Literary Marais
The grand and elegant home of a famous designer
An article that explains the monthly expenses of a high-end apartment in Paris
Many clients often ask us about the cost of owning an apartment in Paris. Roughly speaking, there are four major expenses for holding an apartment: the expenses required for the operation of the apartment itself (property sharing costs, electricity and Internet fees, insurance, cleaning and maintenance costs for the interior of the apartment), major construction costs of the building, and taxes (land tax, residence tax, property wealth tax), and some other expenses (apartment rental management fee, butler service fee).
Today, we will take a high-end apartment of 100 square meters and a value of 2 million euros in the Saint-Germain district of the Left Bank as an example to explain in detail what the daily maintenance of the apartment will cost (do not confuse it with the cost of buying an apartment Oh).
01/ The cost of running the apartment itself
Is there still room to make money investing in real estate?
Taking advantage of the strong leverage effect of the historically low loan interest rate to win the super value-added when selling real estate is the two "heart treasures" of real estate investors: the most important return component; at the same time, if it is a new house, there are tax incentives. However, as the rental return income during the holding period, it is a "pain point": not only the return is low, but the risk is not small, where to go, and listen to the next decomposition. Please read this article first to understand the current investment market conditions.
(The Chinese version and the Red Line Intelligence Group's analysis of this phenomenon will be online next week!)