Most Arrondissements in Paris Continue to see Price Growth During Summer
According to Seloger’s most recent findings, most arrondissements have seen their prices grow in the last two months, while all have impressive positive 12-month figures.
With the Paris Notaires on holiday, market observatory Seloger has picked up the mantle and published its price barometer of the capital. It covers prices as in June and shows that, as with the last publication that covered May, all arrondissements have positive year growth figures; although not all have seen growth since May.
Eleven out of 20 arrondissements have appreciated in the last two months according to the figures. Bearing in mind that Seloger compiles its statistics using agreed sales data, rather than finalised ones as the Notaires do, these should be taken with a pinch of salt. However, a trend is very clear: continued strong growth in the outer arrondissements while the inner ones stagnate. See the maps below for the illustrated statistics.
The falls in the central arrondissements – if confirmed by the Notaires in a few months time – do not necessarily cause for concern. They are made up of a larger number of high-value transactions and are thus susceptible to defying market trends. Though there are those who will say that prices have grown as much as they can there for now, and the outer arrondissements will carry the average.
The recent clamping down on Airbnb activity, through increased fines and a new obligatory registration process from October, might also be hurting the centre’s appeal, as short-term rental earning potential is priced into property values there.
See the full table of Seloger’s price report below.
|Arrondissement||Price/m2||Year Growth||Two-month Growth|
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