Sometimes people are lucky enough to be transferred to Paris for a job, or visitors to Paris fall so in love with the city that they decide to move there.
In these situations, it is important to become familiar with the real estate market and the process of buying property in Paris.
A good first step in buying property is to find a real estate agent. An effective agent can familiarize you with neighborhoods, provide analyses of the market so you can understand what constitutes a good deal, and generally guide you through the entire process.
Finding the right agent may take some research; get agent referrals from others who have bought property in Paris, and make sure that your personalities mesh well, because chances are, you will be spending a good deal of time together.
As Paris is a city with many older neighborhoods, be aware that purchasing an older property can lead to large renovation bills.
The good news is that the French government has a financial incentive program with interest-free mortgages and tax credits for those who undertake renovations such as wall insulation, energy-efficient windows, heating systems, and water heaters.
Even if you do not pay French income tax, if you are a resident of France, you can take advantage of these incentives.
