The City of Light
by Sophia Delacotte
French Real Estate Agent in Silicon Valley
Paris needs no introduction.
Paris, also known as the City of Light, is one of the world's leading tourist destinations, a global historical and World Heritage landmark with over 1,800 monuments, one of the world's largest economic center (GDP in excess of $850bn) and one of the largest populated cities in Europe (with over 12m residents).
Beyond any doubt, Paris is the number #1 romantic capital of the world. Celebrated throughout history, in all forms of art and media (songs, books, art, sculptures, etc), Paris has countless spots (plaza, gardens, bars, restaurants, bridges, museums, etc) for lovers of all ages and all countries. To some extent, just being in Paris is probably the most romantic thing to do for many couples around the world.
Famous Paris landmarks include the Gardens of Luxembourg, the Eiffel Tower, Montmartre and the Church of the Sacred Heart, The Opera House, The Concorde Plaza, The Arc de Triomphe and the Champs Elysees to name just a few.
Paris is also the capital of Fashion, home to some of the top luxury brands in the world (Hermes, Louis Vuitton, Dior, etc) and a shopper's dream come true with its world famous department stores (Printemps, Galeries Lafayette, Bon Marche, BHV).
Paris Real Estate Market is very regulated and constantly evolving. Housing inventory is hugely diversified, ranging from charming medieval flats (in the historical center of Paris along the river Seine) to ultra-modern condos and penthouses, students housing, charming homes nested in back alleys, large mansions with gardens in the posh 16th arrondissement, dome-shaped flats on top of the many buildings erected by Baron Haussman, etc. Paris is also one the most dynamic markets in the world for commercial real estate and retail inventory.
Investing in Real Estate in Paris requires careful preparation and time given the breadth of choices available to individual and institutional real estate investors.
Owning a home in Paris is like owning a piece of a never-ending romantic dream in which all senses are constantly solicited by the many pleasure the City of Light has to offer.