In the French papers
Le Nouvel Observateur
New-build property sales have increased more than anticipated in 2016, reaching 133,600 sales, according to the Constructeurs et Aménageurs de la Fédération Française du Bâtiment. This represents an increase of 19.5% compared to 2015 and sales have been particularly high in the western departments of France.
Some British businesses have said they will relocate to European cities as a result of the Brexit negotiations starting, but that their first choice wasn’t necessarily Paris. A study by Movinga, an online platform assisting with moving to Europe, showed that British banking businesses would rather relocate to Dublin, Amsterdam or La Valette in Malta while Paris was only in ninth position of preferred relocations for banks. Start-ups also shied away from Paris, in 11th place on the start-ups businesses’ preference chart, with Berlin, Warsaw and Budapest favoured in that order.
A luxurious villa on the French Riviera has been put on the market for €90m. The spectacular Belle Epoque property is located at Roquebrune-cap-martin and offers 850m2 of living space set on 4,000m2 of exotic landscaped gardens that stretch all the way down to the sea.
The online sales platform Leboncoin.fr has seen its immobilier category increase the number of property listings to reach 1.4 million properties for sale in 2017. It claims to receive 9.3 million visitors to this section of the website alone and is leading the online market, overtaking competitors such as Superimmo.com, Seloger.com and Logic-immo.com.
Airbnb has suggested limiting bookings to 120 nights a year in Paris in a bid to limit the number of nights owners let their property out. The suggestion comes from Airbnb France’s managing director, Emmanuel Marill who took up the position in September last year. He claims, however, that on average, a Parisian host will let out their home 33 nights a year.
The French government earned €574m last year by selling properties it owned. A total of 920 government-owned properties were sold last year to property developers, communities or private investors. Although most of these buildings are disused offices, apartment blocks or plots of land, some assets are more unusual. Examples include an ancient prison in Grasse sold for €500,000, an old fort in Manche sold for about €100,000 and even a tiny 17m2 chapel in Deux-sèvres sold for €400.