Almost one of ten home buyers in Paris and its surroundings is a foreigner. According to the real estate agency BIEN, such an influx has not been fixed in the last 15 years! Palm of victory in the Ile-de-France region belongs to foreign investors from Italy, followed by immigrants from China, Algeria and Portugal, says the ee24.com, citing to The Local.
French analysts have pointed out that the increase in the number of transactions made with foreigners in Paris was caused by the outflow of local buyers, who have been turning away from investment in the French capital. In general, the share of foreign investors in Île-de-France, including Paris and its suburbs, was 9.2%, while in Paris it was 8.3%; in the city center with its the most expensive real estate – 11.2%, and the lowest figure was fixed in the suburbs – 7.5%. For comparison, 4 years ago, the share of foreigners in the real estate market in the Ile-de-France was 6.3% of the total number of property transactions.
Suburbs are chosen by the Portuguese (29% of transactions), the Chinese who settle in the center of Paris (22.2%) and the Italians who dominate in the total number of transactions in the capital of France (17% of all transactions with foreigners in the region). About 90% of immigrants who have bought a house in Paris, with its "square" cost exceeding €8,000, had been already living in the Ile-de-France region before the purchase.
It is noteworthy that in the whole France the major players are citizens of the United States. In the first half of 2014 the share of American investors, according to Savills, accounted 51% of the total number of real estate investors in the Republic, while the share of the French decreased from 65% in 2013 to 49% in 2014.