Paris 20th - Paris 3rd - Paris 4th

Nestled on the right bank of the Seine, the 12th district of Paris stands out for its historical richness, its emblematic sites such as the Bastille Opera and its appeal to lovers of culture and art. A former industrial and horticultural zone of Paris, the 12th district is now a dynamic mixture of residential neighborhoods, commercial zones and historical sites like the famous Place de la Bastille. Located to the east of the city, this district borders the 4th, 11th, 13th and 20th districts.

Real Estate Market in the 12th District of Paris

The real estate market in the 12th district of Paris is currently stable, with a constant demand for luxury real estate. However, the supply is not always adequate, mainly coming from the renovation of old character buildings. Therefore, purchasing a luxury house in the 12th district can be a competitive affair.

Additional Costs When Purchasing a Property

When buying a luxury house in Paris 12th, one must take into account additional costs such as transfer duty (6%), real estate agent commissions (usually between 3% to 5%), notary fees and possible building inspection costs or legal fees.

Tax Issues

Property owners in Paris 12th must also consider the real estate wealth tax (IFI), which can vary depending on the taxable net value of their property. However, there is no tax on the profit made when selling a main residence, as opposed to secondary residences which are subject to a capital gains tax. Residents of Paris 12th are also subject to income tax, the rate of which varies according to their income.

Accessibility and Location

Paris 12th is well served by public transport, including the subway, several bus lines and two main stations: Gare de Lyon and Gare de Bercy. The nearest major city is Paris itself with easy access to its numerous attractions and amenities. Charles de Gaulle and Orly airports are also easily accessible.

Life in the 12th District of Paris

This district offers exceptional quality of life due to its many green spaces such as the Bois de Vincennes and the Coulée verte René-Dumont. It also offers a variety of luxury shops and dining establishments of French cuisine, complemented by excellent schools, making this district very attractive for families. Among the annual events, the Foire du Trône is a must-see. For more information about life in the 12th district of Paris and the local real estate market, feel free to contact us. Our deep knowledge of the area and our experience in the luxury real estate market allow us to provide a personalized and high-quality service.