Paris 8th - Paris - Paris 4th

Nestled in the heart of Paris, the 1st arrondissement is brimming with history, charm, and must-visit historical sites such as the Louvre, the Royal Palace, and the Forum des Halles. Renowned for its prime location and proximity to the Seine, this district provides instant access to the best of Parisian life.

The Exclusive Real Estate Market in Paris 1st

The real estate market in the 1st arrondissement of Paris is considered solid and stable, offering a wide range of luxury houses and high-end apartments. Demand is strong, with supply struggling to keep pace, making this neighborhood highly sought after.

Politics and Economy in Paris 1st

Paris 1st enjoys a stable political and economic situation, which reassures potential buyers. The well-developed infrastructure, numerous public services, and high employment rate help maintain this stable environment.

Real Estate Purchase Costs in Paris 1st

Purchasing a luxury home in Paris 1st involves various costs, in addition to the purchase price. Notary fees, transfer duties, real estate agent commissions, and potentially, building inspection costs and legal fees must be taken into account. A real estate agent's commission is usually around 5% of the sale price, shared between the seller and the buyer. The transfer duty amounts to approximately 5.8% of the purchase price. There is also the Real Estate Wealth Tax (IFI), which applies if your net real estate assets exceed 1.3 million euros, as well as various taxes on capital gains made when selling real estate.

Mortgages in Paris 1st

To obtain a mortgage in Paris 1st, a borrower usually needs to provide a personal contribution of at least 10% to 20% of the property purchase price. The loan ceiling depends on the purchase price of the property, the debt ratio, and the borrower's financial situation.

Life in Paris 1st

Paris 1st is a lively district, offering a cascade of options for outdoor activities and sports. It also abounds with luxury boutiques, Michelin-starred restaurants, renowned hotels, and exclusive nightclubs. In terms of nature, Paris 1st offers green beauty in parks like the Jardins du Palais Royal and the Jardin des Tuileries. The district is also famous for its annual cultural events, museums, theaters, and art galleries, attracting millions of visitors from around the world each year.

Infrastructure and Amenities in Paris 1st

Paris 1st has excellent infrastructure, with easy access to highways, trains, and airports. This district is served by several metro stations and is accessible from the major train stations of Paris. The area's main educational institutions, hospitals, and clinics are renowned for their superior quality. In conclusion, life in Paris 1st offers a wealth of history, luxury, and exclusivity - a combination that makes it an attractive and sought-after real estate market.