It seems that France is currently un pays de mystère. While concerns abound regarding the French economic situation, investors cannot seem to get enough of the country’s real estate — especially Parisian addresses.
In the first nine months of the year, €16 billion was invested in French property, reports Cushman & Wakefield. “Investment in France at the end of the third quarter of 2014 was up sharply, by 45 percent year on year and already by 5 percent more than investment in all of 2013,” says Olivier Gérard, president of Cushman & Wakefield France, in a statement.
The office sector captured €9.9 billion of 2014’s French transaction volume through the end of the third quarter — with 93 percent in the Paris region — according to Cushman & Wakefield.
“The Paris office market has bucked the wider economic backdrop,” comments Darren Yates, head of global capital markets research at Knight Frank. “While the economic out