#1 Foreign Buyers of Paris Property

magazineHave Americans finally out-bought the Italians? You may not hear a ton of Italian spoken in Paris (at least I don’t) but Italians are the #1 nationality, after French, that bought apartments in the city last year. Or so it was thought until final numbers recently came in. It was Americans who, for the first time, were the #1 non-resident nationality to buy pieds-a-terre and investment property in Paris. This is according to Olivier Cheilan, writing in one of those slick apartment magazines published by real estate companies. (He does not cite his sources.) On the other hand, there are a lot of American selling apartments, too, recently. New laws passed to put airbnb and other short-term rentals in check have resulted in some investors cashing out.

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