Paris Apartments : Rental Prices and Premiums

The price per square meter which is published regularly by the Paris notaries will give you a good indication of the relative cost of each arrondissement but expect to pay a high premium if you want something extra.

This view of Paris from an apartment in the 7th arrondissement could easily inflate the apartment rental or purchase price by 10-20%.

You could also expect to pay premiums of 5-20% on Paris apartments for any of the following:

• A good balcony
• A higher floor with elevator
• High ceilings
• The level of renovation
• Quality of communal areas
• Local amenities
• Proximity to a metro stop
• Good ratio of bathrooms to bedrooms
• A designated parking spot

Paris Apartments : Market Apreciation Figures

The Paris Notaires have just released the market growth figures for properties in Ile de France.

These Figures show the market price movements in the Ile de France region for the 4th quarter of 2006.


The first table shows movements in the market for 'ancien' houses in Paris region.


The second table shows movements in the market for 'ancien' apartments in Paris and the surrounding regions.


While both show an annual increase the market growth for houses has slowed in relation to 4th quarter 2005 while the market for apartments in Paris seems to be continually on the rise if somewhat slower than the 3rd quarter 2006.




The central districts of Paris 1-7 still maintain a year on year increase in growth. The notaires maintain that demand still outstrips supply for Paris apartments.

Paris Apartments : Prices for 'ancien' apartments are slowing down

The last seven years has seen record appreciation in the Paris real estate market but the media's coverage and speculators have been giving mixed signals to buyers and sellers over the last 6 months.

Talk of bursting bubbles, crisis and crashes have been dominating the real estate market in the Paris region for several months now. The truth is that prices are still climbing but at a somewhat reduced rate. For the first time in years market increases in some or Paris’ ‘quartiers’ have fallen below 10% while the immediate suburbs are still enjoying 14% growth and higher.

This may be due to a general market slowdown globally but has certainly been fueled by media coverage and speculation. Uncertainty about the outcome of impending presidential elections has also created a significant drop in the number of transactions taking place (3.9% drop in transactions from 2005 to 2006)

Latest figures from the Notaries say the average price per square meter for ‘ancien’ apartments remains at 5 772 euros with the highest of 8.586 euros m² being the 6th arrondissement.

While this comes as welcome news to would-be buyers it is certainly a little early to expect prices to stabalise. The current stagnation certainly gives current buyers a little more bargaining power but this may be short lived.

Speculation on a pick up after the elections and the continuing lack of offers that has helped inflate prices goes against the media’s coverage and is creating a great deal of uncertainty among buyers and sellers certainly as to the best timing for transactions.

The Notaries are however confident that the current slowdown by no means suggests that the bubble has burst.

Article in Les Echos (French)