France’s housing market is gaining momentum, amidst improving economy
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In Metropolitan France, house prices rose by 2.9% during the year to Q1 2017 (1.62% inflation-adjusted). This was the fifth consecutive quarter of year-on-year price hikes and the highest increase since Q4 2011, according to the National Institute for Statistical and Economic Studies (INSEE).
In Paris, the average price of existing apartments rose by about 5.5% (4.2% inflation-adjusted) to €8,450 (US$10,048) per square metre (sq. m.) during the year to Q1 2017, according to the La Chambre des Notaires de Paris.
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