Price Waterhouse Ranks Paris No. 1 for 2020

Price Waterhouse Ranks Paris

Price Waterhouse Coopers ranks Paris no. 1 for real estate investment in 2020. This is according to the latest survey of emerging trends from one of the world-leading professional services firms.

We take a look at these exciting findings. They suggest fantastic prospects for those investing in property in the French capital. 

Emerging Trends in Real Estate for 2020

Price Waterhouse Cooper has offices in 157 countries and more than 276,000 staff. Placing them among the leading professional services networks in the world. 

 Now in its 17th edition, their Emerging Trends in Real Estate survey is highly anticipated by those involved in the European property markets. 

 It offers an outlook on real estate for 2020 and the near-term. A real authority on international trends, the findings of this survey matter.

Paris is the leader of the pack

Let’s get to the main result of the new survey. 

Ranking all European cities in order of overall investment and development prospects, Paris emerges as the top pick for 2020. In the number one position, it stands above Berlin, Frankfurt, and London. 

Survey respondents cite Paris’ ability to attract capital of all kinds, from every quarter of the globe. 

In the new report, experts at Price Waterhouse Coopers say, “Europe’s property leaders remain resolute in their belief in real estate as an attractive investment asset class. With interest rates set to stay lower for longer… real estate income retains its broad appeal to investors. 

They also state “The Grand Paris project, Europe’s largest transport scheme, is widely lauded as a game-changer for the French capital, setting it apart from the competition.”

Ultimately, Paris emerges as the most desirable market for real estate. One fund manager calls the city ‘an economic powerhouse.’

Other reasons Price Waterhouse ranks Paris no. 1

It’s not simply the ability to attract capital or low-interest rates. As stated above, Paris is seeing exciting growth in 2020 thanks to the Grand Paris project.

Costing a total of €26 billion (US$28.7 billion), the project is expanding the city’s metro system with four new lines, and an extension of two more. 

A total of 68 stations will open, servicing 200 kilometers of new railway lines. This is the largest expansion of the public transport network in decades. 

The aim is to further secure Paris’ place as a truly ‘world city.’

The whole of France saw a record €42 billion of real estate investment transactions last year. And the Grand Paris project was a pivotal factor, according to global data provider Real Capital Analytics.

Also, the survey points to the upcoming 2024 Summer Olympic Games. Although four years away, anticipation for the event is helping to invite further investment and development.

2020 is the perfect time to invest

With the good news that Price Waterhouse ranks Paris no. 1, you might have questions about making your own property investments.  

For any queries about the local real estate markets, we are here to help. Get in touch with our knowledgeable experts at 56Paris today and start taking advantage of this favorable market.

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