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Apartment prices in Paris shot up by 45% since 2009

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Staff Writer | June 28, 2017
New figures show the price of property in the French capital have risen sharply over the last 12 months, which is changing the profile of homeowners in the French capital.
Paris apartment
France   €9,000 per square metre
The figures obtained by Le Monde newspaper from the Century 21 real estate agents – one of the biggest in the capital, reveal some frightening details for those who are hoping to buy a flat in Paris.

For a start, the average price of a square metre is now €8,942, a rise of 7.7 percent since last year. Meanwhile the average price of a square metre across the rest of the country has risen just 1.5 percent.

And in another contrast between Paris and the rest of France, apartment prices in the capital have shot up by 45 percent since 2009, compared to 9.5 percent in the rest of the country, The Local reports.

In less than 10 years the average price of property has gone up by 33 percent and since the year 2000 the value of apartments in Paris have tripled.

“It’s shocking,” Laurent Vimont from the Century 21 property agency told Le Monde.

He believes the symbolic price of €9,000 per square metre will be exceeded. The average price per metre square around the country is €2,532, far below the prices in Paris.

“Paris is on the way to a new record,” he said.