In France, Paris is the only place to be
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