How come rents for high-end real estate in Paris are vastly higher than in London? Sales prices on the other hand are vastly lower.
Are the prices so high because people in Paris are willing to pay much higher rents more people in London? Or are they so high because renting in Paris is super risky for the landlord due to aggressive tenant protections?
So to be clear, are rents in Paris vastly higher in general, or just for "high-end real estate"? If just the latter, then great, sounds like the policies are working.
Oh, rents in Paris are sky high regardless. Renting is also super difficult because landlords are terrified of tenants.
It’s just easier to compare the high-end of the market because offering is similar and concentrated in central areas, whereas lower-end real estate is scattered across lots of very different areas.
Are the prices so high because people in Paris are willing to pay much higher rents more people in London? Or are they so high because renting in Paris is super risky for the landlord due to aggressive tenant protections?