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Summary: Starting on the 6th local time, Paris, France will sell the first batch of houses worth 5,000 euros per square meter, which is half of the normal market price, but the property rights are only 99 years old.
Paris, France (data map)
Overseas Network, April 6th. Starting on the 6th local time, Paris, France will sell the first batch of houses worth 5,000 euros per square meter, which is half of the normal market price, but the property rights are only 99 years old.
According to the “Parisian” report, the Paris City Council has been conducting a “separation of land and building” housing plan since 2017, aimed at coping with rising housing prices. At present, the average house price in Paris exceeds 10,000 euros per square meter. The deputy mayor of housing affairs Ian Brossa said that the price of this new type of house is only half of the current house price, which is about 5,000 euros per square meter. But what buyers buy is only the house, not the land, and the property right of the house is only 99 years old. Buyers have the same rights as ordinary owners, but they need to pay a land use fee of 2.5 Euros per square meter per month.
From April 6 to 30 this year, the first batch of 23 “small property houses” will accept purchase applications. The real estate is located in the 14th arrondissement of Paris. By 2026, Paris is expected to build and sell 6,000 houses, of which 1,000 will be sold in 2022.
This housing model has appeared in the United States in 1980, and some local governments in France have also introduced this model of housing, such as Lille, Rennes and Lyon. The “small property house” launched by Paris is mainly sold to middle-class families, and a special committee considers family income, personnel composition, and connections with Paris to select house buyers. Buyers must first meet certain rigid standards, such as income must not exceed a certain upper limit, and the house must be the main place of residence. In addition, the Paris city government has also added some selection criteria, such as the necessary contact between the buyer and Paris.
The deputy mayor of Paris, Ian Brossa, also stated that once the buyer of this type of house dies, the property can be left to the heir. If the heir’s income exceeds the legal limit, the Paris Land Administration will revalue it according to the inflation index. Buy housing. (Overseas Network-Paris-Lu Jia)
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