French real estate in Paris is anticipated to reach prices that will exceed past records.
Parisian notaries declared on Tuesday May 30, 2017 that low interest rates have created a more active real estate market with a 38 percent increases in sales year over year in Ile-de-France.
In fact, in Paris more than 10,000 homes were sold in the first quarter of 2017. This is a record since 1991. In fact, a properly priced property can sell within 15 days stated the chairman of the commission of real estate statistics notaries.
A sample of the record sales in the first quarter of 2017, according to Maitre Charles Flobert area as follows:
- An apartment of 108 m², in the Champs Elysees district, sold at the price of 30,560 euros per m²,
- A property 117 m² in size in the Quartier Porte Dauphine sold at 20,450 euros per m²
- A property of 189 m² in the Quartier Gros-Caillou (7th), sold at 29, 950 euros per m² and another property of 84 m² sold for 25,300 euros per m²
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