Paris

Area: The 4th Arrondissement

Overview:

Market report - Paris:

In September 2022, Paris home prices were up 4.1% compared to last year, selling for a median price of €474,500. On average, homes in Paris sell after 46 days on the market.

Market Report - 4th Arrondissement:

In September 2022, 4th Arrondissement home prices were up 3.4% compared to last year, selling for a median price of $1.2M. On average, homes in the 4th Arrondissement sell after 41 days on the market.

Tourism Report:

Tourism in France is at an all-time high with a total of 89.4 million visitors in 2019, Paris alone had over 40 million visitors in 2019, with 15 million visiting EuroDisney, the most popular attraction; 7 million visited the Eiffel Tower and 8 million tourists visited the Louvre. France is the most visited country in the world and, in 2018 the travel and tourism industry contributed 193 Billion Euros both directly and indirectly.

The 4th Arrondissement is found just to the east of the first two. It is in the very centre of the city but has a very different feel. Here, you will find some major tourist sites including Notre Dame Cathedral and the Picasso Museum. But despite this, the 4th arrondissement has a very local vibe. It is packed to the brim with a diverse community of Parisians mingling in local cafés, bars and restaurants

Tourist Demographics

• The average size of the party: 2-1


• The average length of stay: 3.0 nights

• The average age: 34.2

• Male: 53.2%

• Female: 47.8%

Short-Term Rental Reports - 4th Arrondissement:

Average Daily Rate - €292

February: $295 (Valentine’s Day skews rates)

July: $345

The average Daily Rate (ADR) is the average booked nightly rate + cleaning fees for all booked days over the last year.

Occupancy Rate: 84%

February: 78%

July: 90%

The number of booked days is divided by the total number of days available for rent over the past 12 months. Properties with no reservations are excluded. This Occupancy Rate figure represents the median over the past 12 months.

Revenue

Average Revenue: $8,850

February: $7,100

July: $7,500

Property Demographic

we are looking to purchase a bedroom/1 bathroom unit, prices for this type of asset are valued between €650,000 - €700,000

Yield: 10 - 12%