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Paris real estate investment market reaches new heights

Paris real estate investment market reaches new heights

March 2015

For the second year, EY and JLL have published “Why invest in Paris?” – a reference guide for foreign investors on the French real estate investment market.

According to JLL, following three years where the investment market hovered around 12 billion euros, 2014 was an excellent year for the Greater Paris Region market, which surpassed the 17 billion euro mark. According to the real estate consultant, it was the best year recorded since the 2007 peak.

“While the London market was down year-on-year – recording a 9% fall in investment volumes – the Greater Paris Region market recorded an increase of 46% in one year. The first economic region in Europe, Paris, is then the only European city along with London to rank amongst the global megacities. This gives a good idea of the stakes and scale of the Grand Paris project, which does not boil down to a mere transportation network but also includes multiple dimensions such as housing, economic growth, the environment and culture,” says Stephan von Barczy, Head of French Capital Markets Group, JLL.

Paris’ attractiveness goes far beyond the question of offices. The French capital city benefits from its position as the economic and political hub of the country, in the heart of the Ile-de-France region, the most densely populated and economically dynamic region in France.  La Ville Lumière has a unique heritage and is one of the first acclaimed cultural and touristic destinations in the world which supports the city’s premier global position in the luxury retail and hotel sectors. The residential property market has also shown a high degree of resilience to the global financial crisis as buyers continue to choose Paris as a safe haven for their private residences or buy-to-let investments.