Why you should NOT Invest in Paris Real Estate
In this video I give a rundown of why I would not invest in Paris real estate. This analysis is valid for many other Western European cities as well.
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00:00 Introduction
00:12 Price to income ratio is too high in Paris
00:40 Rising interest rates
01:30 Real estate prices have already started decreasing in Paris
02:00 Low gross rental yields and capitalization rates in Paris
02:25 Very low net rental yields and capitalization rates in Paris
03:15 The net yields will continue to go down
04:20 Paris is run by socialists
04:50 The population of Paris is decreasing
05:15 Closing costs are high in France
05:43 OECD claims France to have highest tax burden on real estate
06:24 High income taxes on non-residents in France
07:10 The war on Airbnb in Paris
07:40 Capital gains taxes on real estate are substantial in France
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
Пікірлер: 51
I'm parisian and I approve this message. Paris lost 100 000 residents in the last 10y
@georgezuwala7075
Жыл бұрын
for the cost of housing?
Finally some expert analysis on the European market! Very thorough and well articulated. Thank you so much Ladislas! On that note, I'm thinking of investing in Dublin real estate market. I wonder if you have ever looked into that and if so an episode will be appreciate. Thanks again!
@TheWanderingInvestor
Жыл бұрын
Thank you Alex. It’s definitely a healthier economy and market. But I would be wary of entering a market that is seeing bidding wars in the midst of interest rate rises. Something doesn’t add up. But I haven’t been, so I will definitely not make content on it until I actually spend time there.
Last but not least french laws usually protect the tenant in case of litigation with the landlord. Thx Lad for this objective analysis
@TheWanderingInvestor
Жыл бұрын
Very true. It typically takes at least a year to evict a tenant who stopped paying rent.
Very solid analysis. I run a buyers agency in Paris and we always tell clients to not to expect cashflow. Paris is a long term trophy investment with a finite supply. This said, with mid term/corporate rentals (not subject to rent controls) people can hit 3% net of costs and taxes.
Great video, very well articulated and so true
Great video! Very interesting.
Thank you so much. I also liked your talk on Turkey investment. Very insightful 👏 I am going for Turkey 🇹🇷
Now this is what you call an expert and an analyst. I'm also in real estate, but Ladislas is always the top. I haven't found anyone else with more experience than him yet.
@TheWanderingInvestor
Ай бұрын
Thank you 🙏
Ok you are so true ! Where in europe to invest now ?
Keep up the excellent work your videos are well done. One can save and make money using your experience. Paris is nice but over rated for me.
Hi. Are you plan on going to Serbia this year? If so, can you able to make a other video update about the country if things change out there? Excellent channel😊 Thank you!
@TheWanderingInvestor
Жыл бұрын
Not this year. But real estate prices have gone ballistic.
@Imhim247
Жыл бұрын
@@TheWanderingInvestor Aw man. That's crazy that the real estate prices has gone up. I'm actually going there for the trip. I thought about living there in Serbia
I love Paris - or loved it back 20 years when I lived there. Government was insanely tyrannical over Covid, would never go back.
France, like Germany, is on suicide watch. I wouldn't invest a dime in either country.
make a video soon with same topic but the real estate is on Belgium, Germany, all about real estate in the eu countries too. thanks!😉🔺
@TheWanderingInvestor
Жыл бұрын
Similar situation in many Western-EU countries apart from Italy
Auckland, New Zealand was 14x median house price to median household income 12 months ago - today its 10x.
@TheWanderingInvestor
Жыл бұрын
Nature is healing
Can you do such video for Sofia Bulgaria
The price is too damn high!
Do you think its best to hold off on investments in Europe for the time being? You seem to be leaning Latin America for now. Just curious, considering investing an apartment in the next 12-18 months. Medium risk. Looking at Eastern Europe but the issues with Russia had made a lot of what I had been looking at, more "expensive".
@TheWanderingInvestor
Жыл бұрын
Where Russians are still able to invest prices have gone up, in other Eastern/Central European cities where Russians cannot invest anymore prices are going down.
@leedunning6237
Жыл бұрын
@@TheWanderingInvestor I appreciate the reply. Well, I am signed up for the newsletter and have the bell notifications on. I will wait patiently for a nice oppurtunity.
Please do something for Greece. It is still affordable and with good quality of life, climate, food, sea etc. Good to retire to.
@TheWanderingInvestor
Жыл бұрын
Yes. Thank you. Going there in June 👍
I have watched a lot of your stuff. What city do you think had the best real estate investment that you seem so far in the countries you travelled
@TheWanderingInvestor
Жыл бұрын
It really depends on your objectives and risk profile
@buyfixrentrepeat1270
Жыл бұрын
@@TheWanderingInvestor I guess appreciation and mid to low risk at this point in my career.
@TheWanderingInvestor
Жыл бұрын
@@buyfixrentrepeat1270 That video on multifamily housing in the slightly dodgy area of Playa del Carmen.
@buyfixrentrepeat1270
Жыл бұрын
@@TheWanderingInvestor Yeah that looked like a good deal I remember thinking that when I watched the video. It would need a place where it can be done many times over so I could own many doors so it would be worth it. If I remember correctly that was 10 doors for $50 k each. If it was more like 100 doors it would have sparked my interest a bit more. I was very surprised with the population growth
True, this cheese is stinky for investment, damn right.
Salut ladislas. je suis d'accord avec toi sur le fait que paris intra muros soit surcôté. Cependant, j'investis actuellement à la plaine saint denis, à 15 min du stade de france à pied dans un appartement à 4500 euros environ du m². c'est pour faire de la location saisonnière (300 euros par jour pour les jeux olympiques, 100 euros le reste du temps). Le quartier n'est pas super mais il est collé à paris et il changera dans les années à venir. Il existe donc encore des opportunités à paris
@TheWanderingInvestor
5 ай бұрын
Intéressant. Merci pour le partage.
What about London?
@TheWanderingInvestor
Жыл бұрын
Even worse. Variable interest rates and similar policies to Paris.
It is also extremely expensive. All in all not a good idea
Horror.
Vive la France!!!
That’s not bad at all. In china it takes 30-50 yrs of your salary to get a 60m2 apt. That’s if u don’t eat and drink. 😅
Haha Paris and none of the big metropolis in Europe
Real estate is a pretty bad idea compared to btc
Travel to the metaverse
Can you please cover Germany (preferably Berlin) ?
Great video, very well articulated and so true