Property prices in Paris now above €10,000 per square meter

Property prices in Paris: +23% in 5 years

Property prices in Paris have increased by 23% in the last 5 years according to SeLoger.com (leading property portal in France). Indeed, they grew from an average €8,368/m2 in 2015 to €10,288€/m2 last month, as you can see below:

Property prices in Paris: +51% in 10 years

If we unzoom further, real estate prices in Paris have actually increased by 51% in 10 years, as I wrote in a previous article (see here). Overall, housing prices in Paris show no sign indicating a future crisis. Indeed, an analysis by MeilleursAgents.com at the end of 2018 showed that Paris’s property prices were going to grow.

And in a more recent study, MeilleursAgents showed that properties get sold in as little as 40 days in Paris, which shows how liquid the market is, and proves that there is no sign that prices should go down soon. Furthermore, housing prices in the “Petite Couronne” (around Paris) are now also growing fast, due to buyers pushed away from the city center and it’s €10,000 per square meter.

Real estate prices per arrondissement

Paris is made of 20 arrondissements, or districts. Here are the top 3 arrondissements where property prices are the highest:

1. Paris 6th arrondissement (€14,207/m2)
2. Paris 7th arrondissement (€13,599/m2)
3. Paris 4th arrondissement (€12,524/m2)

As you can see below, average real estate prices in Paris are above €10,000 per square meter in 14 of the 20 arrondissements. The two most expensive districts, 6th and 7th, are the ones nearest to the Eiffel Tower. This could partly be explained by the fact that for many foreign buyers, whether they are American, Chinese, or from the United Arab Emirates, properties that are close to the Eiffel Tower are very much looked after. Which explains why some luxury real estate agencies such as Daniel Feau (Christie’s) have created dedicated sections on their websites, for “breathtaking views“.