Key Facts – Paris Market Update May 2020

The Future of Real Estate investment in Paris

Market News from our Paris partner

We have come through wars and recessions, shocks and crashes, economic upheaval and political unrest – and we have learnt a few lessons along the way.
OK, we don’t actually have a crystal ball so have to base our predictions on the information we do have at hand. Paris and the surrounding suburbs benefit from a robust economic triptych consisting of culture, luxury goods, education and tech + investment firms. This has historically helped to buffer the city’s real estate market from major economic downturns both short and long.

Opportunities | Coming Soon

We are excited to provide you with first access to properties we are bringing to market. A few of these are great income generating investments and all have prime locations with quick access to public transportation, universities and hospitals.
As real estate professionals, our business and way of effectively serving our clients and community has been impacted so we’re pivoting to ensure we continue to deliver the excellent service and information clients have come to expect from us, allowing you to continue making informed decisions during these times of uncertainty.
We know Paris very well and we’ve developed a keen understanding of the nuances of neighbourhoods, streets, buildings and the lifestyle afforded by the combination of those elements.

Market Movement | Short and Mid-term

We’ve been asked many times how has the market is responding from a listing/inventory perspective. As you likely know, Paris has been running on a short supply of quality inventory. In terms of deals and distressed sellers, we are unlikely to see this in Paris but as the saying goes, Cash is King, especially during economic downturns.

We feel the shortage of listings is going to be exacerbated in the near future.

We’re seeing a slow in new property coming to market as sellers feel out the new environment although not too many property have been withdrawn. The good news? People will need to sell, buy and rent in Paris regardless of the economic, social or financial situations.

The pace at which people rent, buy and sell may slow in the near-term as buyers are less likely to be out visiting properties.

We were on the cusp of the spring market as the pandemic was striking so there likely are properties that have postponed listing of which we cannot account for.

Delayed listings could result in an influx of inventory in a few months when the situation normalises.

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