 8. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 SHORT LET INVESTMENT EXAMPLE Paris 8th Arrondissement Price: 2,394,000 Living area: 230sqm 3 bedrooms 1880s stone building Lift Short let potential: Price: 3,375/week Annual rental income: 157,950 with 90% occupancy Yield: 6.60% Gross
  • 9. Sextant Properties, 1 rue de Stockholm 75 008 Paris www.sextantproperties.com Tel (FR): 01 70 61 27 15 London office: Linton house 39-51 Highgate road London NW5 1RT Tel (UK): +44 (0) 207 4284 910 Fax (UK): +44 (0) 207 4284 919 REGISTER YOUR INTEREST Paris office: 1 rue de Stockholm 75008 Paris France Tel (FR): +33(0) 1 70 61 27 15 Fax (FR): +33(0) 1 44 70 00 19 Email: info@sextantproperties.com Website: www.sextantproperties.com