Property prices in Paris reached a record high

Over the past year the cost of housing in the French capital rose by 7.8%, exceeding the pre-crisis figures. This is indicated by data from notaries, who accompany all transactions on purchase and sale of real estate in France. Today apartments of 50 square meters. . M, excluding the apartments in new buildings in Paris are on average 334 thousand euros, - says the report of the Association of Notaries of Paris. The previous record of 6 620 euros per square meter. m. was established in the last quarter of 2008. Christian Lefebvre, president of the Association, believes that the rise in prices will continue for a year in Paris property increases of 10% in 2010. According to him, the price increase is due to increased demand which outstrips supply. The rise in house prices observed in 13 of the 20 districts of the French capital. The most expensive is the second area where the cost per square meter reaches record 9 900 euros, followed by the 7th and 5th districts (9730 and 9560 euros, respectively). At the same time the largest price increase was recorded in the 2nd district, where housing costs increased by 19.3% over the year. The most expensive place to stay was the area of