Paris 4th - Paris 3rd - Paris 1st

Paris, the capital of France, is a city rich in history and culture, often referred to as the "City of Light." Its strategic geographic location along the banks of the Seine has made it a major cultural and economic center for centuries. The city is home to iconic historical sites such as the Eiffel Tower, Notre-Dame Cathedral, and the Louvre, which attract millions of visitors each year. Paris is also known for its grand boulevards, lush gardens, and unique architectural heritage, harmoniously blending past and modernity.

The Exclusive Real Estate Market in Paris

The exclusive real estate market in Paris is currently strong, with demand exceeding the supply of luxury homes and apartments. Neighborhoods like the 7th arrondissement (around Saint-Germain-des-Prés), the Marais, and Île Saint-Louis are particularly sought after for their timeless charm and proximity to the city's legendary sites. The political and economic situation in Paris is stable, making it a favorable environment for real estate investment.

Costs and Commissions

When purchasing a luxury home in Paris, several additional costs must be considered. Transfer duties generally amount to about 5.8% of the purchase price. Notary fees typically range between 7 and 8% of the transaction price for older properties. Real estate commissions vary, but the buyer does not pay these directly in France; it is generally the sellers who pay a commission of around 5 to 6% of the sale price. Additionally, it is wise to budget for building inspections and potentially additional legal fees.

Taxes and Financing

The real estate wealth tax (IFI) applies to properties exceeding 1.3 million euros in net value. Regarding taxation on sales, there is no tax on profit for a primary residence, but the sale of a secondary residence is subject to capital gains tax. The requirements for obtaining a mortgage in Paris generally include an initial down payment of 20% of the purchase price and proof of stable income. The maximum mortgage amount is often limited to 80% of the property's value.

Luxury Lifestyle in Paris

Paris offers an unparalleled luxury lifestyle, with a range of cultural and social activities from excursions to world-renowned museums like the Louvre and the Musée d'Orsay to theatrical performances in iconic venues such as the Opéra Garnier. Shopping enthusiasts will find delight in the luxury boutiques of Avenue Montaigne and the Champs-Élysées. On the culinary side, starred restaurants like Jules Verne and Le Meurice offer an unforgettable dining experience, while the famous Parisian nightlife shines in exclusive venues like the Crazy Horse and the Lido.

Accessibility and Education

Paris boasts excellent connectivity thanks to its fast TGV rail network and international airports Charles de Gaulle and Orly, located approximately 30 and 20 kilometers from the city center, respectively. The city is also home to prestigious educational institutions such as the Sorbonne University and Sciences Po, attracting students from around the world. Exploring luxury in Paris means living in the heart of a city where the French art of living prevails, surrounded by modern comfort and a rich and vibrant heritage.