The City of Paris is unstoppable in its drive to develop social and affordable housing in the capital. Paris City Hall is happy to use the weapon of pre-emption, having signed just over ten transactions in two months for a cumulative amount of €67 million.
A comprehensive study by real estate consultancy Newmark published in mid-November 2024 counted 84 transactions in almost two years, for a total of €1.1 billion, resulting in the creation of just over 2,000 housing units.
Paris mayor Anne Hidalgo has announced a target of 40% "public" housing by 2035, including 30% social rental and 10% affordable housing. To reach the HLM quota within ten years, 4,200 new housing units per year would have to be produced. To which must be added over 100,000 "affordable" housing units to be created by 2035.
Pre-emptions since the beginning of the year have enabled the production of just over... 200 housing units. There's still a long way to go.
Publication date | Address | Borough | Amount | Commission | Percentage of social housing units declared | Declared program | |
1 | 16/01/2025 | 127 rue du Faubourg Saint-Antoine | 11th district | 15,5 M€ | Unspecified | 15.2% in Paris 11th on 01/01/2023 | Approx. 39 social rental units and 8 premises |
2 | 21/01/2025 | 20 rue Oudry | 13th district | 11,1 M€ | 250,000 excl. tax (at purchaser's expense) | 23.7% of Paris territory at 01/01/2023 | Approx. 42 social rental housing units and 1 retail unit |
3 | 24/02/2025 | 63 rue Dulong | 17th district | 8 M€ | 1,080,000 € incl. VAT (payable by buyer) | 19.2% in Paris 17th district on 01/01/2023 | Approx. 21 social housing rental units and commercial premises |
4 | 22/01/2025 | 24 rue Saint-Ambroise / 9 Rue du Général Guilhem | 11th district | 7,3 M€ | 692,000 incl. VAT (payable by the purchaser) | 15.2% in Paris 11th on 01/01/2023 | Approx. 29 social rental units and 1 commercial premises |
5 | 16/01/2025 | 155 rue De Rennes | 6th district | 7,2 M€ | 864,000 incl. VAT (payable by purchaser) | 4.4% in Paris 6th on 01/01/2023 | Approx. 18 social housing rental units and commercial premises |
6 | 17/02/2025 | 29 condominium lots at 5 passage Lepic | 18th district | 5,81 M€ | Unspecified | 23.7% of Paris territory at 01/01/2023 | Approx. 13 social rental units |
7 | 18/02/2025 | 47 rue de Provence / 39 rue Taitbout | 9th district | 5 M€ | 265,000 incl. VAT (payable by seller) | Not specified | Not specified |
8 | 10/01/2025 | 64 rue des Meuniers / 24 rue Nicolaï | 12th district | 4,4 M€ | 105,600 incl. VAT (payable by purchaser) | 23.7% of Paris territory on 01/01/2023 | Approx. 21 social rental units and a shop |
9 | 28/01/2025 | 60-62 rue Crozatier | 12th district | 2,83 M€ | 339,662 € incl. VAT (at buyer's expense) | Not specified | Approx. 20 social rental units |