![]() ![]() Home buyers are very often assisted by their parents or already have a property that they have managed to sell, but on a market in which there is little room for outsiders, or only outside of Paris, in the outermost suburbs”, explains Emmanuel Trouillard, housing researcher at the Paris Region Urban and Environmental Agency ( IAU Île-de-France). “ In Paris, we are no longer really in a market of first-time buyers. The former category has everything to gain from the current increase in property prices, which increases the value of their assets, or enables them to unlock the necessary funds to purchase housing in Paris for themselves or their relatives, thereby fuelling a highly limited movement of homeownership in the capital. Younger generations struggle to purchase a home and suffer from the now lower income levels. Paris’ residential stock is characterised by pronounced wealth inequalities between generations: older households enjoyed the national homeownership policy of the 1970s and, by purchasing their home, have generated a capital which has since been amortised. Locked in by the Paris beltway, densely built-up and increasingly expensive, Paris is faced with a conundrum: how can it continue to house low-income households against a backdrop of historically high property prices? Can the solution still be found in Paris itself, where hardly any affordable housing is still built? This unique characteristic for a European city is clearly the source of the difficulties that Paris is facing today in meeting its inhabitants’ needs for affordable housing. Its reduced surface area (105 km 2, as against 219 km 2 for Amsterdam, 892 km 2 for Berlin) and its large population give it a density reminiscent of that of major cities in developing nations: Paris is ahead of Cairo, Colombo and Montevideo in the rankings of high-density global cities. ![]() Yet while this demographic growth has been recorded in many European cities, Paris stands out from its counterparts for its density, unparalleled for a European capital: Paris proper had 20,934 inhabitants/ km 2 in 2015. ![]() The Greater Paris population rose from 6.814 million in 2008 to 6.968 million in 2013 while Paris proper had 2.23 million inhabitants in 2015, as against 2.18 million in 2006. ![]()
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