Paris property peaks
The UK’s decision to leave the EU is thought to be boosting the housing market in Paris, with property prices in the French capital set to break records this summer.
In the first three months of this year the price of apartments in Paris rose by 5.5% to €8,450 per square metre. However, based on preliminary contracts, local notaires expect this figure to rise to €8,460m² in July.
Paris notaire, Thierry Delesalle says that demand for property in the city is outstripping supply. “The number of buyers is rising unstoppably and perhaps because of Brexit,” he says.
According to a survey by notaires in the city, Italians are the biggest group of foreign homebuyers in Paris, accounting for 17% of all transactions. Brits are second, making up 10%.
If you too are looking for a Parisian pad, the apartment below might be to your liking. On the market for €635,000, the two-bedroom property has 38m² of living space, a terrace, and access to a lift.
This apartment is located in Paris’s 9th arrondissement and is for sale for €635,000 ( lodgis.com)