The 6th arrondissement around “Saint Germain- des- Prés” and the “Luxembourg Garden” is once again Paris’ most expensive real estate location. Following the crisis, prices fell and an average square meter, that cost €10,040 during the 4th quarter 2008, stood at €9,380 during the 3rd quarter 2009.
Paris, France -- (SBWIRE) -- 12/14/2009 -- By KHS, Paris http://www.khs.fr/
The Paris Notary Chamber released its real estate market report for the 3rd quarter 2009 in a press conference on 26 November. According to the notaries, the average square meter price for old and unoccupied apartments cost € 6,160 in the City of Paris. It decreased by 7.2% over the year but was 1.4% higher than during the 2nd quarter 2009.
According to the notaries, prices on the Paris residential real estate market increased strongly since 1998 and peaked during the 4th quarter 2008 with an average price of € 6,520 per square meter. In early 2009 they started to decline and fell by 1% in the first and by 7,8 % in the second quarter.
