Paris is one of the cities to invest in for luxury real estate in 2015
New research on global cities shows that luxury real estate investors have an increasing appetite for investing in alternative neighborhoods in established cities, including Paris.
Favorable market conditions in Paris, and lower prices than in some global cities such as London, have encouraged investors to buy. According to the study, residential property prices in Paris are expected to show moderate growth in 2015.
Some of the factors favoring real estate investment, such as historically low interest rates, may not continue for very much longer. Even so, the predicted return of sustainable economic growth in Europe spells a positive outlook for key business centers.
The research includes the 16th arrondissement (district) in the top 10 worldwide markets to watch. With its large apartments in Haussmannian buildings, upscale schools, museums, parks, and sporting venues, the 16th remains popular with families. However, prices remain below the levels of the highly sought after and more central 6th, 7th and 8th arrondissements. Opportunities for new development are limited in the 16th, which is a safe and elegant area with a wide choice of shops and restaurants.