Why Paris is the most expensive property in the world?
The most expensive property in the world is in Paris. Paris, New York, London, Hong Kong, Shanghai or Sydney, such as real estate prices in the back.
Paris, expensive investment properties, sparkling new skyscrapers and high-tech modern apartments, with 24-hour concerts was always one of the first choices of investors. Paris has often left the world’s most important cities back.
Paris, which is the center of luxury life, is preferred by most buyers looking for ied-terre.Buyers looking for a pied-à-terre in Paris can be surprised to find that high-end property looks so very different to what they are used to, says Roddy Aris, associate of international residential sales for Knight Frank. He is approached by international buyers with demands that just aren’t realistic.
“In London you can come in as a foreign investor wanting to buy a luxury apartment with park views, stipulating it must be a new build with concierge services. This has become a standard offering anywhere in London. In Paris, it doesn’t really exist. The concept of concierge doesn’t register in the French mentality. It is a completely different approach to buying in a global hub.”
Apart from these, the historical texture of Paris is one of the reasons why buyers prefer. “These stone buildings from the 17th to early 20th century are the landmark of Paris and if you want to live in the heart of Paris, you have almost no choice but a period building,“ said Hugues de La Morandière, director of Agence Varenne, Savills associates in Paris.
“There is very limited potential for development in central Paris because there is no land available for construction. Most of Paris was beautifully built with carved stone buildings between the end of the 19th century and before the Second World War.”
Sevdenur Demir / [email protected]