THE THREE-BED FAMILY APARTMENT, THE RARE PARISIAN GEM

LE FIGARO MAGAZINE - BY JEAN-BERNARD LITZLER ON 27.12.2019

"There is a strong demand for family apartments and too little supply to cope with it.

The Parisian real estate market, especially for quality assets, suffers from a shortage in supply, it’s no secret. But there is a type of apartment that is even harder to find than one that is flawless yet compact: the classic 3-bed family apartment. As long as it benefits from an optimised floor plan and offers between 130 and 150 sqm of living space, rest assured that it will find a buyer very quickly.

"It is with this type of asset that the imbalance between supply and demand is the most flagrant in our market," said Charles-Marie Jottras, CEO of the luxury real estate company Daniel Féau. Many of these apartments do not even go through the advertising stage of marketing. They are offered directly to clients who are potentially interested, and believe me there are a lot of them! So, if you are looking for this type of property, it is in your best interest to contact a number of real estate agencies and visit them regularly to show them your interest. The demand for family apartments has been boosted by inexpensive loans, and these assets are particularly attractive to French customers as the foreign clientele is less responsive to low interest rates. The imbalance between supply and demand for family apartments is not about to change: low interest rates should continue, according to most analysts. And these are homes that will appeal to executives seeking to move before or after Brexit. In a capital where, according to the INSEE, the average accommodation measures 59 sqm for 2.7 rooms, a family apartment whose living surface is optimised shall remain a rare and sought-after gem in the long term."