Paris Property Price Statistics: Notaries and Seloger Release Findings
The Notaries of Paris have released their market findings for November to January. Combining this with listings site Seloger’s up-to-date Paris property price statistics, a very clear picture emerges.
A press release from the Notaries of Paris detailing the turn of the year, combined with the most recent findings from listings site Seloger shine a light on the capital. Together, they are a comprehensive overview of Paris property price statistics.
The Notaries’ figures indicate that November to January saw 17% more transactions year-on-year: 40,680 in total sold in the Ile-de-France region, 8,930 in Paris. In a revision of their predictions made last month, they estimate that a new record price per square meter of €8,570 will be achieved in May (though the confirmation of this will come some time after) for existing apartments. This will represent 5.7% yearly growth, according to their figures.
Seloger’s more up-to-date statistics indicate that the record has already been passed and by more than what the Paris Notaries had anticipated! The listings site has recorded a price per square meter in apartments of €8,808 at the end of March, higher than 2011’s record of €8,460.
Growth in the last 12 months (as of April 1) is 4.5%. Particularly fast-growing arrondissements are the 14th (+7.5%), 10th (+7%) and 9th (+6.9%). A full table showing prices and growth by arrondissement is below, statistics courtesy of Seloger/LPI.
|Arrondissement||Price (€)||Year Growth (%)||Arrondissement||Price (€)||Year Growth (%)|
title image © Globalism Pictures Paris skyline / Flickr