According to a new report, Paris is a Covid-resistant city. Therefore, it is expected to weather the storm of the coronavirus pandemic.
The report places Paris in the top three, out of all the cities analyzed in Europe.
We reveal what this means for current and potential investors when buying real estate.
An analysis of 27 cities in Europe
Six months into 2020, it is too early to truly understand what impact Covid-19 will have on the real estate market. Especially in the long term.
That said, some cities are already emerging as more ‘Covid-resistant’ than others.
This is according to a new report, recently published by a top real estate services firm.
In total, the report analyzes 27 European cities in three categories. These are resilience to the economic fallout, property investment liquidity, and Covid-19 shield.
The cities are then measured against nine different metrics to reveal the top ranking.
The top three are London, Paris, and Berlin, followed closely by Stockholm and Frankfurt. Together, these are the top Covid-resilient cities in Europe.
The bottom line is this: these cities should recover faster. While maintaining significant levels of real estate investment.
France is a powerhouse country too
The report also highlights the top three ‘powerhouse’ countries of Europe. These include the UK, Germany, and of course, France.
In the first quarter of 2020, these countries attracted a larger share of real estate investment across the continent.
The top trio account for a combined 73% of total transactions. In other words, an increase of 10% over the same period in the previous year.
The report also suggests this growth will continue for the remainder of 2020.
The news follows on from the notaries’ prediction that property prices in Paris will continue to rise this year. This is something we previously reported in this blog.
All in all, it is fantastic news for those investing in real estate here in Paris.
Investing now Paris is a Covid-resistant city
With the news that Paris is a Covid-resistant city, now could be the perfect time to look at the capital’s real estate market. This Saint-Germain two bedroom is just one example of an ideal investment property.
For advice or just a chat, feel free to contact the experts at 56Paris today.