The Algerians are among the biggest buyers of real estate in the Paris region as per a report of the French daily “La Tribune” of 28 May 2015, which is based on the figures of a Parisian notary. In the City’s large Crown, 10.2% of foreign purchasers are Algerians, said the same source.
Very present in the large Crown
The large Crown of Paris is comprised of 4 local governorates “departements” on the outskirts of the “Ile-de-France” region, the Seine-et-Marne, Yvelines, Essonne and Val-d’Oise.
The Algerians who represent 10.2% of transactions carried out by foreigners, according to La Tribune are however behind the Portuguese (26.5%).
In total, “slightly more than 7.4% of transactions are generated by foreigners”, notes the same source.
The Italians and the British ahead
By focusing on the city of Paris, the daily notes that 9.5% of transactions are made by foreign nationals. In the most “elegant” neighbourhoods, such as the 4th and 7th districts (arrondissement) of Paris, the rate rises to 17.5%, details the same source. The Italians topped the nationalities who buy more real estate, with a 16.6% share, followed by the British with 6.6%, always according to the same paper.
On the outskirts of the city, it is the Chinese who are the most active with 22.6% of foreign buyers, followed by the Portuguese (13.5%), said the daily.
According to La Tribune, foreign buyers participate thus to maintain the price of the Ile-de-France estate at a high level. Indeed, it is believed that the purchase of property by foreigners may well constitute one of the factors contributing to the high cost of real estate in Paris and its region.