China, the #1 nationality of foreign buyers in Paris
The Chinese buyers are now the most active foreign buyers in Paris (Q1 2019). Indeed, according to the association of notaries called Notaires du Grand Paris, the Chinese now represent 14% of foreign buyers in Paris.
Chinese buyers in Paris 3rd arrondissement
What’s more, the Chinese exceed 17% of the foreign buyers in the 3rd arrondissement. However this isn’t surprising, as this is where stands the oldest Chinese community of the capital.
Do they spend more than other foreign buyers?
In terms of budget, the Chinese are among the biggest foreign buyers in France, with 520.000€ on average. Top 20 foreign buyers by average budget:
- Lebanon (726,476 euros)
- Norway (546,609 euros)
- China (523,229 euros)
- Russia (502,267 euros)
- United States (452,399 euros)
- Sweden (437,799 euros)
- Canada (432,948 euros)
- Denmark (389,255 euros)
- Ireland (387,458 euros)
- Luxembourg (339,092 euros)
- Germany (338,188 euros)
- Switzerland (317,531 euros)
- Italy (305,341 euros)
- Australia (269,864 euros)
- United Kingdom (252,219 euros)
- Tunisia (240,822 euros)
- Spain (236.155 euros)
- Portugal (234.416 euros)
- Netherlands (229.421 euros)
- Belgium (228.926 euros)
How to sell to Chinese buyers?
Read this article if you want to learn more about how to sell properties to Chinese buyers.