Posted Sep 9, 2012, 4:02 PM
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Join Date: Jan 2003
Location: Chicago
Posts: 2,815
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Quote:
Originally Posted by mousquet
Estimated averages of residential real estate in Paris proper, March 2012.
Today, €1 = US$1.32
Overall average: €8,370/m² ($1,027/sq ft)
Code:
Arrondissement € / m² US$ / sq ft
1st 10,379 1,273
2nd 9,147 1,122
3rd 9,645 1,183
4th 10,811 1,326
5th 10,877 1,334
6th 12,904 1,583
7th 12,658 1,553
8th 10,164 1,247
9th 8,542 1,048
10th 7,264 891
11th 7,993 981
12th 7,899 969
13th 7,882 967
14th 8,514 1,044
15th 8,888 1,090
16th 10,028 1,230
17th 8,573 1,052
18th 7,200 883
19th 6,502 798
20th 6,760 829
Source: meilleursagents.com
Again, there they're not talking about the upscale/luxury housing market, these are the average prices of regular things. That means you may have to pay that kind of prices even for a shithole full of cockroaches. But if you can afford it, then you should be able to fix it decently. |
These are averages? That is insane. For $800 per square foot you can live in any of the highest end buildings in the center of Chicago, which is very cheap compared any other global city.
If anyone needs more proof Paris is in need of more housing on the market, these price points should do it. Granted, Paris is a special place that commands a high demand for good reasons, but that's where the developers need to be able to step in and fulfill the demand. No metropolitan area can continue to thrive if a large portion of it's center is only accessible to the wealthy or the very poor who have access to social housing.
How far out does one have to travel to rent a 90 sq meter apartment for say 1000 euros per month?
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