The population of Paris is shrinking, and it's a complex issue with multiple factors at play. Affordability is a major concern, as rising costs make it challenging for residents to stay in the city. Limited new construction exacerbates the problem, as the supply of housing cannot keep up with demand. Short-term rentals, often owned by international buyers, further contribute to the housing shortage. Additionally, the conversion of residential units into office spaces and the rise of second homes owned by international buyers are also significant factors. These trends are depicted in the chart below, which provides a comprehensive overview of the changing demographics of Paris.
Download high-res chart: https://www.apolloacademy.com/wp-content/uploads/2025/11/112325-Chart_v2.pdf
This information is provided for educational purposes only and should not be considered financial advice. Apollo Global Management, Inc. and its subsidiaries (Apollo) make no representations or warranties regarding the accuracy, reasonableness, or completeness of the information presented. Opinions, estimates, and projections are based on current judgments and may change without notice. Apollo is not obligated to update this information in light of new developments. The trends discussed are not guaranteed to continue, and investors should conduct their own research and consult with financial advisors before making investment decisions. This presentation does not constitute an offer to sell or solicit an offer to buy any security, product, or service, including investment products or accounts managed by Apollo. Certain statements may be forward-looking, and actual results could differ significantly due to various risks and uncertainties.
