Paris pad buyer sees the chic be­hind the sham­bles

French Property News - - News -

It is a truth uni­ver­sally ac­knowl­edged by all es­tate agents that your home won’t sell if it is full of clut­ter. Un­less, that is, your home is in ul­tra-de­sir­able Paris in which case it’s more im­por­tant that the price is right. Com­pe­ti­tion for an af­ford­able abode in the French cap­i­tal is so in­tense that this apart­ment was snapped up in less than three weeks de­spite the far-from­fan­tasy pho­tos.

The buy­ers ob­vi­ously looked beyond the messy may­hem and no­ticed the light-filled rooms, the high ceil­ings and the el­e­gant cor­nic­ing. But doubtlessly, they also no­ticed the pric­etag of €630,000 for 70m2 of liv­ing space, which is not bad at all for the hip Batig­nolles neigh­bour­hood in the 17th ar­rondisse­ment, close to Mont­martre.

Paris house prices have risen by 10% over the past five years, driven by soar­ing de­mand, and sell­ers typ­i­cally ac­cept no more than 3% off the ask­ing price, ac­cord­ing to re­search by prop­erty group Sel­oger.

Orpi Reussite Im­mo­bil­ière, the agency that han­dled this sale, ex­plained that the prop­erty lay empty for seven years after the owner in­her­ited it. Be­cause house clear­ances and re­fresh­ment works can be ex­pen­sive in the cap­i­tal, the agency tends to ad­vise sell­ers in such cases to leave the prop­erty as it is and sim­ply price it re­al­is­ti­cally.

“How­ever, the buy­ers are fully aware of the sit­u­a­tion and the seller is com­mit­ted to emp­ty­ing the apart­ment when con­tracts are signed,” ex­plained sales di­rec­tor David Madar.

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