Beautiful Paris, the capital and most populous city of France, is the most popular city in the world for travel and life. Paris is a city where almost all the people of the world are familiar with its unique name and features and wish to one day walk in this beautiful city along the Seine, in the corridors of the Louvre Museum, or on the Champs-Elysees. Paris is the focus of artists and art critics, culture and literature, and innovation in all social and scientific fields.

It is one of the most important cities in the world and many international organizations as well as the largest companies in the world are located in this city; so it’s one of the best investment opportunities in the world that you can achieve with Homefrance Investment Agency. With the following brief introduction from Paris, we will get acquainted with this beautiful city, and then we will get acquainted with the features of Paris, the real estate market as well as investing in Paris in more detail.

Paris = France

Introduction to Paris; A city that never sinks

The great and historic city of Paris has experienced many dynasties as well as five popular revolutions over the years. These experiences, along with the arrival of many races and peoples in this land, have made Paris, as the capital of France, one of the richest and most diverse cultures among the rest of the world. The title of this section is taken from the Latin phrase Fluctuat nec mergitur, which is the motto of the city of Paris and is located on the flag of this city.

Today, the city is one of the most important European centers for investment, diplomacy, trade, fashion, art and science. This beautiful and popular city is the second most expensive city in the world after Singapore in 2018, according to the Economist Group’s information department (Zurich, Hong Kong, Oslo and Geneva are the next most expensive cities in the world). In 2019, Paris hosted more than 38 million travelers (based on hotel accommodation) from around the world. The city has the highest number of visitors from the United States, the United Kingdom, Germany and China. In addition, in 2019, Paris was ranked as the second most visited destination in the world after Bangkok (capital of Thailand) and before London.

Paris is at the heart of France’s rail and road network and also has two international airports: Paris-Charles de Gaulle (Europe’s second busiest airport) and Paris-Orly. The intercity public transport of Paris is operated by the metro network, which has been operating since 1900 and is the second busiest network in Europe after the Moscow metro.

Paris’s museums and architecture are also world-renowned. The Louvre Museum is the most visited art museum in the world in 2019 with 9.6 million visitors. In addition, there are many museums and historical sites in the city that are unique in the world.

The unique international features of Paris are not limited to tourist destinations. It is one of the most active and stable economic and investment centers in Europe, and many international investors choose this city as the destination of their assets. In addition, Paris has traditionally had the best real estate market for buying and renting in recent decades. For this reason, in recent years, many investments have been made in the field of home purchase in this dream city.

General information

Paris is the largest and most populous city in France, located in the northern and central half of France. Paris is strategically located so that other parts of France can be easily reached. The city of Paris was historically chosen as the capital in 508 AD by the first king of the Merovingian dynasty, Clovis the Frank, and has always been the capital of governments within the geographical area of present-day France.

The city of Paris is the center of the Paris department as well as the center of the آle-de-France district. The city has a population of more than 2 million and 150 thousand people (according to the statistics of 2020) in a land area of 105 square kilometers. The population of the metropolis of Paris, Ile-de-France, or the Paris region, is estimated at 12,278,000, or 18% of France’s population, by 2020. The Paris region has a GDP of $ 808 billion (€ 709 billion).

Geography of Paris; A city that springs from age

Paris is located in the northern parts of central France on the banks of the Seine. Paris has historically been extensively developed around the northern bends of the Seine, which include the two islands (Saintle Saint-Louis) and (Île de la Cité). Island of Île de la Cité is the historic and old part of the city, which includes Notre Dame Cathedral. Paris is generally a flat city, but it includes several famous hills, the most famous of which is called Montmartre.

Paris weather; Oceanic climate

The typical climate of Paris is temperate and humid during the year. Summer days generally have a pleasant temperature between 15 and 25 degrees Celsius, which rarely reaches more than 30 degrees. Spring and autumn are mild days with cool nights, but the climate is highly variable and rain showers are common. In winter, the days are cool and the nights are cold, and frost is rare. It snows every year, but generally it does not snow. Despite this temperate climate, the city is known for intermittent heavy rainfall.

Cities and neighborhoods near Paris; the heart of France

In this section, we introduce some cities near Paris that can attract your attention for travel and accommodation.

  • Sceaux; through the last RER B metro station you can reach the pleasant town of Sceaux, which has a beautiful palace and a pleasant environment to explore. There are also many pastries and delicacies that you can enjoy while sightseeing.
  • Versailles; the city of Versailles, with its great and famous palace, is one of the most spectacular cities of Ile-de-France. In addition to the palace, a spectacular city awaits you, full of museums, cafes and strange architecture. One of the interesting points of this city is the birthplace of the game of tennis, in addition to the fact that you can pick the ripe fruits of this city in autumn.
  • Senlis; this historic city is located one hour from the center of Paris. In addition to museums, the city houses a historic monastery, the ruins of an ancient Roman stadium, and a medieval crypt.
  • Saint-Germain-en-Laye; it is only half an hour away from the center of Paris using the RER A line. In addition to beautiful architecture and delicious food, the city also has a large forest and an old palace that was the birthplace of Louis XIV.
  • Provins; It is a city two hours from the center of Paris. Provins is a preserved medieval city worth more than a day’s stay and a visit to the streets and houses, monasteries and mysterious tunnels.

Other cities near Paris include Meaux, Auvers-Sur-Oise, Fontainebleau, Rueil-Malmaison, Chantilly, Chevreuse and Montfort L’Amaury. These small and pleasant towns can attract your attention to have a pleasant trip and stay in the Paris area.

Transportation in Paris; Extent in transit services

Paris’s transportation system is one of the most extensive transportation networks in the world, which uses a variety of means to transport passengers within Paris. Paris has three international airports, including Paris-Charles de Gaulle, Paris-Orly, and Beauvais-Tillé. Charles de Gaulle Airport is the busiest airport in the European Union and the fifth busiest airport in the world. After the establishment of high-speed rail lines between French cities, domestic flights to cities such as Lyon, Marseille and Strasbourg were drastically reduced, so that now most domestic travel in France is via high-speed TGV lines.

Paris has six major train stations, the largest and busiest of which is the North Station. Paris-North Station (Gare du Nord) is the world’s busiest train station outside of Japan, handling more than 262 million passengers in 2015. The Paris Metro system, which has been in operation since 1900 and handles 23.5 million passengers daily, is the second busiest metro network in Europe after the Moscow Metro. In addition, Paris has provided 9 tram lines for passengers.

Paris’s road and water transport are also very popular. Another feature of Paris is the use of bicycles for short and medium distances. Paris has 440 km of exclusive bike lanes. It also uses a bike sharing system that splits more than 20,000 public bikes into 1,800 stations and can even be rented for one-way transportation.

Transportation in Paris

The economy of Paris; Market-based economy and services

The economy of Paris is based on the pillars of services and trade; Of the 390,000 companies in the city, more than 80% of companies are active in the fields of trade, transportation and various services, 6.5% in construction and 3.8% in industry. In addition, more than 38 major companies in the world are on the list of 500 largest companies in France. Here are the top Ten French Companies operating in Paris:

  • AXA; 27th in the world; a multinational insurance company specializing in international insurance, investment management and other financial services.
  • Total S.A; 28th in the world; a multinational company that operates in all activities related to the oil and gas industry.
  • BNP Paribas; 44th in the world; A French multinational bank that is the 8th largest bank in the world in terms of assets.
  • Carrefour; 68th in the world; a multinational company operating in the field of retail.
  • Credit Agriculture; 82nd in the world; It is a French bank and the largest cooperative financial institution in the world.
  • EDF and Engie; 94th and 104th in the world, respectively; These two companies operate in the fields of production and provision of electrical services.
  • Peugeot; 108th in the world; the famous Peugeot car company, which is the largest subsidiary of PSA.
  • Société Générale; 121st in the world; is a French investment bank and provider of financial services.
  • Renault; 134th in the world; It is a multinational car company with a familiar name

Paris real estate market; Profitable long-term investment by buying a home

 The city of Paris has had one of the most stable and reliable real estate markets in the world in recent decades. Despite the global financial crisis, the French real estate market, especially Paris, was able to quickly return to normal and had little effect. One of the unique features of the French real estate market is the high demand for Parisian homes.

Most of these demands are from international investors, especially in Italy, the United States and the United Kingdom. In addition, in recent years, many investors in countries with volatile economies such as Italy, Greece, and the Persian Gulf countries have been investing in the French real estate market. They move their assets to Paris for the sake of stability and a good return on investment. Apart from this, living in Paris, with its inexhaustible beauty, rich culture and cuisine, is a dream for many people around the world.

According to statistics, in 2019, the price per square meter of an apartment in Paris is just over 10,000 euros, which grows by 6.6% every year. Also, the price per square meter of a villa in the Paris area is worth 313 thousand euros, which is growing at a rate of 0.4 percent per year. For this reason, many investors invest in apartment houses in order to benefit from a sustainable profit of 6.6% per annum; all you have to do is contact our Homefrance experts to find out about these pristine situations.

Paris has six major train stations, the largest and busiest of which is the North Station. Paris-North Station (Gare du Nord) is the world’s busiest train station outside of Japan, handling more than 262 million passengers in 2015. The Paris Metro system, which has been in operation since 1900 and handles 23.5 million passengers daily, is the second busiest metro network in Europe after the Moscow Metro. In addition, Paris has provided 9 tram lines for passengers.

Paris’s road and water transport are also very popular. Another feature of Paris is the use of bicycles for short and medium distances. Paris has 440 km of exclusive bike lanes. It also uses a bike sharing system that splits more than 20,000 public bikes into 1,800 stations and can even be rented for one-way transportation.

Education in Paris; Introduction of prestigious Parisian universities

The Paris department has the highest educated population in France. In 2009, more than 40% of the population of Paris had a bachelor’s degree or higher. Parisian universities are generally public and tuition is free, but higher education and postgraduate education are generally private and students must pay for their education. However, these schools use various scholarships to attract elite people. The existence of these diverse universities in Paris has led many students to choose to live and study in France. In the following, we will briefly introduce the top universities and educational institutions in Paris.

  • University of Paris, historically known as the Sorbonne; Founded in the 12th century in 1970, the university split into 13 independent universities for student demonstrations that spread throughout Paris.
  • Normcole Normale Supérieure; Founded in 1794, it is a private school with more than 2,400 students from around the world.
  • Engineering schools run by the Paris Institute of Technology include the École Polytechnique, École des Mines, AgroParisTech, Télécom Paris, Arts et Métiers and the École des Ponts et Chaussées.
  • Business-related schools also include HEC, INSEAD, ESSEC and ESCP Europe.
  • Sciences-Po School of Political Science is one of the most prestigious educational institutions in this field.
  • The most prestigious university of social sciences École des hautes études en sciences sociales and also the most prestigious university of economics and finance Paris-Dauphine are located in Paris and are public universities.
  • CELSA School of Journalism, Paris; it was part of the Sorbonne University in France.
  • Private, prestigious and international high schools in Paris also include Lycée Louis-le-Grand, Lycée Henri-IV, Lycée Janson de Sailly and Lycée Condorcet.

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