Foreign real estate investors in Paris
The latest studies run by the ‘Chamber of Notaries in the Paris region’ show that 8.1% of real estate purchases in the French capital are currently made by foreign buyers. Among them, 5.2% already live in France, while 2.9% are non-residents.
Algerian and Chinese buyers find themselves at the top of the foreign investors list, acquiring 8% of Parisian properties. Italians and Americans represent 7% of those purchases and the British 6%.
The 4th arrondissement of Paris seems to be the most popular, with 17% of these foreign buyers choosing it. 16% of them invest in the 3rd arrondissement and 4.9% in the 12th arrondissement.
For the last 10 years, foreign buyer investments in the French capital have declined, despite their importance to the overall Parisian real estate market.
Foreign buyers are actually not that foreign to the country: even if almost 10 out of 100 investors are not French nationals, 9 of them already live in France (and more specifically ‘Île-de France’), while only 1 lives abroad.
That being said, the Parisian real estate market remains very appealing for buyers from all around the world, despite the observable decline of foreign buyer acquisitions.
Even with less of them, foreign buyers predominantly invest in luxury real estate, which has the benefit of revitalising this specific market.
As an example, British buyers spend an average of 635,000 euros for a property in the French capital. Italian and German buyers spend a bit less with an average of 400,000 euros to acquire a property in the City of Lights.