The French real estate market, and in particular Paris, is doing well when compared to many other European destinations. Overall, prices across France fell by just 1 percent in the first three months of 2009. Prices in Paris have fallen from their highs in recent years, but the city has held its own when compared to other major cities.
The nicer and more expensive properties in the city typically average around €9,000 per square meter, or US$1,100 per square foot, according to one agent in Paris. At the very upper end, prices can run over €10,000 per square meter, or $1,200 per square foot. Some nice neighborhoods have lower prices, such as the Arts at Metiers in the Marais, where a home can go for a little over €7,000 per square meter, or $900 per square foot.
Foreign buyers in Paris are often from the UK and the US, and Americans tend to favor the city when buying in France. British buyers are also attracted to several areas outside the city such as Dordogne and Brittany. In recent years, a growing number of Russians and South Americans have also begun to buy properties in Paris as well, though these have dropped as the economic crises has hit some areas more than others. No matter when or where you buy, there are always high-quality properties in the French capital.
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