Paris Real Estate Market Report - 2nd Qrtr 2020

Paris property sales are down, but prices are still climbing, according to a recent report by the Chambre de Notaires de Paris. The ongoing pandemic continues to weigh on the French real estate market, but overall prices are up from last year, with a possible 2,5% increase compared to 1,8% in 2019.

Significant Regional Price Increases

The report makes for an interesting read and perhaps unsurprisingly shows price increases of 10% or more for older homes in Burgundy, Normandy and southwest France. In Paris, this figure is 5%, which is slightly surprising, as many families and professionals were escaping the capital city for the countryside in spring at the end of the first ‘confinement’.

Growth in Paris’s Old Apartment Market

Moreover, the price per sqm for old apartments in Paris has increased by 8%, to an average of 10,690 euros per sqm for the year to October 2020. The annual increase is expected to be in the 6,6% range. We’ve previously written about Paris, living there, and the property market. Here’s a link to view all our Paris-related articles on our blog, which may provide additional information and inspiration.

Opportunities for Buyers

We have a good selection for buyers looking for property and real estate in Paris and the surrounding departments of Île-de-France. As we’ve pointed out, the value of Parisian real estate keeps increasing, so you must be sharp as properties sell fast (24/48 hrs). 

If you are looking to purchase in Paris, register here, learn about our foreign currency exchange service or email us to learn about our bespoke Paris A la Carte service for busy professionals and investors looking for a one-stop property service.