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Paris Real Estate +


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2013 Jan 1, 12:08am   18,867 views  51 comments

by David9   ➕follow (0)   💰tip   ignore  

Bon Jour,

Just got back from Paris and recovering from jet lag and thought I would post my vacation tourist observations.

1.) Paris real estate is expensive. (Duh, I know.) At least in the Latin Quarter, did not speak with any Realtor but any stroll will usually accompany an old fashioned window of paper real estate listings. Didn't see a Studio for less than 225K Euros and small two bedrooms went for 685k Euro plus. Sorry, no Versailles available in this price range.

2.) Paris rentals are reasonable. Again, from store front listings, many apartments available from 650 Euros to 1000 Euros in a decent area.

3.) Call me crazy, many dark windows in these apartment buildings, sure, it's Paris, they could be 2nd homes.

4.) Other notables, the food is wonderful and fresh, the people like to dress fashionably, everyone uses the metro, taxis are available but not anything like New York, it's easy to get lost as the streets are a collection of star shapes, and there are no 24 hour shops.

5.) For whatever reason, no one was rude to me and I found the French rather friendly actually. Just start with a formal greeting and everything is ok. Noticible difference if the formal greeting is forgot or omitted.

#housing

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19   SiO2   2013 Jan 3, 12:05am  

David9 says

I would always start out with a French formal greeting 'bonjour' for the daytime and 'bonsoir' for evening time, this is manadatory, otherwise you get a raised French eyebrow. Depending on the situation, I would usually ask: 'Parlez- vous anglais?' (Do you speak English?) Not one person said 'No', most would say 'a little' accentuated by a thumb and index finger gesture. Then we began to speak in English.

When I visited Paris as a tourist, I did the same, and found that people were friendly. It seems to make a big difference if you ask if they speak English, vs just assuming. This is about the extent of my French so it was good that most people spoke English.

The worldwide prevalence of English makes travel relatively easy. It would be difficult for someone speaking only Spanish, Russian, or Chinese.

20   David9   2013 Jan 3, 1:09am  

SiO2 says

It seems to make a big difference if you ask if they speak English,

Precisely, just go up to someone and ask 'Parlez- vous anglais?' and you get crinkled noses and raised eyebrows, but say 'Bon Jour', wait for a response, then ask, and they are sweethearts.

21   bubblesburst   2013 Jan 3, 5:07am  

Peter P says

I really prefer food in Switzerland. The VAT on the bill in Paris makes me cry.

Huh? Food in Switzerland is crazy expensive. I spent 3 weeks there this summer traveling around with my family. I also spent a full month in Paris and food prices were MUCH cheaper in Paris vs. Switzerland.

Switzerland is crazy expensive. I travel around the world quite often and in any major city I've been able to find cheap Chinese fast food type places. The only place where I didn't see that exist is Switzerland. Don't get me wrong. They DO have places like that but they are around $25 to $30 an entree. The same thing in Paris or London or Amsterdam or any other major city is less than $9 or so. Even at Pizza places a pizza was around $27 each or so.

Paris is really an amazing city. Definitely real estate prices are very expensive there. As others mentioned, many Europeans own property there and use it as a second home. We always rent a property or do a home exchange there and it's always been from someone else that lived somewhere else in Europe and had a place in Paris as well.

Paris is one of the greatest cities in the world. I wouldn't want to live there but it's amazing to go on vacation.

22   Peter P   2013 Jan 3, 5:15am  

bubblesburst says

Huh? Food in Switzerland is crazy expensive.

I went in 2008, when EUR was high and CHF was low. Perhaps that explains it.

I remember seeing EUR 190 appetizers at a restaurant in Paris. For the first time in my life I was scared looking at the menu. Worse yet, ladies were given BLIND menus.

23   RentingForHalfTheCost   2013 Jan 3, 5:22am  

bubblesburst says

Huh? Food in Switzerland is crazy expensive.

I lived there for a while and got used to expresso and chocolate. The two cheap things in the country. ;) Forget eating salads and meat. $30-$40US salads are not abnormal. Entries for 50-60 at mediocre restaurants.

24   bubblesburst   2013 Jan 3, 5:22am  

Ah ok. I was just there this summer and I've honestly never spent so much on dining out. EVERYTHING is expensive in Switzerland. We spent 3 months traveling around Europe including Monte Carlo and the French Riviera and everywhere else seemed cheap compared to Switzerland.

We have young kids and I remember one day in the train station our son wanted a plain hamburger at McDonalds or Burger King (can't remember which it was) and it was literally $4 for one plain hamburger.

Food prices were really expensive there. I remember going to some nothing special Chinese restaurant and ordering 3 entrees (one for me, one for wife and one for kids to split) and with 2 sodas it was over $100 dollars.

25   Philistine   2013 Jan 3, 5:24am  

bubblesburst says

cheap Chinese fast food type places. The only place where I didn't see that
exist is Switzerland. Don't get me wrong. They DO have places like that but they
are around $25 to $30 an entree. The same thing in Paris or London or Amsterdam
or any other major city is less than $9 or so. Even at Pizza places a pizza was
around $27 each or so

LOL, going to Paris and eating Chinese takeout and pizza. Fantastic!!

26   Peter P   2013 Jan 3, 5:24am  

Where in Switzerland? We stayed in Vevey and it was not that bad.

27   bubblesburst   2013 Jan 3, 5:24am  

Ah ok. I was just there this summer and I've honestly never spent so much on dining out. EVERYTHING is expensive in Switzerland. We spent 3 months traveling around Europe including Monte Carlo and the French Riviera and everywhere else seemed cheap compared to Switzerland.

We have young kids and I remember one day in the train station our son wanted a plain hamburger at McDonalds or Burger King (can't remember which it was) and it was literally $4 for one plain hamburger.

Food prices were really expensive there. I remember going to some nothing special Chinese restaurant and ordering 3 entrees (one for me, one for wife and one for kids to split) and with 2 sodas it was over $100 dollars.RentingForHalfTheCost says

bubblesburst says

Huh? Food in Switzerland is crazy expensive.

I lived there for a while and got used to expresso and chocolate. The two cheap things in the country. ;) Forget eating salads and meat. $30-$40US salads are not abnormal. Entries for 50-60 at mediocre restaurants.

Exactly Renting! Many places we went to had entrees at $50 each for nothing too fancy restaurants. I remember in Bern we ordered a few pizzas and they were about $30 each for nothing too special pizza.

Well we were in Europe for 3 months. I don't know about you but I'm not going to eat French or Swiss food for 3 months straight. When we live abroad we like variety just like at home. Including Pizzas, burgers and Chinese food.

3 months is a long time.

28   Peter P   2013 Jan 3, 5:27am  

http://www.hoteltroiscouronnes.ch/pictures/media/Hiver_menus_2012.pdf

Even now, a whole tasting menu costs about $80 to $125, about on par with San Francisco.

29   bubblesburst   2013 Jan 3, 5:27am  

Peter P says

Where in Switzerland? We stayed in Vevey and it was not that bad.

We were in Zurich, Bern, Lucerne, Lugano, Geneva, Lausanne.

Peter P says

http://www.hoteltroiscouronnes.ch/pictures/media/Hiver_menus_2012.pdf

Even now, a whole tasting menu costs about $80 to $125, about on par with San Francisco.

Yes, but the difference is in most major cities including San Francisco there are plenty of places that have affordable food. You can eat healthy and good in San Francisco for very cheap. That really isn't the case in Zurich. Unless you go to a Migros type supermarket (which granted had surprisingly decent food), it's really hard to eat affordably in Switzerland in the major cities like in the USA or most other major cities in Europe.

In Paris where were MANY places to get great food that wasn't too expensive.

30   Peter P   2013 Jan 3, 5:33am  

Ah, all the banking and tourism centers.

31   David9   2013 Jan 3, 5:33am  

Can't speak for Switzerland, but my friend and I stopped off for pizza in the Pigalle district (Yes, the naughty adult district), ground beef and goat cheese for 9 euro and it was delicious! We were amazed.

Other culinary delights was a crepe to die for, Grand Marnier and Orange, also for 9 Euro, any cafe (coffee) is delicious, and a 20 Euro French plate of meats and cheese where the portion was so large I had to use my own plastic bag to take the remaining home. My French friend at the time said they don't do take home bags.

32   Peter P   2013 Jan 3, 5:36am  

Did you visit Lake Como when you were at Lugano?

33   bubblesburst   2013 Jan 3, 5:36am  

Absolutely David! We ate really really well in Paris. Yes, we did hit some expensive restaurants and cafes but there are some great bakeries. We LOVED going to the bakery each morning and buying fresh bread and there were many places where you can buy meat and cheese plates. Delicious!

Man, few things beat having Coffee outside on one of those beautiful French Cafes. I've been to Paris many many times but usually only for a week or so. Staying there a month was really great.

34   bubblesburst   2013 Jan 3, 5:38am  

Peter P says

Did you visit Lake Como when you were at Lugano?

Yes. Absolutely gorgeous. I've been to Lugano a few times. It's one of my favorite cities in the world. It was the first time I took my wife and kids there. Just a gorgeous city. We took the train from Milan to Zurich and it's a beautiful ride.

I highly recommend Lugano to anyone.

35   David9   2013 Jan 3, 5:40am  

bubblesburst says

We LOVED going to the bakery each morning and buying fresh bread

Heaven. Even the Hotel had Fresh Bread delivered daily for their breakfast. Such a treat from all those preservatives.

Last night I was dreaming of Paris in my sleep all night!

36   Peter P   2013 Jan 3, 5:40am  

Food in London has improved greatly. Those bankers do have some contribution to the society.

37   bubblesburst   2013 Jan 3, 5:49am  

So true David! The bread there is incredible. We loved living like locals and carrying fresh bread back to our apartment each morning or at the end of the day. I don't think I ate so much bread in my life than that month. LOL.

It's great seeing everyone carrying loaves of bread under their arms. There are several bakeries on almost every corner. We stayed in the 7th and LOVED it. We walked about 5 or 6 hours each and every day. Everywhere is so beautiful in Paris.

Peter, so true about London. We typically go to London every year or so and things have improved greatly in the food department. I used to think food in London was expensive with the Sterling but Zurich made everywhere else seem cheap.

38   bob2356   2013 Jan 3, 5:51am  

Peter P says

Ah, all the banking and tourism centers.

Exactly. I've been going there since 92 and Switzerland had always been very, very expensive. Paris is expensive also, as is most of the south of France, especially Provence, in the summer. Go to the south of France outside the school holidays you will find the prices, service, and experience far different.

It's a shame that so many people here said they visited Paris. France is such a great place outside of Paris, which I generally avoid other than going to the airport. Going to Paris and the Riviera is like going to NY and the Jersey shore. Interesting but not terribly representative of the rest of the country.

39   Peter P   2013 Jan 3, 5:52am  

Yeah, GBP has fallen against CHF.

Indian food in London has always been good anyway.

40   EBGuy   2013 Jan 3, 6:07am  

Bringing this back to Bay Area real estate -- the last time I was in Paris (almost a decade ago) was through an informal (not through a website) home exchange. We were located in an apartment in the Montmartre district. The local patisserie was great for morning treats to go with our coffee. A local did corner us once in the the neighborhood grocery store to express his displeasure with George Bush (all in French, including pantomime machine gun with sound effects).
Home exchanges are a cost effective way to see another city, and, at times, blend in with the locals. This is another plus for BA real estate, as people in other metropolitan areas want to visit here and are willing to do exchanges.

41   Peter P   2013 Jan 3, 6:09am  

Worried over liabilities.

42   David9   2013 Jan 3, 6:17am  

bubblesburst says

Everywhere is so beautiful in Paris.

Another small, beautiful slice of Paris..

43   Entitlemented   2013 Jan 3, 8:18am  

With a new Socialist President, and higher taxes, is there any home price reductions due to people trying to get rid of middle - upper pay homes to pay the extra tax?

44   David9   2013 Jan 3, 8:20am  

Entitlemented says

With a new Socialist President, and higher taxes, is there any home price
reductions due to people trying to get rid of middle - upper pay homes to pay
the extra tax?

Wouldn't that be wonderful? ;-)

45   New Renter   2013 Jan 3, 10:13am  

EBGuy says

A local did corner us once in the the neighborhood grocery store to express his displeasure with George Bush (all in French, including pantomime machine gun with sound effects).

Probably a bad time to order a basket of freedom fries...

46   B.A.C.A.H.   2013 Jan 3, 2:32pm  

David9 says

no one was rude to me and I found the French rather friendly actually

Yep, that was my observation in 1985 and in 1993. The second time, with toddler. French were very friendly, everywhere we went in Paris and all over the country. Even though we ONLY spoke English. If they talked derisively in their language behind our backs, who cares? if they were so friendly to our faces.

47   Peter P   2013 Jan 3, 2:43pm  

I love Corsica. The people are especially friendly.

48   David9   2013 Jan 4, 3:24am  

B.A.C.A.H. says

Yep, that was my observation in 1985 and in 1993.

I would go back again, this time, more hang out time..

Peter P says

I love Corsica. The people are especially friendly.

A facebook friend of a friend from Corsica took the time to show me around Paris for 2 days, some sites, how to use the subway, all because he just liked showing off Paris. Yes, Very Nice!

49   B.A.C.A.H.   2013 Jan 4, 3:56am  

SiO2 says

The worldwide prevalence of English makes travel relatively easy. It would be difficult for someone speaking only Spanish, Russian, or Chinese.

Yep.

You reminded me of when we were touristing in Kyoto, seeing the Chinese young lady tourists and the Japanese cop struggling to communicate in English about which tram those two should take.

50   sam1   2013 Jan 8, 4:30am  

Paris RE prices are due for a good correction, 10-20% within the next couple of years. There has been a long and big runup in prices over the last decade.

As far as the food, it is possible to eat very well on a budget in Paris. A lot of good local bistros have table d'hotes (2-3 course menu) for under 20€, then you have creperies, traiteurs (takeout/caterers), sandwiches and DIY picnic fares (hams, cheese, packaged salads etc). And of course, wine, bread and pastries are cheap and often of stellar quality. Another thing is that price listed include taxes and service, so the menu prices in euros are roughtly the same as a menu prices back home.

51   David9   2013 Jan 8, 4:41am  

sam1 says

(2-3 course menu) for under 20€,

You're choice of 10, 12, or 15 Euros for Lunch.

You're choice of 16, 18, or 20 Euros for Dinner.

Three Course meal, examples include Salmon Salad, Warm Goat Cheese Salad, Garlic Lamb, beef bourguignon, Chicken in Wine Sauce. For Dessert, Caramel Creme, French Ice Cream, or Cake.

sam1 says

stellar quality

My eating habits have changed since I got back, checking out small markets, etc. Everything tastes bland..

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