For many people, owning a piece of Paris is a lifelong dream. But the reality of buying and maintaining a property in the city of light can be a harsh one. Paris property prices have skyrocketed over the past decade, especially in the city’s most desirable neighborhoods. And to make matters worse, new energy-saving laws have recently come into effect, adding to the overall cost and requiring expertise that can be hard to find. And let’s not forget about the recent ban on Paris vacation rentals on Airbnb or VRBO.
Tiny and expensive
So, what does this mean for those who still want to live their Parisian dream? We did some research and found that a 12 square meter (129 sq. ft.) studio apartment in the historic district of Marais will cost a whopping €205,000!
That’s right, €205,000 for a tiny studio apartment that’s smaller than most hotel rooms!
€205,000* for a tiny studio apartment?! Buy a fractional instead.
But don’t lose hope just yet! There is a more cost-effective solution: fractional ownership. For the same price as that minuscule studio, you can own 1/13th of an exquisite 2-bedroom Parisian apartment that provides 28 days of use annually. These luxurious fractional properties are outfitted with quality furniture and modern amenities, and the best part? All of the running costs, including utilities, property taxes, laundry, cleaning, and maintenance, are taken care of for you. All you have to do is check in, live your best Parisian life, and then shut the door and leave.
In conclusion, owning a piece of Paris doesn’t have to be a pipe dream. With fractional ownership, you can live your Parisian dream and enjoy all that the city has to offer without breaking the bank.