Property Guide to Paris
Just as in London, traditional foreign buyers in the five most expensive arrondissements of Paris now face competition from wealthy investors from Ireland and Russia


According to Jean-Philippe Roux, debonair head of Knight Frank's Paris operation (00 33 143 168888), between 25% and 40% of all properties sold in the five most expensive arrondissements of Paris are bought by foreigners. But, as in London, traditional buyers from the Middle East, UK, Italy and USA now face competition from wealthy investors from Ireland and Russia. Paris is in sparkling mood right now, and prices are lively, too. One of the most expensive houses on the market is a 35,000sq ft, 1930s Art Deco mansion in leafy Boulevard du Château in Neuilly. Knight Frank quote a guide price of ?30m for the house which has been spectacularly refurbished by its Middle-Eastern owners. An Irish investor recently bought 154 Champs-Elysées, home to Cartier's newest Paris showroom, and a stone's throw from Paris's most famous landmark, the Arc de Triomphe. The residential element of the building, comp-rising two large apartments, three duplex apartments, the concierge area and staff accommodation, is being offered for sale through Knight Frank, at ?14.83m. The Ile St Louis is a popular location with investors who are more or less gua-ranteed a generous rental income. Here, a three-room apartment at 10 rue des Deux-Ponts costs between ?795,000 and ?1m. But the historic former business quartier around the Paris Bourse is an area to watch, Mr Roux advises.
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by HRH The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.
-
A well-connected rural playground with 23 acres on the edge of the South Downs National Park
Old House Farm is an impressive family home with a wealth of amenities that would inspire any rural passion.
By Arabella Youens Published
-
The UK gets its first ‘European stork village’ — and it's in West Sussex
Although the mortality rate among white storks can be up to 90%, the future looks rosy for breeding pairs in southern England.
By Rosie Paterson Published