Property prices are rising in the capital. They have now reached 11,210 euros per m², according to the exclusive Bien’Ici barometer for BFM Immo.
Parisian real estate is on the rise and the average price has now reached 11,210 euros per m² in September (prices displayed in advertisements before negotiations), according to figures from our partner Bien’Ici*. Over a month, prices have increased by 1.6%, over a year, they are down by 1.7%.
On the rental side, prices are rising this fall. Thus, the average price of a rental comes to 46.8 euros per m2. For a studio, you will need to count on an average of 1082 euros per month and for a 3-room apartment 2,430 euros.
It is not only property prices that are falling in Paris. The population is also changing. According to INSEE, 2,145,906 people lived in the capital compared to 2,220,445 in 2014 and 2,234,105 in 2009. Executives are the most represented socio-professional category with 559,119 people, followed by retirees (341,415). The least common socio-professional category in Paris is obviously farmers (458 people) followed by craftsmen, shopkeepers, business leaders (67,876 people) and workers (75,771 people).
The number of main residences is declining in the capital (1,131,610 in 2020 compared to 1,159,952 in 2009). On the other hand, the number of second homes and occasional accommodation has soared. There were 87,364 in 2009, they are now 134,211. Vacant housing has also increased significantly, from 105,720 in 2009 to 127,980 in 2020.
>> Here is the breakdown of real estate prices (rental and purchase) city by city:
*As part of this monthly Bienici – BFM Business barometer of real estate prices, the Bienici portal compiles the figures (purchase prices and rents listed on the advertisements published before negotiations) from the 1st to the 25th of each month and published at the beginning of the following month. The prices used are averages on each criterion. 29 cities are analyzed: Paris, Marseille, Lyon, Toulouse, Nice, Nantes, Montpellier, Strasbourg, Bordeaux, Lille, Rennes, Saint-Etienne, Le Havre, Toulon, Grenoble, Dijon, Angers, Nîmes, Villeurbanne, Mulhouse, Rouen, Caen, Aix-en-Provence, Reims, Boulogne-sur-Mer, Calais, Colmar, Dunkirk and Gap.
