For several years Paris has been the most important real estate investment market in continental Europe, with overall investment volumes of € 8-10 Billion each year. This is due in the main part to the diverse economic fabric of the region which provides robust and sustainable occupational markets. Balance between the major business sectors including large industry, public sector, financial services and other service providers keeps take up levels at around 2 million square metres per annum. With an overall office stock in the region approaching 50 million square metres, Paris Region is also the largest office market in Europe.
But it is not all about offices!
Paris is all importantly the world’s most popular tourist destination which helps the city’s premier global position in the luxury retail and hotel sectors. Last but not least the residential property market has shown a high degree of resilience to the global financial crisis as buyers continue to choose Paris as a safe haven for their private residences or buy-to-let investments.
We are pleased to announce the publication of the first edition of our 2013 “Why invest in Paris?” brochure, a reference manual designed for those investors who are new to our market. We will provide an overview of the Paris Region’s economy and principal real estate submarkets before looking in closer detail at the legal and fiscal aspects of property investing in France.
Source : Ernst & Young