Luxury house prices in Paris are expected to grow by 6 percent
According to Knight Frank’s reports, house prices in Paris will increase by an average of 6 percent by the end of this year. However, this rate is expected to increase in cities such as New York City and Hong Kong.
After the election of Emmanuel Macron in France, many wealthy investors came to France. These returns have seen a 12 percent increase in luxury property prices. According to Knigt Frank’s report, the return of the French people living in countries such as the US and the Middle East will support strong sales throughout 2019.
“Unlike many prime city markets around the world at the current time, Paris can lay claim to being a seller’s market,” wrote Roddy Aris, associate of international residential sales, in the report.
However, low inventories supported the rise in prices in the city.
Paris is the capital of France and the center of the -le-de-France region. It is located in the middle of the Paris Basin, on the River Seine.
Those who live in Paris are called Parisien. Known all over the world for its monuments, artistic and cultural life, Paris is also an important city in the world’s history, and is one of the main economic and political centers and one of the crossing points of international transport. Paris, the world’s capital of fashion and luxury, is also known as the “City of Light”.
Source: mansionglobal.com, wikipedia
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