Located in the heart of Paris, the 4th arrondissement is a historic district rich in cultural and architectural heritage. Bordered by the Seine and known for housing the famous Notre-Dame de Paris Cathedral and the Pompidou Center, the district offers a sophisticated Parisian life to residents and visitors. Its ideal location provides quick access to all other districts of Paris, making this mainly residential area highly sought after.
Exclusive Real Estate Market in the 4th Arrondissement of Paris
The current real estate market in the 4th arrondissement of Paris is generally strong and stable, thanks to the high demand for luxury real estate and the limited supply. This prestigious district attracts many wealthy residents with its blend of history, culture, and sophisticated urban life.
Cost of Buying a Luxury House in the 4th Arrondissement
Considering additional costs such as transfer duty, real estate agent commissions, legal fees, and possible construction inspection costs or legal fees, purchasing luxury real estate in the 4th arrondissement of Paris can be significantly more expensive than the initial purchase price. The average real estate commission rate for buyers and sellers generally hovers around 5%. In France, transfer duty is usually 5.80%.
Taxes and Mortgages
In France, the income tax rate varies depending on income, generally ranging from 14% to 45%. The wealth tax, which pertains to private home ownership in the 4th arrondissement of Paris, was replaced in 2018 by the Real Estate Wealth Tax (IFI), whose rate ranges from 0.50% to 1.50% depending on the net value of the real estate. Banks in France usually offer their clients the opportunity to borrow up to 80% of the purchase price of the property.
Most Sought After Areas
Le Marais is the most sought-after district of the 4th arrondissement of Paris, with its magnificent mansions and unique charm. The Îles de la Cité and Saint-Louis are also highly prized for their luxury residences.
Access and Amenities
The 4th arrondissement of Paris is ideally located for easy access by road and rail, and it is well served by several metro and bus lines. The district has many leading educational institutions, such as the Massillon school and the Charlemagne high school. In terms of health, the Hôtel-Dieu is the main hospital in the district.
For exclusive nightlife and entertainment, the district provides a variety of well-known and quality restaurants, such as the Michelin-starred restaurant "Le Sergent Recruteur", and exclusive jazz clubs like "Duc des Lombards". The district is also revered for its luxury boutiques and offers a multitude of cultural and sporting activities, mainly due to the proximity of the Pompidou Centre, various theatres and art galleries.
In summary, the 4th arrondissement of Paris is a privileged place of residence for those seeking to enjoy the benefits of refined urban living.