Paris prop­erty peaks

Living France - - THE ESSENTIALS -

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)

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