Apartment Prices in Paris
29th July 2024
In their latest review of the property market in Paris the notaires report a significant fall in sales and prices.
According to the notaires, apartment sales have fallen by 13% in a year, with prices also down by an average of 7.3%.
Last year sales fell by -22% and prices also fell on average by -6.8%.
Largest falls this year have been in the 9th district, by -10%, to reach €9,750/m2. A similar fall was recorded in the 19th and 12th districts of -9.7% and -9.2% respectively.
Only the 2nd district showed a very contained price decrease of -0.42%, to reach €11,760/m2.
The cheapest district remains the 19th, with an average price of €8,600/m2. The highest remains the 6th district with an average price of €13,550/m2.
The notaires consider that the uncertainties provoked by the recent parliamentary elections, as well as changes in the regulatory framework for rental properties, is likely to exacerbate the fall in sales. However, with the improvement in credit conditions which has taken place, price falls may be contained.