UpperKey: The simple solution to leasing your Paris property
If you already own a Paris apartment, or you’re considering buying one as an investment, UpperKey should be your first choice in achieving the very best from your apartment.
By providing the complete management and rental service, backed with our excellent, guaranteed rental income for Paris properties, we are committed to providing all of our clients with an exceptional level of assistance and return.
You’ll not only reap the rewards financially but also of the time that we free up for you. This is time you should be spending on the more important things in life—like sipping on a cocktail or finally writing your memoirs. We can give you this time back, to really live, so why not leave all the hard work to us?
What makes Paris a great city for property investors?
Paris: A property market rich in business and tourism
With its rich gastronomic reputation, culture and stylish inhabitants, this beautiful city thrives in both business and tourist markets.
- Furnished and unfurnished—short- and long-term leases
- Terminating a property lease in Paris – Landlord giving notice
- Terminating a property lease in Paris – Tenant giving notice
- The use of the Huissier during tenancy terminations in Paris
- Sample letter giving notice to the tenant in Paris
- Sample letter of termination of the tenancy agreement by the tenant
- Keep records at every step of the process—you don’t know when you might need them
- A sturdy investment environment for property owners throughout Europe
Paris attracts investors from all over Europe. The market continues to remain stable despite the global financial crisis and domestic policy changes, simply because its demand for property is far greater than the supply.
Without a doubt, Paris is one of the safest property investments throughout France.
A few points the potential Paris property investor needs to know
It’s a little harder work for a tenant to rent a property in France. Agencies need more paperwork, so often the savvy apartment letter will use a British Estate Agent in France to handle the proceedings.
It’s imperative that regulations are adhered to, so a complete understanding of the differences between French and UK contracts is a must.
Property and rental values in Paris
Despite being cheaper than London properties, those in Paris are still more expensive than those in other European capitals such as Berlin and Madrid.
How much money do you need to buy an apartment in Paris?
You’ll need, given the averaged out pricing, around £9.5k per square meter (€11.1k) to buy into London’s property market.
- The lowest-priced properties currently stand at around £8.5k/m2 with the top end at £12.7k/m2. (€10k–€15k)
Typical rental prices in Paris
- A single bedroom apartment in the city centre offers an average rent of around £1k/month. (€1.2k)
- The bottom end of the market offers one-bed apartments at approaching £700/month and top-end prices of around £1.2k/month. (€800–€1.5k)
- A three-bedroom apartment in the city centre will achieve an average rent of around £2.2k/month. (€2.6k)
- At the time of writing, Paris’s three-bed apartment rentals ranged from £1.7k to £2.9k per month. (€2k–€3.5k)
UpperKey works efficiently and effectively to provide great value, but also to maximise profit. By offering the generous guaranteed rent scheme Paris apartment owners need, within current market prices, we’re confident that we’re the best you’ll find.
How do Paris rents compare to those in London?
City centre rentals in Paris are considerably lower than their London rivals.
However, the rental yields are still somewhat similar
London property prices are higher than those in Paris, but the difference isn’t as great as it is between their rental rates.
So when it comes to the gross rental yields in both city centres, Paris’s average actually falls lower, at a rate of 2.52% as opposed to London’s at 2.89%.
Another important consideration for the investor is France’s mortgage interest rate at a mere 1.63% compared to the UK’s 3.31%. How and where you make your investment or choose to pay for it, is one more matter worthy of investigation and consideration.
As such a cosmopolitan city to work and play, Paris will always be a prime letting opportunity
With so many fascinating and wonderful things to see, places to visit and culture to embrace, Paris will never be short of tourists, business visitors and new residents. However you choose to fill your apartment, it’s unlikely you’ll be short of offers.
Key influences when letting a property in Paris
Short-term rentals in Paris are estimated to earn 2.5 times more than a conventional lease.
This suggests that utilising a property for tourism in the private hospitality market is an excellent opportunity waiting to be taken advantage of.
Rental rules for Paris lettings
A Paris property owner may only let their primary residence out for 4 months each year. It doesn’t matter if they rent their home to one or a number of different tenants or renters—4 months is still the limit.
If owners wish to rent out their property for a longer term or to let a secondary property, they must acquire the correct authorisation and paperwork. This means applying for a change of usage from residential to commercial.
Location, location, location
The premium locations are those nearest to the delights and attractions Paris has to offer.
The unique way Paris’s districts, or arrondissements, are mapped makes them easier to navigate and understand.
Despite each having their own name, the 20 districts are also numerically coded.
The locals will tell you, “Elle habite dans le sixième” (she lives in the 6th) or alert you to a great hotel in the 4th, instead of describing them by name.
The arrondissements are arranged in a spiral from the centre outwards, in a clockwise direction. At the centre is the 1st, Louvre, where the system begins. And, at 13km across at its widest part, Paris isn’t too big a city to traverse if you’re built that way, however you choose to do it.
Paris’s arrondissements municipaux — the administrative districts
As well as being named and numbered, the arrondissements are also considered by their location to the river Seine.
Arrondissements 1 to 4 are set on the right or north bank, with the 5th to 7th on the left bank. 8 to 12 form a second arc on the right (north) bank and 13 to 15 complete the line-up on the left (south). The final four, 16 to 20, create the outer circle over the right side (north bank).
1st Ie Right bank Louvre
2nd IIe Right bank Bourse
3rd IIIe Right bank Temple
4th IVe Right bank Hôtel-de-Ville
5th Ve Left bank Panthéon
6th Vie Left bank Luxembourg
7th VIIe Left bank Palais-Bourbon
8th VIIIe Right bank Élysée
9th IXe Right bank Opéra
10th Xe Right bank Entrepôt
11th XIe Right bank Popincourt
12th XIIe Right bank Reuilly
13th XIIIe Left bank Gobelins
14th XIVe Left bank Observatoire
15th XVe Left bank Vaugirard
16th XVIe Right bank Passy
17th XVIIe Right bank Batignolles-Monceau
18th XVIIIe Right bank Butte-Montmartre
19th XIXe Right bank Buttes-Chaumont
20th XXe Right bank Ménilmontant
You’ll also find that they correspond by district to their postal codes—75001 to 75020 in central Paris—and on street signs via the Roman numeral system.
Which are the ideal ‘work, rest and play’ districts in Paris?
Arrondissements: 1st, 2nd, 3rd, 4th, 10th
Districts: Ile St-Louis, Ile-de-la-Cité, Louvre, Les Halles, Marais, Grands-Boulevards, Montorgeuil, République, Canal St-Martin
The least populated and the smallest by area, Louvre is home to the museum of the same name and the Tuileries Gardens. Those visiting will be in walking distance (as everything in the area is) of the Arc de Triomphe, the Les Halles shopping mall, and an abundance of museums and galleries.
As well as playing home to those popular tourist attractions, it is also one of the most active business districts. The population may only be 16k, but the area is a host to over four times as many jobs as it has residents.
Another important business district is Bourse. Home to the Paris stock exchange and several major banking headquarters. There is also a selection of theatres here, including the Opéra-Comique’s Salle Favart, as well as plenty of shopping amidst the commercial arcades.
Marais is a little more peaceful and less touristy, populated with designer boutiques and art galleries, yet still with a selection of lush parks and hidden fountains. Marais is Parisian romance personified. It’s a wonderful place to stay with a diverse mix of independent galleries and specialist stores. It’s central, grand and fabulously old-fashioned. It’s also home to a thriving LGBTQ+ community.
Visitors who prefer a lively food shopping experience and plenty of bars for taking a well-earned break will delight in Montorgeuil, as they could at République and Canal St-Martin with their hipster-heavy habitation.
Arrondissements: 5th, 6th, 7th, 13th, 14th, 15th
Districts: Bibliothèque François Mitterrand, Panthéon-Sorbonne, St-Michel, St-Germain-des-Près, Invalides, Champs-de-Mars-Tour Eiffel, Convention, Alésia, Butte-aux-Cailles, Montparnasse
The Left Bank includes several safe residential districts, yet is still full of Parisian charm.
There are condo-style apartments in Bibliothéque as well as rooftop restaurants. Public transport is well catered for with the high-speed link Line 14 link to the city centre.
The Latin Quarter of Panthéon, Sorbonne and St-Michel is home to narrow streets littered with an array of quaint bookshops and simple bistros.
Then there’s the once shabby but now utterly chic, St-Germain-des-Prés—home to the most expensive of restaurants, galleries and designer boutiques.
Arrondissements: 8th, 16th, 17th, and the Western suburbs.
Districts: Madeleine, Trocadéro, Champs-Elysées, Auteuil, Monceau, Ternes, Neuilly-sur-Seine, Levallois, Boulogne-Billancourt
Western Paris is home to the smartest districts. The buildings offer apartments with marble entrances, balconies and elevators. There are plenty of local shops, including fresh food markets and clothing boutiques, as well as spacious parks and gardens.
The apartments of Monceau and Ternes are a little less expensive, accordingly, given that their locations are slightly further from the city centre. What they offer though, is the fresh air and freedom of Parc Monceau—20 acres of curved walkways, statues and plenty of play areas for local families and visitors alike.
Champs-Élysées is home to France’s most famous shopping street. This dazzling neighbourhood is a brilliant base for exploration. There are plenty of top artist attractions nearby, must-visit markets, as well as some of the smaller yet prettier parks Paris has to offer.
Arrondissements: 9th, 17th, 18th
Districts: Batignolles, Montmartre, Pigalle, Notre-Dame-de-Lorette
As visitors travel further from the city centre, the prices to stay in Northern Paris fall accordingly.
Batignolles is popular with young families for its parks, cafés, bistros and fresh food markets, where Montmartre offers up homes with gardens, and picturesque staircases that lead to the town hall and lively market. Its streets are flush with retro cafés and ivy-clad apartments. It’s just how most visitors imagine Paris to be.
In Pigalle we find the Moulin Rouge and a host of Paris’s sex shops. However, it’s also home to the latest trends in fusion bistros, concept hotels and cocktail bars. It’s famous for nightlife with every taste and type you could hope to wish for. Rue des Martyrs is a food haven with boulangeries, chocolateries and cafés—all perfect for people watching and soaking up the atmosphere.
Arrondissements: 11th, 12th, 19th, 20th
Districts: Bastille, Buttes-Chaumont, Ménilmontant, Nation
Eastern Paris is the most working-class of the districts. Popular with first-time buyers and less expensive neighbourhoods that still offer an abundance of charm.
Bastille offers plenty of excellent eateries that won’t break the bank. It’s also easy to find more affordable Paris chic in the many boutiques, as well as a strong line-up of entertainment at Opéra Bastille.
How many tourists visit Paris each year?
With so much to see and do, so much culture and style to soak up, Paris is a cosmopolitan mecca for tourism.
The city sees over 38 million tourists each year. Over 24 million are international overnight visitors to the city. The total tax revenue for tourism in Paris is €83million, with a substantial €3.7billion generated by its hotel trade.
Drawn to popular visitor attractions, it’s easy to understand why the French capital is so popular with domestic and international visitors and investors alike.
- The Eiffel Tower
- Centre Georges Pompidou
- Arc de Triomphe
- Musée d’Orsay
- Disneyland Paris
- Louvre Museum
- Notre-Dame de Paris
- Basilique du Sacré-Cœur
- The Musée du Quai Branly
- The Champs-Élysées
- Maximising property investments with guaranteed rent in Paris
By accessing the tools and services UpperKey bring to every apartment we manage, our clients stand to gain more from their Paris investments than they’d ever hoped.
Our standard policy offers one of the most competitive guaranteed rent schemes in Paris. Not only does this remove risk, it adds the certainty of income every investor hopes for.
Our guaranteed property rental schemes are working for apartment owners throughout France’s capital. Read our excellent testimonials to find out how they’re working out for apartment owners just like you.
Not only do we remove all the typical stresses associated with promoting a rental property, its upkeep and finding suitable tenants for them year-round, the additional advantage enjoyed by all our clients is the time it frees up for them. Whether you choose to pursue further business opportunities or engage in leisure activities, you can’t buy the type of free-time UpperKey brings.
We’re confident that we’re the best choice of the guaranteed rent companies and agents in Paris. We’ve proved it time and time again, for owners in every arrondissement.