We found a wonderful article online recently and thought it would interest our readers. When purchasing Parisian property, buyers are frequently misled by the average price per m2 which only gives a general idea
but does not necessarily reflect the true value of a property, which can depend
on several factors : address, level in the building, quality of common areas, services, etc. The table below gives an indication of how to evaluate, even
though we all know, each property is a case apart. (Source PAP newsletter)
|
Floor Level
|
Compared to average price/m2
|
|
Ground
floor overlooking street
|
- 15 à - 25 %
|
|
1st
floor
|
- 7 %
|
|
1st floor with café or trader open
late below
|
- 20 %
|
|
3rd floor to 6th floor with lift
|
+ 2,5 % per floor
|
|
Location
|
Compared to average price/m2
|
|
Overlooking dim courtyard
|
- 10 %
|
|
Building less than 10 metres away
|
- 10 %
|
|
Terrace or garden
|
+ 5 à + 15 %
|
|
Double orientation East/West
|
+ 3 à + 5 %
|
|
Beautiful view (Parisian monument,
open views)
|
+ 5 à + 20 %
|
|
High
level of disturbance from traffic
|
- 15 à - 20 %
|
|
Technical qualities
|
Compared to average price/m2
|
|
Property entirely renovated
(electricity, plumbing, insulation, etc.).
|
+ 15 à + 20 %
|
|
Property requiring light
redecoration (painting, floors, decoration, style)
|
- 5 à - 10 %
|
|
Property requring renovation
(depending on the extent on the renovation)
|
- 10 à - 30 %
|
|
|
|
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