This post is from the Paris Property Group blog called this Paris life. There is a decrease in the population of Paris due to the loss of 14,000 residents in the time period from 2009 to 2014 alone. The loss of residents is attributed to more people moving from central Paris to the surrounding suburbs where the costs of owning is less. Most young buyers have difficulty paying the higher price of € 8,400 in Paris compared to the € 3,150 in the suburbs.
There was also concern about many people using their second homes in the city to rent to tourists on the Airbnb app. This leaves less affordable housing for full time residents, who were already suffering a decrease in births since the 1980’s and 1990’s.
Read the full article here:
Is Paris losing its inhabitants because of real estate?
Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.
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