Overseas Investors Seeking Emerging Parisian Districts

Parisian districts are becoming increasingly popular with overseas property investors who are looking for the best opportunities in the up-and-coming neighbourhoods that Paris has to offer. Furthermore, it is important for such neighbourhoods to include the best opportunities.
 
Thomas Elisian told the Telegraph that overseas buyers are “increasingly willing to look at ‘newer’ neighbourhoods if they can get an advantageous deal.”

The most popular district with the investors is the 10th arrondissement with the Canal St Martin and Boulevard Magenta being the most sought after.  Other popular arrondissements include the 17th and 15th which have grown in capital by 10 per cent over the course of last year, according to the Managing Director of Sifex, Sarah Francis.

Paris is also becoming popular for consumers looking for non residential property as stated by Jones Lang LaSalle report, which comments on the city’s popularity for commercial property.

A reason for this increase is due to people looking to spend their holidays a little closer to home to save money in the current economy. France has many new neighbourhoods which are offering good value for money deals so investors are more tempted to purchase holiday homes to rent out during the year in these neighbourhoods. They will also, of course, need to purchase an overseas property insurance policy.

Furthermore, the city was the third most active in the global property market in the final quarter of last year with only London and New York incurring a higher transaction volume.