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To finance social housing, the City of Paris sells its luxury homes
In the capital as in the provinces, the City of Paris has real estate it don't know what to do with. For centuries, it has accumulated legacies to build a most prestigious heritage. Today, while the City has accumulated a debt of 7 billion euros - six times more than in 2001 - it is time to sort through the family jewels to free up dormant money. Putting certain properties up for sale will primarily serve one purpose: to improve social housing policy.
The City of Paris has in its possession "8.5 million square meters out of a total of 19,000 properties, including 514 outside Paris and in 27 different departments," explained Emmanuel Grégoire, deputy of the mayor of Paris, Anne Hidalgo. Faced with these vertiginous figures, the City of Paris is pragmatic.
"We must keep what is useful for municipal policy, rent or put in concession what it is prudent to keep, and sell what no longer corresponds to current needs." By selling some valuable assets in this way, it will be able to finance new investments. Among them, the construction of social housing, the installation of new public facilities, or the expansion of municipal cemeteries.
Among the luxurious residences in the process of transaction, we find the Glandier Charterhouse in Beyssac -43 buildings on a plot of wood and meadows, the Bellefontaine castle in Samois-sur-Seine, the Nescus castle, a former colony of holiday housing on the foothills of the Pyrenees, and a group of chalets in the Puy-de-Dôme. A few days ago, an apartment of more than 200 square meters, 5 meters of which is under a gilded ceiling, sold for 11 million euros. Enough to heal a small part of the debt!
The City of Paris has in its possession "8.5 million square meters out of a total of 19,000 properties, including 514 outside Paris and in 27 different departments," explained Emmanuel Grégoire, deputy of the mayor of Paris, Anne Hidalgo. Faced with these vertiginous figures, the City of Paris is pragmatic.
"We must keep what is useful for municipal policy, rent or put in concession what it is prudent to keep, and sell what no longer corresponds to current needs." By selling some valuable assets in this way, it will be able to finance new investments. Among them, the construction of social housing, the installation of new public facilities, or the expansion of municipal cemeteries.
Among the luxurious residences in the process of transaction, we find the Glandier Charterhouse in Beyssac -43 buildings on a plot of wood and meadows, the Bellefontaine castle in Samois-sur-Seine, the Nescus castle, a former colony of holiday housing on the foothills of the Pyrenees, and a group of chalets in the Puy-de-Dôme. A few days ago, an apartment of more than 200 square meters, 5 meters of which is under a gilded ceiling, sold for 11 million euros. Enough to heal a small part of the debt!
Original webpage:
https://www.pariszigzag.fr/paris-au-quotidien/pour-financer-des-logements-sociaux-la-ville-de-paris-vend-ses-luxueuses-demeures
Translation via Google translate.
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