Paris Real Estate

Finding and Owning a Paris Apartment

Darrell

What Information Should I Think About in Managing My Apartment?

Here are some of the things we think about in managing costs for a Paris apartment:

Apartment Operation Metrics
French interest rates: ~3.5%; add another "point" (i.e., 4.5%) for mortgage life insurance
Mortgage terms: generally your age plus the term will not exceed ~70; 5 to 25 years
Taxes (habitation) about 5 - 10 Euros per m2 per year
Taxes (fonciere) about 5 - 10 Euros per m2 per year
Charges: 2-3 Euros per m2 per month
Phone: 1-3 Euros per m2 per month
Utilities: 1-4 Euros per m2 per month
Insurance: 3-4 Euros per m2 per year (yes, year)
Management (15-25% of rents)
Rental income (20-40 Euros per m2 per month)
Occupancy: 50% in first year, higher thereafter depending on marketing / management

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