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District XVII


France - Paris

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District XVII - Paris

The 17th district of Paris is on the north-west of the city, on the right side of the Seine. It is bordering with the 8th, 16th and 18th district. It certainly competed, the bourgeoisie of the 16th with its many Haussmanian-style buildings, while being the one with the fewest things to visit. Despite this, diversity can be considered as the hallmark of the borough, which contains the Batignolles Square and its lake, the new Clichy-Batignolles-Martin Luther King Park, which is part of a sustainable development approach. These are the values to which the 17th arrondissement of Paris wishes to come closer. Life in the 17th is quiet and pleasant, away from the hustle and bustle of a major capital.

Listings in District XVII
Market Overview

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.

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Buying basics

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.

Agents in District XVII

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Paris
Hotspots in Paris

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.

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