Paris home prices slumped to the lowest level in four years as rising interest rates extended a downturn that gained steam during the Covid-19 pandemic.
Asking prices in June decreased 4.1% from a year ago, falling to €10,936 per square meter — the lowest level since January 2019 — according to figures compiled by Le Figaro. That’s the steepest year-on-year drop in at least a decade and represents the biggest decline in Bloomberg’s City Tracker.
The development makes the French capital an outlier. To capture the latest housing-market trends in European cities, Bloomberg compiles figures from a range of providers. Some are asking rates and indicative levels, while others are official figures.
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