"Luxury Real Estate in Paris Offers Good Value, Growing Returns"

The last time we were really pitching French property was in 2012, 2013 when some 10,000 millionaires reacted to the 75% supertax and left the country creating some real relative value. A couple posts from that period:
"France's 'Rich' Tax = Deals on Paris Mansions"
French Châteaux for Sale: As Rich Parisians Flee the Taxman Real Estate Prices Fall

And now, for other, more speculative reasons we again take a look.
From Barron's Penta, March 6:

High-end home values in Paris jumped last year, as deep-pocketed buyers were drawn to the city’s good value and investment stability, according to a report Thursday from Savills.
Values of prime properties—defined as those priced at €2 million (US$2.2 million) and up—in the French capital rose 6.4% in 2019, compared to 4.5% during 2018.

Buyers in the city are increasingly turning to mansion houses and fully furnished, full-service apartments, which are particularly sought after by international buyers, the London-based estate agency said.

“The city’s residential market is currently benefiting from an alignment of factors that have driven domestic demand and boosted its global appeal,” Hugues de La Morandière, chief executive at estate agency Agence Varenne, an international Savills associate, said in the report. “Domestic reforms under President [Emmanuel] Macron, low interest rates and a stable economy are some of the factors fueling growth.”

Other cities globally failed to recreate Paris’s success last year, logging slowing or falling growth, according to the report.

Price growth in the City of Lights was second only to Berlin—which saw prices rise more than 8%— and cities including New York, London, Dubai and Hong Kong saw prime prices fall last year....MORE

Recently:
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