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Home » New or old in Paris: why price is not the real criterion of choice
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New or old in Paris: why price is not the real criterion of choice

By News Room29 July 20263 Mins Read
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New or old in Paris: why price is not the real criterion of choice
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New generally displays a premium 20 to 30% compared to the old one in the same neighborhood. “In a sector at 10,000 euros per square meter, you will be around 12,000 or 13,000 euros in new properties,” summarizes Matthieu Takissian, real estate agent at Haussmann Prestige. However, he immediately warns against too hasty a conclusion: “There aren’t really any universal rules. » For him, only compare the price purchase comes down to looking at part of the problem.

The first gap is reduced from the momentacquisition. THE notary fees reach 7 to 8% in old buildings, compared to 2 to 3% in new buildings. To this may be added, depending on the programs, a temporary exemption from property tax and energy expenditure lower thanks to the latest insulation standards. Conversely, a apartment old can quickly require a budget works consequently.

The character of the old or the tranquility of the new?

In Paris, a renovation complete generally costs between 1,200 and 2,000 euros per square meter, even more in a Haussmann apartment or under the roof. But, for Matthieu Takissian, the choice does not only depend on estimate artisans. Some buyers seek above all “an old parquet floor, moldings or a period fireplace. Whatever the amount of work, they will be forced to opt for an old apartment”he observes. For them, the stamp is an integral part of the value of the property.

Conversely, those who choose new do not necessarily do so to achieve a better financial transaction. They mainly buy serenity. No construction site to pilot, fewer technical hazards, better insulation thermal and phonic, guarantees manufacturer… “It’s above all a question of mental comfort, and also of comfort in general”summarizes the real estate agent.

The best purchase also depends on your profile

THE DPE further strengthens this arbitration. Since January 1, 2025, housing classified G can no longer be offered for rental, a ban which will be extended to housing F in 2028 then E in 2034. Many old apartments, particularly under the roof, therefore require significant insulation work. But here again, not all projects allow the expected performance to be achieved. “There are physical barriers to improving the insulation of an apartment”reminds the real estate agent.

In the end, there is no magic threshold from which the new would automatically become more interesting than the old. The figures make it possible to rule out certain projects that are too costly, but they do not replace the priorities of thebuyer. Anyone who dreams of a Haussmann-style apartment will often accept major work. Anyone who fears the unexpected will prefer to pay more to move in immediately. The correct calculation ultimately consists of adding two criteria : THE overall cost…and your tolerance to construction site.

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