Wednesday, December 14, 2005

Real estate in Paris: the price is not right!


In Paris the price of real estate is really crazy. On this photo, a 30 sq meter studio in the 1st arrondissement (a good location) is sold for 276 000 €, that is 9 200 € per sq meter! The price of an apartment or a house (there are few houses in Paris) is primarily based on the number of square meters then on the location (it may double or triple from one arrondissement to another) and the general condition of the place (note that kitchen cabinets or appliances are generally not included). Balconies, terraces, elevators… are obviously a plus. The price shown in the ads include the agency fees but not the “notary fees” (mostly taxes) which amount to roughly 6%.

27 comments:

  1. It's completely crazy ! Housing in Paris is really really expansive, even for renting.

    C'est complétement dingue. Les logements à Paris sont vraiment hors de prix, même à la location.

    ReplyDelete
  2. Yes it's becoming so crazy that even Londonians will soon think twice before buying an apartment in Paris instead of London !

    ReplyDelete
  3. I'd say renting is even more crazy than buying!

    ReplyDelete
  4. Oui, c'est vraiment l 'enfer, j' ai du moi aussi m 'exiler dans le marais alors que je louais sur l'île Saint Louis depuis 10 ans ! Mais trop c'est trop ! Bientôt on devra aller en banlieue si ca continue !

    ReplyDelete
  5. At last! one area where London still beats Paris hands down. Here is one, 46sq mtrs (including cupboards!) for £500,000, 750,000 euro.

    ReplyDelete
  6. Very expansive, but is Paris,no ??
    Is one Paris in this world.........

    ReplyDelete
  7. >Ham. Yes, but for this price you also have a parking space!! You definitely win : 16 000 euros/ sq meter...

    Do I hear more in other cities? What about New York? Anybody can let us know?

    >Georgette. Yes, it's Paris, but still, it's not a museum, it's a city where people have to live, take some time off, raise their children...

    ReplyDelete
  8. If they want to do that, they have to go away, quite simple, sorry. Paris is nowadays for wealthy singles, couples without kids or gays.

    We just have to admit it.

    ReplyDelete
  9. Hmmm... Looks like Paris is catching up to us. Try buying anything in San Francisco (or in the entire Bay Area for that matter) [sigh, sigh, sigh]

    ReplyDelete
  10. Yes, Tomate. I live in San Francisco, and as ridiculous as it seems to me, I can afford to buy an apartment in Paris, la ville de mes rêves, but cannot purchase a home in the city I've lived in for 12 1/2 years!

    ReplyDelete
  11. Hi Eric, I get Adrian Leeds property 3 times a week. She has some pretty property too.

    ReplyDelete
  12. Unfortunately Sydney real estate (either to buy or rent) is one of the most expensive in the world. From a recent article, "Australia has by far the most overvalued houses in the Western world, with prices 52% higher than justified by rental values...The price of housing relative to incomes is 50 per cent higher in Australia than in other countries". And an article on the issue: http://www.theage.com.au/articles/2005/08/25/1124562981839.html?from=top5

    Luckily I managed to nab a bargain, but it really was a needle in a haystack!

    ReplyDelete
  13. It's also interesting to see the listing underneath on the photo, same sq footage, 10 minutes from the beach, in Cannes (which is not the most affordable place on the riviera), half the price!

    ReplyDelete
  14. Nobody can, buzzgirl. Not many people, I meant.

    ReplyDelete
  15. I agree with Fredb : in Paris renting is the craziest thing. Oddly enough, it's easier to buy. They ask for much less guarantees when buying, and a landlord can be a real pain in the ****. Still the rates are getting slighlty high again.
    I'm looking for a reasonable price right now (renting) and I'll get depressed soon I think.

    ReplyDelete
  16. The situation is being crazy here... If you can't buy something, you need to be lucky, like I was, or to have lots of time. Thats why Im offering services to help people finding their place but, even with lots of contacts, its not that easy.
    I still believe its worth living in Paris tho'!

    ReplyDelete
  17. In NY, 180 sq meters will cost about 415,000 euro. Plus or minus.

    Where I live, in Dallas, though... half a million dollars will get you a lot more. But Dallas isn't as popular as NY or Paris, obviously.

    ReplyDelete
  18. Very interesting read about notes. Thanks.

    Sincerely,

    DialNoteFinder
    sell real estate note
    http://www.DialNoteFinder.com

    ReplyDelete
  19. Adquity.com

    Classifieds for our community. Buy, sell, trade, date, events... post anything. Adquity Classifieds.

    Adquity.com

    ReplyDelete
  20. Wonderful and informative web site. I used information from that site its great. »

    ReplyDelete
  21. Hey people!
    This is PARIS!!!
    And it's CRAZY!!!

    ReplyDelete