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Thursday, 3 November 2011

Paris apartment rip-off - 3m2 for €29,000!

Thinking about buying an apartment in Paris? Here's one that's definitely worth avoiding.

A three square metre Paris apartment for €29,000 (screenshot from De Particulier à Particulier advertisement)

Property prices in Paris and its immediate suburbs have stood up well to the general economic downturn.

Although there has been a slowdown in the increase in recent months, it's still hard to find a bargain of any sort with two-room apartments being especially sought after.

Studios for the capital's large student population are also at a premium, a factor which has not gone unnoticed by what can only be described as one money-grabbing vendor.

In what the French men's magazine website Gentside describes as being "surely nothing more than a scam" an apartment measuring just three square metres is on sale in the French capital for the princely sum of €29,000!

Maybe a few extra exclamation marks should be added - here goes.


Now let's get this straight - three square metres in estate agency speak in France doesn't even usually count as being big enough for a room (the minimum norm is nine square metres).

So what do you get for your money - apart from not even enough space for a bed let alone to swing the proverbial?

Well according to the ad' which appears in the weekly French magazine De Particulier à Particulier for those wishing to buy and sell privately without going through an estate agent, there's an electric radiator and a meter - presumably to tot up just how much heating and lighting the future purchaser will have to shell out.

There's also the possibility to install a skyligh,t although permission will have to be gained first from the syndic or the organisation comprising other apartment owners in the building.

Shared loo and washing facilities are also a feature of the "space" described as being "ideal for residential purposes or archive material" but at least it's in perfect condition and in a totally quiet location.

More exclamation marks please.


Extra costs include property taxes (around €36 a year) and monthly maintenance costs of €2.

And before you rush out to make an offer, don't forget to factor in the initial and obligatory costs of going through a notaire (around €240 for a property on sale at the advertised price).

Outrageous and a rip off most certainly - and let's just hope nobody is foolish enough to buy it.


james said...

Thanks for your great information. this is very important for every one who are going for holidays.
paris apartment

Sarah Johns said...

Whenever you proceed to register anything in you r name, you have to seek the help of a law firm in your locality. It is true that notaire en ligne helps producing affidavits and legal papers much easily, and saves a person from undue harassment.

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