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Real estate: Americans back in Paris

2022-11-24T18:57:22.057Z

DECRYPTION - Foreign buyers boost sales. And, for the French, Parisian stone is a safe haven.



It's the end of the disenchantment with Paris.

The Covid effect, which had lowered sales in the capital, considered too dense by many households, is fading.

Buyers of all kinds have been back in the City of Light for a few months.

And this comeback takes, against all expectations, an unprecedented scale.

In one year (from October 1, 2021 to September 30, 2022), 40,860 housing units changed hands in the capital (+ 9% over one year), according to the Paris Chamber of Notaries.

This is 20% more than the average of the last ten years.

"We had never reached such volumes,"

confirms Thierry Delesalle, spokesperson for the Paris Chamber of Notaries.

This return to better fortune is surprising.

Clouds have been gathering for several months on the real estate market.

The cost of credit has more than doubled in one year, to reach 2.2% over twenty years.

Above all, buyers are more and more often blocked by the usury ceiling (the all-inclusive rate - credit, insurance, etc.)

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Source: lefigaro

All business articles on 2022-11-24

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