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Districts I & II


France - Paris

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Districts I & II - Paris

The first and second districts of Paris represent the historic heart of the city. They both run along the banks of the Seine and their medieval and renaissance architecture gives way too many private mansions, offering exceptional views of the city. It also includes the “Halles” district, which is the oldest neighbourhood of Paris.The 1st district is one of the smallest in Paris, however it includes a very large number of historical and prestigious monuments. Among them are the "Tuileries Garden", "The Royal Palace", "Place Vendôme", "The Louvre" ... 

Most the buildings that make it up are Haussmannian style and its highly sought-after by international clientele.
The 2nd district is more commercial. This is where the headquarters of the Paris stock exchange are located , which are international players in finance. Its small alleyways, dotted with many shops and restaurants, but also cafes and hotels typically Parisian. The particularity of the 2nd district is to shelter many "passages", transformed into galleries with unique charm from which it is possible to discover Paris in another way.

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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.

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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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