The Parisian real estate market is one of the most affected by the crisis. The drop in prices should increase and reach 8% on average over one year in April, according to the Chamber of Notaries of Greater Paris, which is based on signed preliminary contracts. Except in three highly rated neighborhoods where prices continue to rise: La Madeleine (8th arrondissement), Arsenal (4th) and more especially Notre-Dame (4th).
“Around the cathedral, on the Île de la Cité, we recorded prices increasing by 7.6% in the fourth quarter of 2023 and by 15% over the whole year,” indicates Olivier Clermont, notary in Paris. . This is a very good progression for this district whose average price per square meter will reach 17,980 euros at the end of 2023.” In five years, prices have increased by 20%.
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