The period in the last five years has been marked by a rise in prices for apartments in Europe . So the price of one square meter in Paris has increased by 35-40%. Today this figure averages € 8,200. During the crisis period, the growth, although slightly reduced its turnover, but stopped. In 2009, the growth was 6%, in 2010 - 3%. Further growth did not stop and reached 10%.
Real estate in Paris has the second largest liquidity after the capital of Great Britain.
Paris is divided into 20 arrondissements, which are numbered in a spiral from the city center to the suburban areas. In each of the districts of Paris, the cost of one square meter is completely different. The most prestigious districts are considered to be from the first to the eighth (Louvre, Champs Elysees), where the average price is fixed at around € 10,200 per square meter. Also worth noting is the sixteenth arrondissement (Eiffel Tower) with a cost of one square meter € 8,800. It is in these areas that real estate in Paris has the highest value. The standard of living here is also much higher.
An apartment in the fifth arrondissement (Latin Quarter) with an area of 50 square meters with one bedroom is estimated at about half a million euros, that is, about € 10,000 per square meter. It is worth noting that the fifth district is considered a student district, since it is here that the famous Sorbonne is located. And for a potential investor, this area may be interesting not only for expats working in Paris, but also for students studying here.
French banks offer good conditions for buying real estate on credit, so there are good prospects for buying an apartment in Europe. Lenders give money at 3.5% per annum for a period of 25 years. At the same time, the loan amount cannot exceed an amount greater than 70% of the purchase price, that is, € 350,000. It is very important that the loan can be repaid ahead of schedule. No penalties apply. All the buyer needs is the amount of his own funds of € 150,000. About 10% of the amount will be needed to pay stamp duty, lawyer and notary services, and loan processing. Most of this amount will go to the notary. It is on him that the procedure for concluding a deal and responsibility for its legality lies.
Acquisition of real estate in Paris will be quite a profitable deal, and the money spent on its purchase will pay off in the shortest possible time.
