Buying a flat with a terrace: what are the trends in Paris?
Whether you are looking for a dual aspect penthouse, split-level apartment or upper floor flat, it is perfectly possible to find an exclusive flat with outdoor space - be it a terrace, balcony or garden - in Paris. In addition to internal design features and the usual criteria such as space, open view and prime location, having some outdoor space can quickly win over potential purchasers, helping to seal the deal.
Buying a flat with a full-width balcony, landscaped terrace or a garden property with a house-like feel, means you get to enjoy the outdoors from the comfort of your own home - a huge plus when compared to other properties. A plus that comes at a price. A property with outside space is generally more expensive than a property without. On average, it increases the value of flats by 8 to 10%.
According to a study carried out by MeilleursAgents, lock down has pushed up the price of properties with outdoor space by some 10%. Of course, the size of the outdoor space, its orientation and what floor it is on, all have an impact on the price, adding an extra 12% for a ground floor flat, 14% for a top floor and more than 30% for a 50 m2+ terrace.
How do you find a property with a terrace or garden?
If you want to find a flat with some outdoor space or a house with a garden in Paris, we recommend that you seek the assistance of experts. Our Engel & Völkers estate agents are specialists in this area and will be delighted to assist you in your search for a property with a garden or terrace.
Finding an old property with outdoor space may prove tricky because of the relative scarcity of this type of accommodation which can, in turn, really push up prices. And when it comes to a house with a garden, it is even more difficult as houses in Paris are very rare.
In addition to price, when visiting a property, you will need to check other details: in particular, its orientation, security, privacy, layout/fitting out potential, and whether or not you have exclusive use. Buyers should, in addition, look out for any potential problems, for example: is there access from the sitting room or bedrooms, is it a roof top space or, if at garden level, is there excessive or minimal noise nuisance from the street or neighbours? Is the outdoor space large enough to accommodate outdoor tables and chairs for entertaining? What flooring is used for the terrace (wood, tiles, turf etc.?) What are the anticipated maintenance costs of the outdoor area? These are the sort of questions to ask when buying a property with outdoor space so you can match the property to your search criteria and budget.
