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FINDING VALUE IN PARIS

Never have so many large apartments been on the market in Paris.  A report from Le Monde states that this type of apartment has become difficult to sell in the French capital, and the luxury segment has been particularly affected by the crisis.  In fact, the time of sale has increased from 54 days last year to the current 73 days. According to the Chamber of Notaries, the price of apartments over 100 square meters has decreased by 3.9% in 2013 and by a further 1.7% in the first 11 months of 2014. The opposite trend seems to have dominated 2000 to 2008, with increases of 10% each year. A more detailed analysis shows that the decline was more pronounced in the center and west districts, with declines of 12% in the 7th arrondissement and 10% in the 1st. On the contrary, prices have remained virtually unchanged in the 10th, 11th and neighborhoods east. In the 16th arrondissement, the richest residential property district, prices have instead remained stable. Visit our sell page, to know our offer.



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