Commercial real estate remains a good bet in Paris
Paris remains a good bet for commercial real estate investment among the top 27 cities in Europe. A recent survey, Emerging Trends in Real Estate® Europe 2014, showed that institutional investors consider commercial property in Paris to be an essential component of their portfolio.
Commercial real estate investment in Europe topped 110 billion euros during the first three quarters of 2013, an increase of 10.5% over 2012. According to the study, the prospects are that this will increase in 2014, primed especially by Asian and American capital. The favorable European economic climate and low interest rates have encouraged greater confidence and risk-taking among investors.
Along with London, Paris remains a prime target, despite the uncertainties about fiscal instability and economic growth. Investors from Asia and the Middle East have targeted central Paris in search of flagship properties. Experts say this trend will continue this year. Other investors have sought cheaper properties in areas around the edge of the city that are considered a good bet for investment.
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