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Revival of the Paris property market: who’s buying and where?

Market Stats
Paris roofs Wikimedia Commons : Daniel Stockman

A previous Paris Property Group article detailed the start of a recovery for the French capital’s real estate market, due in part to low property prices. Buyers are back and it’s time to invest in the city, but where exactly?

Defense Ministry building in Paris’ 7th arrondissement may become social housing

Changing Landscape
Ministère de la Défense Paris Anissa Putois

The French ministry of defense is leaving its building in the 7th arrondissement to move into new headquarters in the south of Paris. Paris’ Mayor wants to convert the old office to social housing.

Sales volumes of Paris property rose during 2014 but prices dipped

Market Stats
399px-Avenue_de_la_République_(Paris),_numéro_22,_porte_02

During 2014, the number of sales of apartments in period buildings in Paris increased by 2% compared to 2013, but real estate prices decreased by 2.1%. These are the conclusions of the quarterly report for the 4th quarter of 2014 issued by the notaires, officials who handle property transactions in France.

A French real estate trust has acquired the Abbaye de Penthemont

Big Deals
1024px-Paris_-_Abbaye_de_Penthemont_-_104-106_rue_de_Grenelle_-_003

French real estate investment trust Foncière des 6ème et 7ème Arrondissements de Paris has recently bought a prestigious office complex from the French State for an undisclosed sum. The Abbaye de Penthemont is situated at the corner of the Rue de Bellechasse and the Rue de Grenelle in Paris’s 7th arrondissement (district).

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