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Investing in the Grand Paris, have you thought about it?

Paris is magnificent but Paris also is:

– Dense…extremely dense: over 200 inhabitants/hectare, more than twice as London and Rome
– Small …very small: an area of only 85 km2 against 1285 sq km for Rome and 1575 sq km for London!

With Metropole du Grand Paris (MGP) project, which was launched in 2016, Paris will finally reach the average size of the main cities in the world. It will grow from 2.2 million to 7 million inhabitants!

Le Grand Paris in a few words

As Haussmann did in 1860, the metropolis will incorporate in a blink of an eye: the neighboring departments of : 92 – Haut de Seine, 93 – Seine Saint Denis et 94 – Val de Marne, as well the municipalities of Argenteuil and the Portes de l’Essonne (south of Orly).
The organization of these municipalities will be based on a somewhat complex system of “double inter-municipality”. As the ville de Paris explain heare on his web site

What a progress, after all!
The peripheral municipalities, which have been so far relegated to second place, will be grouped together in order to organize the economic, urban, ecological and social issues necessary for the development of the great metropolis.
Concerning public transportation, the new automatic metro called the Grand Paris Express, as well as the extension of the existing metro network, will promote inter-municipality connections.

As the capital will host the 2024 Olympic Games, works are progressing rapidly. The new lines will connect various locations, including the official Olympic village near Saint-Denis Pleyel station. More information here

21 tunnels boring machines in operation : the highest density in the world !

Why is it interesting to invest now in the suburbs, at the dawn of Greater Paris?

100 billion euros of financing, from which 35 billion euros for the creation of the Grand Paris express, will give great attractiveness to the so called ‘banlieu’. It will be increasingly sought by both investors and families, shaken by the sharp rise in the Paris intramural real estate market.

Rising prices in the ‘banlieu’ is inevitable and will accelerate.
With an average price that varies depending on the department, between 3500 and 7000 €/sq m, the price remains well below the average price of 10 500 €/sq m in Paris (to read : Investing in Paris : let’s talk about numbers).

Contact us for more information.

Frequently exploited by the press and always relevant in the real estate business, the square meter’s prices in Paris apartments change quickly.
Responsiveness is a mandatory quality for those who want to buy in Paris.

The upward trend in Paris real estate has been more than confirmed.

Within Paris, in 2019 prices jumped on average by 8%, reaching the average price of 10 500 € / m2 .
Today, 5 of Paris districts (arrondissement), have a price per square meter higher than 12.000 €, as indicated by the index of the “Notaries of Paris, Ile-de-France”, in the evolution of Price chart / m2 by arrondissement, searchable on the site of Chambre des Notaire de Paris

In order to planned your investment cost, do not forget to count the fees of notaries, amounting to 7 – 8% of the price of the property, calculated net of real estate agency commission.

The real estate market continues to be profitable and interesting in the chicest capital of the world. It’s still possible to find a prestigious apartment for less than 2 million euros. It’s a low price compared to other’s world capitals.

But there’s only one city where to enjoy a sunset with an Eiffel Tower’s view!

May 2019 : transparency of selling prices

Everybody talks about it: in the RER, going to see an exhibition, in the bar in front of a glass of wine and at work during lunch time.

For a better orientation, in case of sale and purchase, why not take a look at the DVF database (https://app.dvf.etalab.gouv.fr/). This is the real estate value of goods sold in the last 5 years issued by the government, more precisely by the DGFiP (Direction générale des Finances Publiques). It’s therefore of fiscal origin, without the notarial and agency costs and it can help in the choise of neighbohoods and buildings.

Let us take the example of a cadastral parcel located in the 11^tharrondissement between Boulevard Voltaire and Boulevard Lenoir. If you complete the filters on the left, the results appear: the prices of properties in the neighbourhood are thus available for consultation.

At the same time, Meilleursagents.com, already at the cutting-edge of the real estate sector, has just published a very interesting update. They have in fact improuved their database with an application that allows in addition to view updates of housing prices. You can consult it here: https://www.meilleursagents.com/. You can also check the value (in figures and percentages) that the apartment has acquired since its sale.

We have tried out this new feature and… Here is an example of a search for real estate value of the same parcel in the 11^th arrondissement.

On the Home page, by clicking on Découvrir, you are directed towards this new feature. By filling the filters and entering the chosen address, you will be able to consult, on the left, the land and the property transfers that have taken place over a period of 5 years.

In this way, everyone can consult and compare the prices of the desired district or area in full transparency!

The real estate agents and notaries involved in estimating the sale price of property know better than anyone that the price varies according to many criteria and not only on the basis of m². Other elements influence the selling price, such as the number of rooms, the location, the conditions of the property, the expenses, the services and so on.

In any case, we invite you yo try them: either out of personal curiosity to discover how much you neighbor has paid compared to you or for your real estate projet thus having an overview of the area where you would like to buy or sell.

Example realised on the web site DVF Etalab

Those who consult our site and find themselves on our homepage will notice how the first photograph shows, in the background, the cathedral of Notre-Dame.

As you may know, on April 15, following a serious fire, part of the roof was damaged. The spire of Viollet Le Duc and “the Forest”, as this part of the roof was called, a masterpiece of medieval architecture and carpentry, were completely destroyed.
People who comes to Paris for a romantic weekend or for a period of study, those who decide to change their life and move here or those who were born here and have always lived there … all, at least once, have passed to pay tribute, to visit Notre-Dame. Some quickly, others taking the time to taste every single detail, others climbing on the towers to enjoy the view.

We have long thought about whether or not to leave this photograph, which so well represents the importance of this monument: not only a sacred place of worship, but also an architectural masterpiece, a symbol of Paris and all of France. On the contrary, perhaps it should be said, of the whole of Europe.

Finally, we decided to leave this image because the historical memory must be preserved and because, we are sure, Notre-Dame will be as beautiful as (and maybe more) before.

Photos réalisées par @arpenteur_de_paris de la terrasse de l’Institut du Monde Arabe ; photo de la charpente de la Cathédrale prise du site internet : notredamedeparis.fr