Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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Paris is 5th Worldwide For Luxury Property Market, Says Study

A website for people interested in buying property in Paris has a piece about the city’s rank in the global luxury market. A recent report listed Paris as the fifth most popular city in this respect. London, New York City, Tokyo, and Sydney were ahead of Paris. The rankings were based on practical, emotional, and financial criteria. Paris ranked high in the emotional field, but lower in the other two. The report contains a photo and a graphic.

Key Takeaways:

  • Even though Paris is smaller, it is still able to compete with New York, London, and Tokyo for emotional factors thanks to its cultural heritage, luxury shopping, and services.
  • Paris does not compete well with the other countries financially. They are hoping to improve their ranking through the metro expansion and new businesses.
  • Paris did not rank high in wealth, but is more affordable than the higher ranked cities.

“A comprehensive review of the world’s top 50 luxury property hotspots for 2017 shows Paris in the top 5.”

Read more: https://parispropertygroup.com/blog/2017/paris-5th-worldwide-luxury-property-market-says-study/

About the Author Rory

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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