Paris Prices Continue to Climb

The Paris Notaires (http://www.paris.notaires.fr/) have issued their latest report on the state of the Parisian housing market, covering the period from May 2007 through May 2008.  In a nutshell, here are the findings:

1.  The volume of sales in Paris has decreased 20% in the last year.  I am sure that this is due both to the higher prices in general, as well as a reflection of softer economic conditions throughout France and the Eurozone.

2.  The average price of apartments in Paris increased 9.4% over the last year, continuing the steady appreciation of the last 10 years.

Here is the summary table posted by the Notaires:

Notaire Price Report - May 08

Notaire Price Report - May 08

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