Paris price growth

During the 12 months to December 2019, the Savills World Cities Prime Residential Index remained flat with 0.1% growth, the slowest combined growth in value recorded since 2009. Global economic uncertainty and other factors weighed on demand and price growth in the leading global centres.

Paris, however, is bucking the trend. Price growth was second only to Berlin, as low supply levels and growing demand from domestic and international buyers pushed prices up in both cities.

Value on a global stage

In spite of recent price growth, prime property in Paris still offers value on a global stage. Prime residential prices are 66% lower than those in Hong Kong, the world’s most expensive residential market. The French capital also ranks below the likes of New York (37% lower), Tokyo (27% lower) and is 17% cheaper than London (see chart below).

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