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Both our tourist and our corporate clients are mainly interested in properties located in the heart of Paris, i.e. in the 1st to 8th districts. We have also noticed an increased interest on behalf of our corporate clients for areas of Western Paris (8th and 16th districts, and in the 17th near the Etoile). The priority for most tenants is to be near the major public transport network lines in and around the centre of Paris (i.e. near to RER lines, and metro lines 1 and 4, etc), which communicate with the main business districts and tourist attractions.
The most interesting investment properties (because they get the best return) are the smallest in their category - for example a 20 to 25m2 studio (no smaller than 17m2), or a 30 to 352 T2 - in order to optimise the return on investment (purchase price / average monthly rental income). These two categories are also the most in demand rental properties given our target market; they are popular in that they offer good value for money. We have relatively few 3 and 4 room apartments and these too are in quite high demand.
In order to optimise the purchase price with regards to the rental return, we advise that you buy at the best possible price in the areas sought after by our clients (1st to 8th districts). In fact, we have noticed some good value properties on offer in the 2nd and 3rd districts. If the investment is not urgent, don't hesitate to buy a property that needs renovating, which will allow you to provide a better level of fixtures and fittings for the short term furnished rental market. However, you will need to allow at least 6 months between signing the initial part of the sales contract and the first rental contract (allowing for signing the final part of the sales contract, renovation work, interior fit-out and furnishing, and setting up the rental contract with Parisian Home).
We advise that you avoid purchasing a property higher than on the 3rd floor without a lift, and we recommend purchasing a property that is light, calm, and without any neighbourhood problems, in a well presented building, with a well designed room layout for optimal fit-out.
Make sure to optimise the number of beds and to allow for a very high quality sofa bed in the living room (160cm wide, if at all possible). The net income paid to the owner will be directly linked to the square metres and the number of people the apartment can accommodate. We will happily provide an "Inventory" , which summarises the list of fixtures and fittings advisable or obligatory when furnishing a rental apartment.
The high level of fit-out and interior design is an important factor in the success of our apartments. The photos on our website are our main selling tool. Modern furniture is most popular but other styles are welcome as long as it is in keeping with the style of the neighbourhood, the building and the apartment.
In order to best understand your investment goals, it is helpful for us to classify your investment criteria in order of priority: Occasional personal use (number of weeks per year)? Capital investment (for future inheritance / long term capital gain potential)? Financial return (income priority)? Tax optimisation (LMNP or LMP status)? Details of your budget and how you will finance the purchase are also extremely useful in order to establish a loan schedule and to calculate the precise return on investment.