As London ’s property market becomes increasingly unaffordable, investors are moving to take advantage of the comparative price of Parisian real estate, according to an executive from London -based estate agency Foreign Direct Investment . Increased interest in the city’s property is believed to be due to the weakened Euro , which could imply large savings for potential investors; using current exchange rates, an investor from the UK could save 84% on Parisian property. Although Paris is currently second to UK in terms of Foreign Direct Investment (FDI), it is believed that the city could soon overtake the UK capital.
As London’s property market becomes increasingly unaffordable, investors are moving to take advantage of the comparative price of Parisian real estate, according to an executive from Paris-based estate agency VINGT. Increased interest in the city’s property is believed to be due to the weakened Euro, which could imply large savings for potential investors; using current exchange rates, an investor from the UK could save up to 40% on Parisian property. Although Paris is currently second to London in terms of Foreign Direct Investment (FDI), it is believed that the city could soon overtake the UK capital.