The French capital confirms itself as a growing market for French investors (expats and tax residents) and foreigners.

Presently more affordable that London and New York, which have undergone a property market boom with rising prices, today Paris offers a selection of properties with subdued prices.

In the luxury property space, the gap between the three capitals grows wider. While two to three years ago Paris was on a par with Manhattan, today the situation has changed: Paris is about 50% more affordable than the Big Apple and 80% lower than London in price terms.

This significant difference in property prices in the three cities is evoked and confirmed in the 30^th edition of the Paris property price watchdog published this spring by FNAIM Grand Paris.

So, in the first quarter of 2015 the average price of a 2-3 bed. was 70% higher in New York and 130% higher in London (“central” London) compared to the City of Light.

In concrete terms: a 2-bedroom property for sale in Paris at €280,000 would sell for €475,000 in Manhattan and €625,000 in “central” London.

There has been a notable return of Anglo-Saxon investors to Paris. In 2015, this willingness to invest on the part of foreign investors is significant due to a favourable exchange rate (the weak Euro), historically low interest rates, and prices in Paris that are as competitive as ever.

FNAIM Grand Paris indicates that 7% of deals in Paris are made by foreigners compared to 21% in New York and 75% in central London.