Paris 3rd - Paris 4th - Paris

Nestled in the east of the City of Lights, Paris 20th is a district that breathes history and culture with a refined blend of modernity. Rich in a sumptuous historical past, it hosts in its heart the Père-Lachaise cemetery where a cultural and artistic elite rests. Paris 20th, adorned with historical relics, is located in the east of the French capital, giving easy access to other parts of the city and country.

Luxury Real Estate Brand in Paris 20th

The 20th district of Paris houses a solid real estate market, thanks to neighborhoods such as Belleville and Ménilmontant which are highly sought after for their luxury homes and apartments. Demand balances well with supply, evidencing a stable market.

Politics and Real Estate Commission

The current political situation in Paris 20th is stable and supports a flourishing economy. Real estate commissions in Paris are negotiable, but on average, the buyer will have to pay between 3 to 8% of the sale price of the property, while sellers will have to pay between 5 to 10%.

Additional Costs and Taxes

Purchasing a property in Paris 20th incurs additional costs such as the transfer tax, real estate agent commissions, notary fees, and possibly legal fees or building inspection costs. These costs vary but can represent between 7 to 10% of the sale price. The transfer tax in Paris is about 5.8%. The real estate wealth tax (IFI) depends on the net value of the real estate assets and can go up to 1.5%.

Taxes on Profits Made

Regarding tax on the profit made from the sale of private real estate, there are exemptions for primary residences. However, for the sale of a second residence, the tax rate can vary depending on the amount of profit made and the length of time the property was owned.

Residential Neighborhoods and Accessibility

Taking into account accessibility, Paris 20th is well served by the public transportation network, including buses, metros, and trains. The neighborhoods of Belleville and Ménilmontant are particularly sought after for their distinct charm.

Schools and Institutions

Among renowned educational institutions, the district hosts Lesage College, Belleville Elementary School, and the New Sorbonne University - Paris 3.

Province and Population

Paris 20th is located in the Île-de-France region with a population of over 200,000 inhabitants. With its green parks like the Parc de Belleville, it offers a soothing atmosphere on the edge of Parisian hustle and bustle.

Luxury Shops and Hotels

Paris 20th hosts a number of luxury boutiques, quality hotels, and renowned restaurants, adding a touch of elegance to the district. The Pavillon de la Tourelle is an outstanding example of an exclusive place to stay.

Cultural Life

The district is rich in culture with various historical and sporting events taking place throughout the year. It also houses prestigious museums such as the Edith Piaf Museum and theaters such as the National Theater of La Colline.

Amenities

The 20th district of Paris has excellent public infrastructure, with easy access to hospitals, schools, parks, and various other services. Tenon Hospital is one of the reference hospitals nearby.