Prime property in Paris recorded the strongest price growth of all the cities monitored within the Knight Frank Prime Global Cities Index: its prices rose by 22.2% in the year to March 2011.
(PRWEB) May 10, 2012
According to Knight Frank’s Prime Global Cities Index, Paris properties recorded price rises of 22.2% in the year to March 2011. The current undersupply of Paris apartments for sale and growing interest from international investors has helped drive prices up, and has created a new demand for new property for sale in the city.
Outperforming all other cities monitored in the report, the property market in Paris has shown resilience throughout the global economic downturn, with experts from Knight Frank praising the city’s performance.
“In Paris’s case, its strong performance can be attributed to burgeoning demand set against a backdrop of tight supply. Investors from the BRIC nations are increasingly looking to Paris as a safe haven to invest funds in a mature and high-performing market. Like London, supply is hindered by a paucity of new-build developments as the proportion of units allocated to social housing often makes luxury new developments unviable: the simple fact is that, with a few infill exceptions, the opportunity to build ‘another Eaton Square’ is almost non-existent,” Liam Bailey, Head of Residential Research at Knight Frank, commented.
Just launched by London-based property agent, Experience International, a new range of 5* Paris apartments for sale are now available, enabling investors to enter the city’s high-yielding property market.
This new 5* residence offers an exceptional location in the 4th arrondissement, directly on the River Seine. The apartments are located between Notre Dame, Ile Saint Louis and the Place de la Bastille just a few minutes’ walk from the famous "Marais" district.
The new-build, river front development consists of Studio, 1, 2, 3 and 4 bed luxury apartments and will feature a large internal garden with trees, green spaces and a wide range of aromatic plants.
Experience International can also offer investors finance up to 85% - subject to status - which will provide investors with a low entry level into these Paris apartments for sale.
Experience International also has a wide range of high yielding French leaseback properties in a number of sought after areas in France. A popular choice for international investors, French leaseback properties are back by the government and offer investors a hassle-free way to invest in overseas property.
For more information about these rare Paris apartments for sale, please contact Experience International on 0207 321 5858 or email enquiries(at)experience-international(dot)co(dot)uk.