Le Fi­garo

French Property News - - News -

Parisian apart­ment own­ers are ea­gerly look­ing for­ward to the 2024 Olympic Games be­ing held in the French cap­i­tal. Pre­vi­ous Olympics have seen ho­tel room prices soar (to €401 on av­er­age in Lon­don and €176 in Rio). While Lon­don banned res­i­dents from putting their prop­er­ties on Airbnb for the Games, Rio em­braced the peer-to-peer rental plat­form as the of­fi­cial host of the city. It ap­pears Paris of­fi­cials will also al­low peo­ple to rent out their flats through Airbnb and res­i­dents have al­ready taken to Twit­ter to post their list­ings, of­ten at ex­tor­tion­ate prices. The Olympic Games might also have an im­pact on the hous­ing mar­ket and prices are ex­pected to rise as in­fras­truc­ture and public trans­port are mod­ernised. In Paris, a prop­erty de­vel­oper has come up with a pro­ject en­abling own­ers to man­age their homes re­motely through smart­phones. Lo­cated in the 14th ar­rondisse­ment, the de­vel­op­ment should be com­pleted by mid 2018 and will boast a mod­ern-look­ing façade with a pleas­ant in­te­rior garden. Own­ers will be given ac­cess to a sys­tem called Smart Home which will al­low peo­ple to con­trol any elec­tri­cal equip­ment in their home from a dis­tance. It is hoped the sys­tem will help house­holds bet­ter con­trol their en­ergy use and there­fore re­duce bills.

Mont­martre, Paris

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