Paris with its rich heritage is not only attracting travelers, but it has caught the eyes of the investors as well. According to an earlier report by propertywire.com, "Overseas investors are regarding Paris as having highly competitive real estate prices due to the weaker Euro."
Paris comes second to London as Europe's most eye-catching destination for Foreign Direct Investment with 66.7 percent of the Paris property presently held by overseas investors. Paris has kept the pace and maintained its growth despite the economic turmoil. According to a recent report by adrianleeds.com, "The Paris real estate market is already up dramatically over the last few years and is still healthy."
Paris features a rich and diverse history, a neoclassical architecture and Haussmannian- style apartments that adds charm and appeal. Its rich culture, and its reputation for intellectualism and abundance of beautiful homes make Paris a world class city to live and invest in. Another standout feature of this city are the excellent international schools, a solid infrastructure and excellent transport network as stated in a report by propertywire.com.
Although London comes as the first choice for foreign investment, it seems that Paris is catching up real quick. Sometimes, people forget the economic role that this nation presents. According to a previous report by propertywire.com, "France is the world's fifth largest economy and investors will always be attracted by the Paris property market's incredible resilience."
Given the many options, it is not a wonder that Paris is attracting foreign investors. In comparison with London, Paris is more stable based on a report by propertywire.com, "Overall property prices in Paris and London have consistently increased but growth in some part of London has been regarded as unsustainable and indeed prices in some locations are static or even falling." Based on a comparison data report by propertywire.com, "Comparing the per square foot prices of the same London and Paris districts, the report found that despite similar price growth, Notting Hill apartments were almost twice as expensive as those in the 3rd arrondissement."
