Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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Real estate prices in Paris rise sharply

A website owned by a Paris real estate firm notes that the market in this city is continuing in strong fashion. The firm states that property sales increased by an average 4.4% in the year 2016. Some areas saw price increases in the 8% range. Figures are not yet totally tallied for the first quarter of 2017, but the numbers reported thus far are encouraging. Some areas reported increases of up to 6.9%. The report is accompanied by a map showing prices per square meter in all sections of Paris.

Key Takeaways:

  • Despite the expectation that rising interest rates may cause a slower market, the Paris property market is still growing.
  • A new record high price/m2 of €8,570 is expected in May. The last record was set in 2011.
  • Although the sales are not closed yet, the market appears to be surprisingly fast growing likely due to buyers wanting to get property before mortgage rates rise.

“Prices rose 4.4% in 2016, and it looks like 2017’s first quarter has started even stronger.”

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About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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