Real Estate

Real estate in Paris: Brexit Influence

It can be strange that Brexit has an influence on the price of real estate in Paris – but that’s true. France and Britain are neighbour countries, and many Frenchmen work in the Albion. And coming Brexit forces a lot of wealthy guest workers to go back to the homeland.

According to the research of  LPI-Se Loger, the Parisian suburb Neuilly-sur-Seine, located west of the French capital, has become the most expensive in the Ile-de-France region.

Rising cost of real estate in this commune, according to analysts, is due to the fact that it is close to the financial district La Defense, a good transport infrastructure (subway line), many green squares and parks, as well as spacious houses and apartments.

In the summer season, the price of one square meter of residential properties in Neuilly-sur-Seine averaged almost 10,500 Euros. Especially high prices are observed in prestigious old buildings, and the average cost of an apartment in this commune is about 750,000 Euros. And what is remarkable, here it is the highest per capita income around France.

In addition, a significant increase of prices for apartments is observed in other suburbs of Paris, such as Boulogne-Billancourt, Levallois-Perret and Issy-les-Moulineaux.

For questions about buying and renting apartments in Paris and suburbs, please contact Glamour Apartments real estate agency.

Photo: wikipedia.org