Unknown to many Parisians, the 16th is one of the most pleasant districts of the Capital in terms of quality of life. Located on the fringes of the Parisian festivals, it offers a certain tranquility in a city in perpetual movement. It is also the biggest and greenest district, and there are many gardens and parkland in which it is pleasant to walk. The district is certainly residential, but also very visited by tourists in search of museums and other remarkable places.
The luxury property market remained strong during the year of 2016 and the trend is expected to extend to 2017.
The end of 75% taxes and the readjustment of prices of luxury real estate were triggers of this renewed attractiveness in Ile de France.
Moreover interest rates are still attractive and estimated at 2.19% in January 2016. Paris also benefits from a favorable price differential compared to other capital of luxury real estate like New York, Miami or London. Maintaining the euro against the dollar helps to maintain the purchasing power of non-European customers.
A company or an individual investor wishing to acquire a real estate will follow the following procedure:
First, there is the promise of sale which is signed between a buyer and a vendor. Then, the buyer usually places a deposit of 10% of the property price in the hands of the notary.
This security deposit guarantees the buyer's commitment. If the buyer cannot purchase or does not wish to continue with the purchase anymore, he loses the 10% he has paid which, are given to the seller. The notary then collects various documents (entitlement of the parties, mortgage situation, town-planning, property verification...). After the notary has collected all the documents, the Final Sales Agreement is signed. It is a deed and is almost indisputable in court.
French law imposes various taxes, such as the local property taxes and the wealth tax. To benefit from some tax or succession measures, it may be interesting to manage a property through a SCI. A SCI requires no minimum capital. Whatever the nationality of the buyer, any individual or legal person may be involved in a SCI. The SCI provides an interesting inheritance tax planning tool for families.
The period between November and March in France is considered as the coldest of the year. Temperatures range from 2 to 9 degrees.Business tourism does not decline due to the coldest temperatures, however the influx of foreign tourists decreases during this period.
From April onwards, the temperatures are higher, and they vary between 12 and 25 degrees on average. During this period, the attendance is quite high because in addition to tourists from all over the world, Paris hugely welcome business tourists.
The peak season includes the months of June, September and October. At this time the temperatures are still pleasant. Moreover, it is during these three months that the tourist influx is the most important. This is due to the organization of numerous events, and other international fairs, such as Rolland Garros and the agricultural fair for example.
Palais de Tokyo was built in 1937. It is an art center, dedicated since its opening to the reconciliation between the public with contemporary French and international creations. It is also the largest center of contemporary creation in Europe since 2012, following the rehabilitation of its spaces.
Since its construction, Palais de Tokyo has housed two distinct museums: the "Museum of Modern Art in the City of Paris", which has always occupied the East side of the palace. The West side, has experienced many reorganizations all related to the visual and graphic arts. It is now home to "The Palace of Tokyo" which is a site of contemporary creation.
Created in 1937, Jardins du Trocadéro covers an area of more than 93,000m2 of green spaces. Its position, in front of the Eiffel Tower makes it one of the most frequented places of the French capital.
During the walk you can enjoy the magnificent spectacle of the Majestic Warsaw Fountain in the center. Moreover, it is possible to appreciate the play of lights, animating the multitude of sculptures of the beginning of the XXe disposed at the four corners of the garden.
Built in 1927 in the south-west of the 16th arrondissement of Paris, Rolland Garros is the world's first tennis competition on clay courts. Amateurs and professionals are delighted to know that each year, leaves to the third tennis tournament of the Grand Slam, Rolland Garros.
At the beginning of each summer, for two weeks, the world's elites, feminine and masculine, come face to face. Rolland Garros has more than 24 courts, the main ones being the central court Philippe Chartier and the court Suzan Lenglen. In 2017 edition, Raphael Nadal came to win his tenth edition of Rolland Garros.
Paris is the French capital, its agglomeration includes more than 20 million inhabitants. Paris is at once the economic, political and cultural capital of France. The capital is full of famous places such as "The Eiffel Tower", "Triumphal Arch", "Notre Dame Cathedral" or "The Louvre Museum". Paris is the third world touristic destination in 2016 behind Bangkok and London. Paris is a very popular destination for investors, it is quite possible to enjoy a prestigious property in Haussmann-style buildings, or a property that overlooks the “Jardin des Tuileries, the “Palais Royal” or the edges of the Seine....