12:59 PM, Apr 28, 2022
Photo by Hugo Delauney on Unsplash
As someone who works in the Parisian and London property markets I often get asked about which city has the most investment potential. With the UK exiting the European union after Brexit this question has went from a financial interest to something of a political one.
People are not really that interested in which one will outperform the other and therefore which one could potentially make the most money in a portfolio.
Rather people seek to validate their own personal preference to how they view the actual process of Brexit. If London property increases in value then that would mean Brexit could be seen as something of a success, on the other side if London property falls then it was a bad idea.
My own opinion is that Brexit will have very little to do with how the respective markets move. Property prices and rates of change have so many moving parts and so many different influences.
I look to attempts to predict house values through computing and I have witnessed so many different disasters there. The property system is too complicated and too chaotic to have one single factor influencing it, no matter how large or contributory it is.
We can look at the background financial platforms, the different central banks and regulatory systems and these in effect have not changed. The ECB and the BOE have their own monetary systems and it is business as usual there.
Possibly the demand on London prices might change if more foreign people left and less arrived with the UK having more control on immigration. But it seems as though the numbers of people in the capital have actually grown. The skills based migration system that has been brought in has allowed migration to rise.
The only way in which there will be a rapid deviation in the 2 cities will be some event that comes at us that we did not prepare for. Something that we cannot predict.
My advice to people on enquiry about which one is going to do better is that both will be fine and will progress at fall much on the same trajectory. Really on something as important as property and land, Brexit has very little impact, so far.
If you are looking for a bridging loan in London or areas outside like Norwich then look to our brokerage friends Pinerock who specialise in .
Introducing Alex Ross, a seasoned consultant and the driving force behind Ross and Partners, a reputable firm specializing in property sourcing and purchase for a select clientele in France and the UK. With a deep understanding of the real estate market and a commitment to providing top-notch service, Alex and his team excel in meeting the unique business and personal property requirements of their esteemed clients.
Alex's journey in the world of property consultancy began with a passion for helping individuals and businesses find the perfect properties tailored to their needs. With extensive experience and expertise in the field, he recognized the importance of a bespoke approach to property sourcing.
What does the French word Pigalle mean?Alex Ross
6:29 PM, Sep 10, 2022
Pigalle is the common name for the neighbourhood in Paris that is located around Pigalle Square and lies between the IX and XVIII administrative districts. French sculptor Jean-Baptiste Pigalle, who lived in the 18th century, serves as the square's patron.
What is the dress code for Moulin Rouge Paris?Alex Ross
6:22 PM, Sep 10, 2022
What should I wear? When spending an evening at Moulin Rouge, you must dress appropriately; shorts, Bermuda shorts, flip-flops, sportswear, and athletic footwear are not allowed.
Which arrondissement is Champs Elysees?Alex Ross
6:16 PM, Sep 10, 2022
The 29th administrative neighbourhood of Paris is Champs Elysees. It is situated in the 8th arrondissement and spans 114.1 acres. The lovely avenue bearing the same name, Avenue Matignon, and Avenue Gabriel round the Champs Elysees neighbourhood to the north.
What is the oldest village in France?Alex Ross
6:09 PM, Sep 10, 2022
Marseille, which is the oldest city in France and one of the oldest continually inhabited communities in all of Europe, was established by Greek colonists from Phocaea around 600 BC.
Where do most English live in France?Alex Ross
6:03 PM, Sep 10, 2022
The Ile-de-France area, which contains Paris, is the most popular place for British expatriates to dwell, with over 20,000 of them living there. There are over 200,000 British expats living in France overall.
Can you walk up the Eiffel Tower for free?Alex Ross
5:56 PM, Sep 10, 2022
The gardens and esplanade beneath the Eiffel Tower can be accessed for free. All you have to do is stand in the line for non-ticketed guests at entry 1 or entry 2 of the Eiffel Tower to go through security checks.