A nest of arts, fashion, and history, the 16th district of Paris is a gem among the roughs of the French capital. Anchored at the heart of the City of Lights, this district displays a prestige unique to its rich history, privileged location, and emblematic monuments such as the Palais de Chaillot.
The Exclusive Real Estate Market in Paris 16th
Today, the luxury real estate market in the 16th district remains stable, thanks to a steady interest in this emblematic part of Paris. The demand, although strong compared to other districts of the city, is balanced by a consistent offer of exclusive properties.
The Political and Economic Situation
The political and economic stability of Paris 16th reflects that of the French capital as a whole.
Real Estate Fees and Taxes
Purchasing a luxury home in Paris 16th involves additional costs, notably the transfer duty (approximately 8.5% of the sale price), notary fees, construction inspection fees, and legal fees. Wealth tax on the private ownership of a house in the 16th district varies depending on the value of the property and the overall assets of the buyer.
Mortgage Loan and Income Requirements
The general requirements for securing a mortgage loan for the purchase of a house in Paris 16th include a personal contribution of at least 10% of the property price and a debt ceiling of 33% of income.
Prestigious Residential Districts of Paris 16th
The Auteuil and La Muette districts are among the most sought after for their town houses and luxury apartments.
Accessibility and Proximity
Paris 16th is accessible by several roads and metro lines and is near Roissy-Charles-de-Gaulle and Orly airports. It's located in Paris itself and is at the heart of various city attractions.
Education and Nearby Institutions
Paris 16th is home to several renowned private schools such as the Institut de l'Assomption and prestigious universities like the Paris-Dauphine University.
The Living Environment in Paris 16th
The district is known for its quality of life. Between the Trocadéro gardens, the Auteuil racecourse and the luxury shops on Avenue Victor Hugo, the 16th offers a unique living setting to its residents.
Paris 16th: A District Rich in History and Culture
Finally, in the 16th you can visit several museums such as the Palais de Tokyo, the Palais Galliera, or even the Marmottan Monet museum, renowned for its collection of Impressionist works.
With a high-quality infrastructure that includes reputed hospitals like the Clinique de la Muette, and a vibrant nightlife with establishments such as the Michelin-starred restaurant 'Le Pre Catelan', the 16th district is a must-visit destination for lovers of French luxury.