Now is the Time to Buy in Paris…

Property sales in Paris are up, up, up and so are prices.

Sales rose 17% compared to the same period last year and 25% over the average of the last 10 years over the same period — from November to January. The number of sales is even 12% higher compared to a period of very high activity from 1999 to 2007. January was particularly active and the trends for February are already looking favorable.

Prices are increasing annually in the Ile-de-France by 2.8% with stronger increases for apartments (+3.3%) over homes (+1.7%). The average per square meter price in Paris is expected to reach €8,570 by May 2017 and exceed the historical record from August 2012 with (€8,460 per m2), therefore the annual increase would reach 5.7%.

Large apartments in Paris increased in price more than small apartments with an annual increase of 7.2% for apartments with four rooms and 5% for five rooms or more. (Kitchens and bathrooms are not counted as “rooms.”). One out of five sales were of apartments of this size. The rise in the price of studio apartments was limited to an increase of 3.8% in one year, two-room apartments to 4.1% and three-room apartments to 4.6%.

The most expensive apartments in Paris are always four rooms or more, their price now exceeding €8,800 per m², while two-room apartments now exceed €8,000 per m², but are the most affordable. With the average price per m2 in Paris now at €8,340 in the fourth quarter 2016, the price is reaching the historical record of the third quarter of 2012 with €8,440 per m². Four-room apartments have already surpassed their record with €8,840 per m² and two-room apartments matched it at €8,180 per m². Five-room apartments are still lagging behind and show a decline of 4% from their record price per m2 of €9,250 per m² in first quarter of 2012.

The acceleration of the prices in Paris of bigger properties is sparked by second-time buyers. Small properties, that attract  investors who are first-time buyers, have increased at a slightly slower pace. In the fourth quarter of 2016, the prices of apartments in the Ile-de-France are still below 2011 levels.

The bottom line: Now is the time to buy in Paris!

See the entire report by downloading the pdf document.

A bientôt,

Adrian Leeds
The Adrian Leeds Group

 (in Nice)

Respond to Adrian:

[email protected]

P.S. I am happy to do a one-on-one consultation, by phone or in person, in which we work with you to determine your objectives and parameters for an investment in France. There is a one-time fee that applies toward our property services, so nothing is lost along the way. You will find this time and small investment in reaching your goals very, very valuable — so if you wish to move ahead in your goals to invest in France, schedule your consultation today! Email [email protected]