Welcome to Boroughs & Burbs episode #115, where we embark on an exploration of the alluring French real estate scene. As Oscar Wilde quipped, "When good Americans die, they go to Paris." Today, however, Americans aren't waiting for the afterlife; they're seizing the opportunity amidst historically low 4% interest rates to invest in the romance and culture of Paris.
In this episode, we'll dive into key facets of the French real estate landscape:
1. Size Matters: Discover why the French real estate market is smaller than you might think and what that means for investors.
2. The Opaque Industry: Learn about the inherent opaqueness of the French real estate industry. With no addresses on ads and limited reliable research options without an agent, understanding the market requires expertise.
3. Financing Challenges: Explore how financing in France operates at lower rates but based on criteria that Americans might find challenging.
4. French Castles: Delve into the market for French castles, where the demand for projects has seen a decrease of 8% in a market that consistently rises by 6% year over year.
5. New Construction: Uncover the world of new construction in France. Unlike the bustling scenes of New York and London, there's less of it in Paris, and this trend isn't expected to change. We'll also take a close look at a unique project converting an old Renault garage into something extraordinary.
Join our esteemed guests, Alison Ashby and Roddy Aris, as we navigate the intriguing French real estate landscape on Boroughs & Burbs. Whether you're dreaming of a pied-à-terre in the City of Light or curious about the nuances of the market, this episode promises to illuminate the path to success in French real estate.