Everyone who speaks with us at Flat Hunter wants to know the same thing: “What is the market like right now in Paris? Are prices going down?” We think that you may be surprised at what we have seen.
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Paris has a wealth of attractions, and it may well seem that you could never see everything that the ‘City of Light’ has to offer. However, there are some experiences and sights that a built-up metropolis like Paris is unable to offer. Paris is incredibly well connected with the rest of France, with many attractions and destinations easily close enough for a day trip, owing to the high speed TGV network, the RER and the SNCF. Here is just a small selection of destinations that you could visit, and be back in Paris the same day.
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The British Pound has had to endure an absolutely torrid time over the last six months. In fact, since around March 2008 we remained within a trading range of high 1.2900’s to lows of 1.2200 right up until November 2008. Having broken through the 1.2000 level the pound plunged toward parity with this move stopping just shy at 1.0200 on the 30th Dec 2008. This fall was not helped by the continual talk of a run on the pound and talk from the Confederation of British Industry forecasting that the UK economy will contract the most it has done in almost three decades.
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Paris’ most famous monument, the Eiffel Tower, stands here along with the Musee d’Orsay, Ecole Militaire and Invalides. Yet, except for the bustling areas around the main tourist attractions, it is actually one of Paris’ calmest arrondissements.
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Paris has withstood the test of time and while many other capital cities are facing huge housing market collapses, investors who bought in Paris 5 or 10 years ago are still happy with their investments. Buying to rent to tourists remains an excellent option and if you buy to live there then there is no better way to sit on a sound investment. Within the next 2 years I believe there will be an international recession and I can think of no better place for my money than in a beautiful apartment in Paris which I can use when I live here and rent out when I am abroad.
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