Why Invest in Real Estate in Paris?
Many European capitals have been major trading towns for centuries. Today, their large populations and thriving business and tourism sectors, make them prime for real estate investment. The famous French capital, Paris, is highly accessible by train, plane and road. If you visit regularly as an investor—and/or as a tourist—the most time-efficient way to travel is by private plane. So, let’s look at what Paris has to offer investors, and which airports to use if you fly privately to Paris.
Paris: Culture, Cuisine, History and High Fashion
Paris attracts over 30 million tourists a year. It’s home to no less than 126 Michelin-starred restaurants, and some of the world’s most famous attractions:
- Museums, including the Louvre, Marmottan-Claude Monet Museum, Centre Pompidou, and Paris National Natural History Museum
- Notre Dame Cathedral, a gothic masterpiece offering great views over Paris
- The 1,000ft Eiffel Tower, a French Revolution memorial built for the 1889 World’s Fair
- The beautiful Seine River
Paris is equally famous for its fashion and perfumery. You’ll find big-name designer brands here such as Chanel, Cartier, Louis Vuitton, Givenchy, Christian Louboutin, Pierre Cardin, Christian Dior, and Chloé.
Parisian High-Flyers—in the Air and In Business
The Paris International Air Show is the world’s largest and oldest aerospace trade show. Held at the Le Bourget Airport, it attracts over 360,000 visitors for both business and pleasure. Airbus and Dassault are just two of the big aeronautic companies with premises in the Paris region.
Paris is also home to the highest number of Fortune 500 company headquarters in Europe, and 5 of the Top 15 European Business Schools. Its thriving R&D and innovation sectors attract both start-ups and established businesses looking to expand.
Real Estate in Paris: A Solid Investment
Paris is a bustling hub for both business and tourism, and the most populous city in France. While property prices are high, so is rental yield and demand, making real estate here a safe, solid investment.
If you’re intending to live in your property for at least part of the year, experts recommend prestigious areas guaranteed to gain in value. Examples are:
- the Golden Triangle (around Champs-Elysées)
- the 3rd arrondissement (home to famous art galleries)
- the 4th arrondissement (including historical neighborhoods such as Notre-Dame)
- the 6th arrondissement (encompassing the city’s trendiest areas)
- the 7th arrondissement (home to iconic landmarks, e.g., the Eiffel Tower)
- the 16th arrondissement (featuring prestigious properties on peaceful streets)
Those looking purely for buy-to-let investments should consider popular but more reasonably-priced areas, such as the 9th, 10th, 15th, 18th, and 19th arrondissements.
Fly Privately to Paris
Flying privately to Paris for your real estate search is both time and cost-efficient. Chartering a jet by private jet charter broker means setting your own schedule. It also gives you access to dozens of airports not served by airlines, both for departure and arrival. The result? More direct trips, reduced transfers, and no unnecessary hotel stays while you wait for flights. If you fly private regularly or expect to in the future, consider a jet card membership. Private jet cards usually guarantee rapid access to the category of plane you require at a great price, offering even greater convenience.
Private jet travel gives you access to three airports within 10 miles of Paris. Le Bourget Airport (9 miles away) is most popular for private flyers, but Paris Issy Les Moulineaux and Orly Airport are also available. Charles De Gaulle International (CDG), the main airport, is 14 miles away.