Paris property prices at record levels

Property prices in Paris have hit all-time highs, new figures show.

The latest LPI-Se Loger property barometer showed that in October, properties in 12 of the French capital’s arrondissements cost 9,165 euros per square meter, marking a new record for the city’s real estate market.

What’s more, all of the city’s 20 arrondissements saw a rise in prices with an average annual increase of at least 8 per cent.

The largest price rises in this period were recorded in the18th arrondissement on Rue des Abbesses and Boulevard Ornano, in the 6th on Assas Street and Boulevard Raspail and in the 4th on Rue des Archives and Places des Vosges.

Booming property prices in Paris are expected to continue for the foreseeable future, especially now the French capital city has been confirmed as the host destination of the 2024 Olympics.

Elsewhere in France, cities such as Bordeaux and Nantes are also enjoying a property boom.

Article published 15th November 2017