Real estate: More and more Parisians are leaving the capital

The essentials More and more Parisians are leaving the capital. However, they don’t necessarily go very far, seduced by the charm of the outer ring, which offers them a better living environment.

Paris I love you but am I leaving you Yes, but don’t go very far. According to the notaries of the greater Paris area, Parisians are leaving the capital to cross the ring road. An economic report shows that the proportion of Parisians shopping in Paris has fallen by 8% in one year.

Over the past decade, an average of 62% were bought in Paris. In the second half of 2020 it is only 54%. In other words, out of 100 buyers in the capital, half is left while the other is leaving.

Intramural Paris has lost 50,000 inhabitants in 10 years

“To say that this is an exodus, however, is a bit of an exaggeration,” analyzes Mathieu Ferrié. For the head of external communications at the Supreme Notary Council – French notaries – there was always a back-and-forth movement in the capital. “Certain districts are continuing to gain residents. We cannot say that there is total desertion. We are finding that there has been an eviction to get to the outskirts.”

An intuition that is confirmed by INSEE’s numbers. According to the latest information, Paris has been losing residents for almost ten years. From 2013 to 2018, the capital lost 50,000 inhabitants or 0.5% of its population.

+ 11% for purchases in the inner suburbs

The big winner of the phenomenon is the Grand Paris. Small crown purchases increased 4%. This is 11% for the outskirts with the departments of Val-d’Oise, Yvelines, Essonne and Seine et Marne. The logical consequence of this move towards more space is that we are buying more houses: + 10% and + 11% in the 3rd and 4th quarters compared to 7% and 9% in the last decade.

The pandemic has accelerated the search for a better living environment, with closeness to nature and larger spaces having a lot to do with it. Charles Flobert of Greater Paris Notaries explains to the Parisian that couples were reassured to find good schools in the suburbs while education could be a big drag.

Mathieu Ferrié also sees the rise of a new way of life in these trips: “We see how some families in Paris swap a large apartment for a smaller one and buy a large house in the provinces. House in which the family can live more easily. Es is possible that we go to a primary residence “.