Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Apartment prices rocket in Paris

Share this article

Apartment prices rocket in Paris
Christophe Libert
11:01 CEST+02:00

Figures published on Thursday showed apartment prices in the capital up by 5 percent in the second quarter and a full 22.5 percent over the last year, the highest annual rise for 20 years.

The figures, announced by the national statistics agency Insee, also showed that the volume of transactions was back to the level seen at the end of 2007.

Taken as a whole, prices in France moved up by a more sedate 1 percent, a slight slowdown on the 1.8 percent increase recorded in the first quarter. Year-on-year, prices are up overall by 7.7 percent.

After a summer of economic gloom, there are signs that the increase may not continue much longer.

"The economic context has seriously worsened this summer and today the market is holding its breath," said Christian Lefebvre, president of the chamber of notaries, to newspaper 20 Minutes.

Website MeilleursAgents.com, which collects data on house sales, announced earlier this week that it had seen Paris prices fall in the last two months by 3 percent accompanied by a drop in the number of transactions.

twitter.com/matthew_warren

 

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement