
by bonapartparisnews.com
People are always asking me if the prices are dropping or going to drop at the moment. Especially those sitting on their hands waiting for their chosen currency to improve or the usual French lament that there is going to be a big crash in the property market. Don't bet on it and if you are after something special (of course all of our clients are) you should know that we have not seen any drop in prices for exceptional products in good areas. They are always quick to sell and the prices are still going up. This also applies to smaller products with charm so hold out for something with the wow factor.
The international buyer is always active in Paris; Russians, Americans and those from the Middle East - and prices in the heart of Paris continue to rise between 5 and 10%. Prices for run-of-the-mill (or just plain ugly of which there are legion in Paris contrary to popular belief) properties have stagnated slightly in the second half of 2007 but good products in les beaux quartiers (1, 2, 3, 4, 5, 6, 7, 8, 16, South 17, Neuilly, Boulogne and Saint-Cloud) have continued to perform well.
The international buyer is always active in Paris; Russians, Americans and those from the Middle East - and prices in the heart of Paris continue to rise between 5 and 10%. Prices for run-of-the-mill (or just plain ugly of which there are legion in Paris contrary to popular belief) properties have stagnated slightly in the second half of 2007 but good products in les beaux quartiers (1, 2, 3, 4, 5, 6, 7, 8, 16, South 17, Neuilly, Boulogne and Saint-Cloud) have continued to perform well.