The official average price per square meter for unoccupied old apartments in Paris rose by 2.7% between the 3rd and 4th quarter 2007 and by an impressing 10.5% in comparison with the 4th quarter 2006. The average price per square meter in “Paris Intramuros” was 6,360 €/ US$ 10,145.3 during the 4th quarter 2007 and 36,807 properties were sold in 2007
It is very interesting to look at the development over the past ten years: in the fourth quarter 1997, the same average price stood at FRF 15,294/ US$ 3719.47 and it has since then increased by an impressing 172%.
In 2007, the most expensive arrondissement once again was the 6th around “Saint Germain- des- Prés” and the “Luxembourg Garden”, where an average square meter cost €9.790/ US$ 15,616.70. It was followed by the 7th which is located on the southern bank and stretches between the “Musée d’Orsay” and the “Eiffel tower” area. Here the notaries registered an increase of 12.9% p.a. and an average price of € 9,260/ US$ 14,771.3
