Wednesday 22 February 2012
Paris real estate market saw record growth
Paris has been known in the past few years as one of the best performing world-class cities with a real estate market experiencing significant price growth.
It has been revealed that the French capital has moved into third place following Hong Kong and London as the most expensive cities in the world.
Between June and December last year, Real estate in Paris increased in value by 5.9 per cent while the city has seen price growth of 46 per cent in the five and half years from December 2005 to June 2011.
It is the Mercure Group belief that Paris prices will remain stable through 2012 especially in the most sought off arrondissements such as 1st, 6th, 7th, 8th or 16th districts.
Paris credentials as a safe haven will support the French property sector: "the influx of global wealth in an uncertain world still has some time to run".
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