Real estate prices in Paris on the rise again
Last year landed a severe hit on real estate prices worldwide, and Paris was no exception. Still, that trend ended with 2020, as the first months of this year were accompanied by an increase in property prices in and around the French capital, according to an article by Ouest-France.
Paris itself ranked, interestingly enough, among the lowest cities of the Île-de-France region in terms of price growth, with a timid increase of 0.3% in May. The third, fourth, and fifth arrondissements have even seen their prices decrease by up to 4.6%, as the high average price of housing in these trendy and cultural neighbourhoods makes it unaffordable for most post-crisis buyers. The business-oriented 2nd and multicultural 19th arrondissements were the most dynamic, with growth rates of 0.3% and 0.6% this month.
937,000 €
Total area 75 m² 2 bedrooms
From 631,000 €
Completion in: 2025.III Total of 112 apartments
From 278,000 €
Completion in: 2025.II Total of 50 apartments
From 569,000 €
Built in 2023 Total of 54 apartments
From 364,000 €
Built in 2024 Total of 108 apartments
From 225,000 €
Completion in: 2026.IV Total of 119 apartments
From 323,000 €
Completion in: 2025.I Total of 8 apartments
656,000 €
Total area 48 m² 1 bedroom
The podium of the most desirable places around the French capital is held by the départements Val-d’Oise, Essonne, and Seine-et-Marne, which have seen their average real estate prices jump up by 4% and more over the last 12 months.
This redistribution of demand around Paris and its suburbs is not the only thing that changed in the region’s property market, as post-lockdown buyers and tenants developed a strong liking for larger houses and ground floor flats with gardens under their windows.
We will send you a content digest not more than once a week