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Real estate: these bankers from London who boosted prices in the West of Paris

2023-06-07T09:33:06.837Z

Highlights: Nearly 5500 bankers have landed in Paris in recent years, major Anglo-Saxon banks having strengthened their presence in the French capital. Morgan Stanley announced in May its intention to reach 500 employees in Paris by 2025, 200 more jobs than today. Some bankers, who had been renting since their arrival in Paris to see if the neighborhood suited them, are now looking to buy. "In general, they are looking for beauty," summarizes Olivia Castaing at the head of a Junot agency in the 16th arrondissement.


Following Brexit, 5500 financial professionals settled in Paris. These clients with big budgets favor green spaces and proximity to the best schools.


The Brexit effect continues to drive the real estate market in the chic districts of the capital. Nearly 5500 bankers have landed in Paris in recent years, major Anglo-Saxon banks having strengthened their presence in the French capital (JP Morgan, Bank Of America, Citi, Goldman Sachs ...). And if the phenomenon has slowed down in recent months, it has not died out. Morgan Stanley announced in May its intention to reach 500 employees in Paris by 2025, 200 more jobs than today. In addition, some bankers, who had been renting since their arrival in Paris to see if the neighborhood suited them, are now looking to buy.

These newcomers are demanding customers with strong purchasing power. "In general, they are looking for beauty," summarizes Olivia Castaing at the head of a Junot agency in the 16th arrondissement, which has just sold a large family home in the 16th arrondissement to a Frenchman who has left the City. An apartment of 270 m2, located...

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Source: lefigaro

All news articles on 2023-06-07

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