3Q 06 Market Report From Paris, France Appartements de Charme et de Prestige

Posted by Jonathan J. Miller -Tuesday, January 30, 2007, 12:01 AM
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[Karl- Heinz Schabmüller M.B.A., a real estate broker in Paris, France regularly writes articles and market reports about the city’s housing market based on market figures released by the Paris Notary Chamber. I have not met Mr. Schabmüller, but have traded emails since he is a fan of Matrix]

The recap of the current results and Mr. Schabmüller’s interpretation are found below:

Paris, France real estate market – 3rd quarter 2006

In its press conference of 17 January 2007, the Notary Chamber has released official data about the Paris real estate market during the 3rd quarter 2006.

• The average square meter price in Paris now stands at 5 675 €/ USD 7,380.62

• According to the report, the sale’s volume shrank by 3.3% in comparison to the 3rd quarter 2005. Altogether 9,888 old and unoccupied apartments were sold in the city, the average square meter price increased by 9.9% and stands at 5 675 €/ USD 7,380.62.

• Once again, the 6th arrondissement (Saint Germain- des- Prés) in the very heart of the city remains the most expensive (8 527€/m² – USD/ m² 11,089.8). It is now followed by the 4th (southern Marais and the “Saint Louis island” – 7 708 €/m² – USD/m² 10,024.6) and the 7th (“Eiffel tower”, “Invalides”,”musée d’Orsay” – 7 633 €/m² – USD/ m² 9,927.10). The least expensive are the 19th arrondissement (4 498 €/m² – USD/m² 5849.87) and the 20th (4 720€/m² – USD/m² 6,138.60), which are both located in the north- east of the city.

• Apart from the notary’s official data, however, I want to point out that square meter prices for a property in fairly good quality in the centre range between 7,000€/ USD 9,103.85 and 10,000€/ USD 13,005.5, prestigious real estate is higher.
  (exchange rate amounts are not guaranteed)

I assume that his 2006 recap on Paris real estate market will be available in April 2007.

Paris Market 2005 recap
KHS Paris Real Estate website
KHS Paris Real Estate blog

2Q 06 Market Report From Paris, France Appartements de Charme et de Prestige

Posted by Jonathan J. Miller -Tuesday, October 10, 2006, 12:01 AM
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[Karl- Heinz Schabmüller M.B.A., a real estate broker in Paris, France regularly writes articles and market reports about the city’s housing market based on market figures released by the Paris Notary Chamber. I have not met Mr. Schabmüller, but have traded emails since he is a fan of Matrix]

click for the Paris Market 2005 recap

click for the Paris Market 2Q 2006 stats. The recap of the current report is found below:

Paris, France real estate market – 2nd quarter 2006

Notary figures show mixed picture

The city’s real estate market is slowing down but remains solid and in good condition. During the second quarter of 2006 the average price per squaremeter increased by 12,5% compared to the same period in 2005, however sale’s volume shrank by 6.6%. The average squaremeter price in the city of Paris now stands at € 5.515. These numbers were released by the Paris Notary Chamber in its press conference on 3 October 2006.

Interestingly, the 7th arrondissement which stretches along the southern bank of the Seine and includes the ‘Musée d’Orsay’, the ‘Invalides’ and the ‘Eiffel tower’, has become the most expensive district ( 8,162 €/m²) whereas the 6th arrondissement around ‘Saint Germain- des Prés’ and the ‘Luxembourg Gardens’ now ranks second (8.099 €/m²).

A handsome two- room apartment (app.40/45m²) in fairly good quality, which can easily be rented out, now costs about US$ 400,000 to 450,000 in these attractive central areas. First- class properties in prestigious addresses like ‘avenue Foch’ or ‘place Furstemberg’ sell at €/ US$15,000 and higher.

You will find much more information about the Paris real estate market in the KHS report , which was presented at the American Chamber in France in April 2006. It describes the market situation on the romantic left bank ‘rive gauche’ and in the elegant western districts around ‘avenue Montaigne’, ‘avenue des Champs- Elysées’ and the 16th arrondissement along the ‘bois de Boulogne” forest.

KHS, Paris / France