Paris pad buyer sees the chic behind the shambles
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.