Comments & study

 

Towns

Euros/m2

 

London

38 800

 too expensive now

Monaco

35 000

 

New York

25 600

 

Hong Kong

19 700

 

Tokyo

17 600

 

Cannes

15 000

 

St Tropez

14 900

 

Sidney

13 100

 

Paris

12 600

 still room of profits

Rome

12 500

 

 

Top Ten more expensives towns.

 

In Paris far behind from london for real estate cost, 20 % top real estate deals are made by foreigners.

There is a lot of new demands from Russia with a 40 % increase in sales for 2006.

Still room of increase for short term profit in this field in a decreasing local market !

 

Best sellers : In the golden Triangle Neuilly, Auteuil, Passy for Emiratis’, Turkmen’s & Chinese’s !

 

Paris will be always Paris as a place to invest !

 

So many demand for the South of Paris with few offers ..

In XVIème, even in not so clean buildings, prices started from 5 800 /m2 !

Recently a 110 m2 flat was sold 650 000 Euros before renovation ..

Some flats are over evaluated and the delay for transactions is now around 45 days instead of 30 days in 2005 !

The studio and 2 bed rooms flats represent more than 50 % of the demand and start to be a difficult product ...

The tramway works will modify some prices and prices in XIV ème will increase ...

The proximity of famous monuments make some prices going high ...

Places des Voges and Isle St Louis the prices reached 10 000 euros/m2 ground floor and 15 000 if their is a view on Seine !!!

If there is a view on Eiffel tower the price / m2 will reach 10 000 euros

VI ème is the most expensive area and near Luxembourg Garden prices reached 13 000 /m2 !

To get a flat less than 7 000/m2 the investor should avoid prestigious places or take the opportunity of  good prices due to some renovation and works on the street, like Rue Duvivier ( Ecole Militaire) ie 5 700 m2.

Val de Grace * offers good prices actually at 6 500 euros ...

Very few new programs like Cogedim rue Charlot & Pastourelle for end of 2007 but for more than 10 000 euros /m2

 

Arrondissement

Quartier

Price 2006

Increase one year %
V ème Saint Victor

6 586

11,17
V ème Jardin des Plantes

6 098

12,10
V ème Val de Grace *

6 481

7,70
V ème Sorbonne

6 832

12,30
VI éme Monnaie

7 407

5,20
VI éme Odéon

7 903

15,00
VI éme ND des Champs

6 944

7,60
VI éme St Germain des Prés

8 188

17,20
VII ème St Thoms d'Aquin

7 625

11,40
VII ème Invalides

7 099

8,10
VII ème Ecole Militaire

6 519

10,5
VII ème Gros Caillou

6 458

6,9
VIII ème Champs Elysées

7 285

5,4
VIII ème Faubourg du Roule

6 098

9,5
VIII ème La Madeleine

6 051

13,4
VIII ème Europe

5 682

8,3
 

SOUTH PARIS

    
XV ème St Lambert

5 000

12,90
XV ème Necker

5 405

12,20
XV ème Grenelle

5 620

15,60
XV ème Javel

5 128

11,50
XVI ème Auteuil

5 350

10,40
XVI ème La Muette

5 945

9,70
XVI ème Porte Dauphine

5 908

8,00
XVI ème Chaillot

6 016

9,50

   

XV & XVI ème

VII & VIII ème

 

Selection: The Golden Triangle