Nestled in the urban fabric of the City of Light, the 14th arrondissement of Paris offers a harmonious blend of historical heritage and modern lifestyle. Lauded for its strategic location, it overlooks the Seine to the west and brushes the lips of the Parisian circular highway to the east. With its architectural charm and green spaces, the 14th arrondissement embodies the Parisian way of life. Its heart beats between the iconic Latin Quarter and vibrant Montparnasse, tinged with the legacy of illustrious artists and intellectuals who lived there.
The luxury real estate market in Paris 14th
The exclusive real estate market in Paris 14th is currently stable. It benefits from high demand, mainly for luxury apartments. The political and economic stability of the region, combined with the cultural and historical appeal of the 14th arrondissement, contributes to this interest.
Costs associated with buying a luxury property
In France, the real estate commission, commonly called "agency fees", is generally borne by the seller and varies according to the selling price. In addition, the buyer should consider notary fees, transfer rights and potentially building inspection fees. The transfer right for private properties in Paris is 5.80%.
Taxes and Taxation in Paris 14th
The wealth tax in France, known as Real Estate Wealth Tax (IFI), is due when the net value of real estate wealth exceeds 1.3 million euros. For real estate properties used as the main residence, the capital gains tax is exempt under certain conditions. For a second home or a vacation property, on the other hand, the capital gain tax is due. The corporate tax rate in Paris is currently 28% for small businesses and 31% for large ones.
Obtaining a mortgage in Paris 14th
In France, the ratio between own capital and borrowed capital depends on several factors, including the borrower's financial situation and the amount of the loan. Generally, banks require a personal contribution of at least 10% of the purchase price.
Living in Paris 14th Arrondissement
The 14th arrondissement of Paris offers an exceptional quality of life, with sought-after residential neighborhoods such as Montparnasse and Parc Montsouris. It is easily accessible by road and rail, with several train stations and metro stations, including Gare Montparnasse. The 14th is also close to Roissy Charles de Gaulle and Orly airports.
Educational establishments, amenities and infrastructure in Paris 14th
The 14th arrondissement includes several reputable educational institutions, including Paris 1 Panthéon-Sorbonne University and Lycée Louis-le-Grand. Its public infrastructure is excellent, with quality hospitals such as the Cochin Hospital and Saint-Vincent de Paul Hospital.
Culture, Leisure and Environment in Paris 14th
The 14th arrondissement offers a rich cultural life and varied leisure options, from luxury shopping in the boutiques on rue de Rennes to gourmet dining in Michelin-starred restaurants. Art lovers will appreciate the proximity of the Fondation Cartier for contemporary art and the Bourdelle Museum. Finally, this neighborhood promises a vibrant local life, rocked by the rhythm of annual events such as the Fête de la Musique or Nuit Blanche.