Paris will always remain cheaper than other major cities (London, Geneva, Singapore)

  1. Home
  2. >
  3. Press
  4. >
  5. Paris will always remain cheaper than other major cities (London, Geneva, Singapore)
Paris will always remain cheaper than other major cities (London, Geneva, Singapore)

NEXT-FINANCE

Posted on 03/02/2020

Despite Brexit and the return of French nationals to Paris which together
have led to an increase in the value of realty, prices in London remain
about double those to be found in Paris, even if this gap has decreased a
little. This is because there are far fewer properties for sale in London
than in Paris, and the British capital therefore remains a favourite
especially for HNWI’s. The average price in Paris is 9600€ while in London
it is almost 20000€, and in prestigious sought-after neighbourhoods such
as Chelsea and Kensington can reach a staggering 100000€/sqm! In
France, French nationals and Parisians continue to invest in the capital.
There are however cities that are even more expensive than London: in
Monaco, Hong Kong, Singapore and Tokyo, prices range on average from
25,000 to 45,000€/sqm.
All in all, even if prices in Paris continue to rise, they shall still remain
significantly cheaper than in London and in the other most expensive
cities in the world.


Click to read the article. 

Paris Ouest Sotheby’s International Realty, your expert in luxury real estate in Paris

Dear clients,
 
Even in these difficult times, we stay by your side!
 
Although our brokerages are forced to remain closed during this unprecedented situation, all Sotheby's International Realty ® teams in France and Monaco continue to work and remain at your disposal (by phone, email, SMS and video conference) to assist you with their unrivaled know-how and global resources!
 
Do not hesitate to contact us: Our local specialists are there to support you with all your luxury real estate needs. Today more than ever, luxury real estate remains a safe haven and an excellent long-term investment!

Take good care of yourself and your loved ones!
 
Your Paris Ouest Sotheby’s International Realty team !