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FOREIGN-BUYERS-INCREASINGLY-PREVALENT-IN-PARIS

Foreign Buyers Increasingly Prevalent In Paris

30.10.15

Foreign buyers are increasingly prevalent in and around vintage capital Paris with new figures confirming that they now account for almost one in 10 residential sales. The three distinct districts that make up the Ile de France reveal that 9.2% of buyers are from overseas, the first time in over a decade that such a volume of sales has been logged.

The latest figures from Notaire Insee also indicate fresh interest from buyers in Italy, China, the USA, Portugal, and the UK. In central Paris, some 8.3% of buyers this year have been foreign nationals, with the figure rising to 11.2% in the Inner Ring and dropping to around 7% in the Outer Ring.

Property agent Dominique Logerot believes that the change is partly due to a flux in domestic buyer patterns. “More Parisians are selling up,” she says. “That has stimulated interest because there are unique, traditional properties coming on to the market for the first time in as many years. They have a certain rarity value. Paris is also the type of place that never goes out of fashion. Property prices remain competitive too, compared to prime central London.”

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