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Posted on 15/01/2020

Paris real estate : a free-for-all

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Paris real estate : a free-for-all
The frenzied race for "precious stone" in the capital continues. Demand
is very strong and, by the end of 2018, prices in Paris will have
approached 10,000€/sqm.

Four districts (the 4 th , 7th, 16th and 18 th ) have seen an increase of 10% in
just one year. Assets at the right price are snapped up, while those at
higher prices take a little more time to find a buyer. Analysis showed that
18.5% of period Parisian properties were sold in less than 7 days, and
about 23% in 8 days to a month.

The supply of assets for sale is limited, pushing prices up. As a result
buyers are prepared to move a little further to the east of the capital,
and the Bastille and Gare de Lyon neighbourhoods have seen prices go
up. In the 18th district prices have rocketed; a beautiful apartment
benefiting from views is now trading at around 11500€/sqm in the
sought-after Abbesses neighbourhood, for example.

This context is particularly favourable to sellers who now hold the
strings, especially as buyers are tempted to quickly snap up what they
consider to be a "good deal"

Click here to read the article.

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