Where to Buy in Paris? FNAIM Launches new Help Tool
A new interactive map has been launched by FNAIM to help users decide where to buy in Paris. Using indicators such as transport connections, job opportunities and local amenities, they have deemed some suburbs more attractive than inner Paris.
The foremost association of property professionals in France, FNAIM, has just released a new tool on its website that provides a great metric of where to buy in the greater Paris region, Ile-de-France. Taking into account multiple factors, communes are graded on a scale of 1 to 10, 10 being the most attractive. It’s important to note that price growth and market performance are not taken into account, this being a measure of livability.
The final score is an average of the commune or suburb’s rating in 16 different measures. Among them are local amenities, employment, transport links, sports and culture, environment, housing, health and security. The statistics for these were provided by the National Institute of Statistics and Economies Studies (INSEE), and FNAIM’s president said that the two that were prioritised were transport and security. A quick look immediately shows some interesting patterns.
Firstly, the western communes score much higher than the eastern communes. This is a similar story around most European major cities, with westerly winds pushing pollution east which leads to historically poorer communities living in these parts, along with comparatively inferior or over-burdened infrastructure.
Some of the highest scoring communes, all in the west and south-west, include:
- Ville d’Ivray (7.99)
- Saint-Cloud (7.83)
- Chaville (8.04)
- Montesson (7.93)
- Le Vesinet (8.01)
- Saint-Remy-Les-Chevreuse (7.94)
According to the tool, these six communes provide the answer to ‘where to buy in Paris?’. Interestingly, inner Paris only managed to score 5.78. While scoring well for transport (10), education (10) and income (9), security (1), housing (1.5) and work-life balance (1) drag it down. Paris also scores well for how little a burden fiscal rules weigh on households (10).
High work-life balance scores are seen in the immediate suburbs to the east of Paris, perhaps because this is a hotspot for young millennials taking advantage of a new culture of work that emphasises flexibility and innovation. Inner Paris and its touching suburbs score the highest for transport, though the Greater Paris Express will better connect the outer suburbs.
image © Wikicommons