Housing
Paris Housing Prices Extend Drop to Lowest Level in Four Years
- French capital’s slump contrasts with most European cities
- Stockholm housing prices are again rising amid rental shortage
Apartments in Paris.
Source: Bloomberg
Paris home prices slumped to the lowest level in four years as rising interest rates extended a downturn that gained steam during the Covid-19 pandemic.
Asking prices in June decreased 4.1% from a year ago, falling to €10,936 per square meter — the lowest level since January 2019 — according to figures compiled by Le Figaro. That’s the steepest year-on-year drop in at least a decade and represents the biggest decline in Bloomberg’s City Tracker.