Paris: apartments for sale at auction from 15,000 euros in elite areas

Un appartement, située rue Boileau dans le 16ème arrondissement est mis à prix 15000 euros

The price of an apartment on Bouillot street in the 16th arrondissement is 15,000 euros. (©Google Street View)

The Real estate prices in Paris Although they may have come down a bit, they are still very high compared to other major cities in France. However, auctions for the sale of real estate in court can make it possible good suggestions with very low starting prices sometimes even in elite areas of the capital.

Public auctions of the Court of Paris are held after confiscation of immovable property, judicial liquidation or judicial liability (partition).

Apartment worth 15 thousand euros in the 16th district

On October 20, 2022, an apartment of 21 m² was placed 96 Bouillot Street in the 16th arrondissement, consisting of an entrance, kitchen, main room, bathroom and toilets, will therefore be sold at a starting price of 15,000 euros. In this area, m² is traded for an average of 11,618 euros.

on the same day 104 Michel-Ange Street (16th), an apartment of about 100 m², with an entrance hall, a living room with access to a balcony, a kitchen, a toilet, a bedroom facing the street, a bathroom, a dressing room, a children’s bedroom with an attached shower, a storage room and a cellar. will cost 211,000 euros.

Pasturel Street, 42 in the 3rd arrondissement, a 49 m² apartment with a basement is offered to buyers for 70,000 euros. At the same address, another apartment with an area of ​​25 m² costs 120,000 euros. In the 3rd district, the average price per m² is 13,379 euros.

How to participate in public auctions?

Public bidding takes place in a court of law.

First of all, it is highly recommended to visit the facility. Visits are carried out by the bailiff at a prearranged date and time. It is not necessary to make an appointment. If you are interested in purchasing a property sold at auction, you will need to contact a lawyer registered with the Paris Bar Association.

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It is he who will speak on your behalf on the day of the hearing. The lawyer will advise you, accompany you in your project and give you all the useful information regarding the consistency of the goods, the progress of the sale, the amount of the expected costs and the consequences of your purchase.

The lawyer you contact will ask you to provide various documents.

A hearing on the stomach takes place in the bar of the trial court under the supervision of a judge-executive. The amount of the minimum bid is usually determined by the judge or the terms of the sale.

The time limit for lawyers to bid is 90 seconds. This period is counted by a timer that resets with each new bet. If no bids are made at the end of 90 seconds, the last lawyer to speak wins the sale.

Information: encheres-publiques.com

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