In the French pa­pers

French Property News - - News -

Les Echos

Ar­chi­tect Do­minique Per­rault has re­vealed plans to trans­form the Ile de la Cité in the heart of Paris. The project hopes to at­tract more life to the is­land which is largely used for ad­min­is­tra­tive pur­poses and vis­ited by tourists but will not be fin­ished un­til 2040. Works will in­clude a glass fore­court in front of Notre-dame to re­veal arche­o­log­i­cal re­mains and two new foot­bridges link­ing the is­land to the banks.

Le Parisien

A law­suit filed by own­ers of an apart­ment be­ing rented out through Airbnb in Val-de-marne was dis­missed. The cou­ple wanted to evict their tenants for sub-let­ting the prop­erty with­out their con­sent and de­manded the earn­ings the tenants made through Airbnb be re­im­bursed to them. In­stead, the court ruled that the own­ers had to pay the tenants' court costs amount­ing to €1,000.

Le Monde

France’s Cour des Comptes (Court of Au­di­tors) be­lieves the rev­enue cap for ap­ply­ing for so­cial hous­ing is still too high. It sug­gested a se­ries of mea­sures in­clud­ing set­ting fixed-term rental con­tracts in the ar­eas where de­mand sur­passes sup­ply for HLM (rent-con­trolled hous­ing) in or­der to cre­ate more flu­id­ity in the mar­ket.

Le Fi­garo

The na­tional sta­tis­tics agency INSEE has looked at the evo­lu­tion of the last 30 years of hous­ing in France. It found that French cit­i­zens have gained an av­er­age 9m2 of liv­ing space and more com­fort­able homes. How­ever, ac­cess to prop­erty own­er­ship has re­duced while in­equal­i­ties be­tween own­ers and tenants have in­creased.

Paris re­mains the fifth most at­trac­tive city for in­ter­na­tional in­vestors in the world, ac­cord­ing to a poll con­ducted by an as­so­ci­a­tion stem­ming from the Paris Cham­ber of Com­merce. The poll mea­sured the num­ber of job-cre­at­ing in­ter­na­tional in­vest­ments that ci­ties ben­e­fited from be­tween Oc­to­ber 2015 and Septem­ber 2016. Lon­don came first, fol­lowed by Shang­hai, Hong-kong, New-york and Paris.

L’ex­press

A sur­vey has re­vealed Nantes as the best city in France to work in. The poll looked at cri­te­ria such as low un­em­ploy­ment rate, good trans­port con­nec­tions, low poverty rate and a strong pres­ence of re­searchers or ex­ec­u­tives. Nantes, Bordeaux, Lille and Lyon came top while the sur­vey also found that Angers, Li­mo­ges, Di­jon and Cler­mont-fer­rand were great ci­ties to live in.

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