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Prime property in Paris records 'steady' demand

Date : (News Section: France)

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Prime property in Paris records 'steady' demand

The demand for prime real estate assets in Paris during the second quarter of the year has remained steady, new research shows.

In the Knight Frank Prime Global Cities Index for the three months from April to June, the French capital was ranked third, registering flat price growth over the quarter but a ten per cent rise in property values annually.

According to the firm, Paris's real estate market has been attracting attention from overseas investors, particularly those from the Middle East and Syria.

Meanwhile, supply of prime assets has increased as a number of vendors have put properties up for sale in the hope of capitalising on the boost that prices have received over the past six months.

Earlier this year, France was the highest-placed European nation in the company's Global House Price Index for the first quarter.

Sitting in sixth position, the country had experienced an 8.7 per cent rise in values compared to the previous year and had seen prices climb by 0.3 per cent in the first three months of 2011.
 

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Article by +Peter Mindenhall on behalf of Propertyshowrooms.com

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