If you’re considering selling your property in Paris, you’ll be interested in Winkworth International’s round-up of recent news from London. After months of (not so) discreet advertising, Europlace, France’s finance industry lobbyists, hosted a conference at The Shard earlier this month to lure London financiers to Paris.
A view of Paris’ business district, La Defensé
This comes as formal Brexit machinations are forecast to begin in March and HSBC Chief Executive Stuart Gulliver suggests 1,000 jobs could be moved to Paris as a result.
Key speakers - including Paris Vice Mayor, Jean-Louis Missika - pitched the idea of a mutually advantageous relationship between London and Paris as the UK severs its EU ties. London would retain its status as Europe’s global finance hub with Paris the natural choice for its Eurozone subsidiary. Paris Region’s President, Valérie Pécresse, predicted that “tens of thousands” of jobs in sectors like asset management must move to Paris. Read more about the Europlace conference here.
The process of unravelling the UK from the EU will be complex and whether Paris successfully seduces London’s financial institutions remains to be seen. However, the attractions of moving to Paris to live and work are quite simple. Paris has the biggest bond market in continental Europe for example, with an asset management sector twice the size of Germany. With ongoing investment in transport, Paris is well connected to the UK, mainland Europe and global business hubs. Tax benefits for repatriating high earners are a further incentive.
Café culture and inimitable cuisine - all part of the Parisian appeal for international buyers
Of course, there’s also the inimitable Parisian culture and cuisine (as pictured above), exceptional quality of education and public healthcare. All of which makes it an opportune moment not just to buy Paris property for sale but to sell property in Paris too.
Elegant Haussmannian facades conceal spacious family apartments in the eighth arrondissement
If you own property in west Paris, you’ll know that neighbourhoods in the eighth and seventeenth arrondissements, for example, attract young professionals and families alike. In the eighth, elegant Haussmannian apartments (as pictured above) come with space for the whole family. In the seventeenth, the Batignolles district enjoys excellent accessibility, quirky properties and a mix of authentic and contemporary restaurants that attract a younger clientele. Your Paris apartment for sale in the first or second arrondissement, meanwhile, will appeal to buyers looking for a central pied-a-terre near the business district.
Wherever your arrondissement, if you’re selling your property in Paris, you’ll need the services of a truly international estate agent. Combining years of experience with a network of buyers from around the world, Winkworth International guarantees you need look no further. To arrange a valuation of your Paris property, contact Winkworth France.