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REAL ESTATE: THE PARISIAN LUXURY MARKET REMAINS EXPENSIVE AND RARE
CHALLENGES.FR - BY VIRGINIE GROLLEAU ON 28.12.2019 AT 4:00 P.M.
"Over a year, sales of prices in excess of 2 million euro represent less than 500 assets in the capital. Driven by mortgage rates that have never been so low (1.12% on average excluding insurance and over all terms in November, according to the l'Observatoire Crédit logement / CSA), the volume of real estate transactions jumped by 10.4% in France over a year (according to the Conseil supérieur du notariat) with 1,059 million in sales of old apartments and properties. In the capital however,...
The Parisian market for assets sold at prices in excess of 1 million euro
IS THE PRICE RISE IN PARIS ARTIFICIAL?
Over 12 months, the Parisian real estate market has attained around 20 billion euro in sales, of which around 4.5 billion were for assets at prices exceeding 1 million euro. The latter represents about 3,000 sales in Paris out of a total of 37,000 sales, or some 8% of the market. Assets priced at above 2 million euro represent less than 500 transactions.The Paris luxury market is therefore a relatively narrow market. The average price per square meter in Paris has tripled in 20 years and, according...
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