Zandstra Group Realty

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Paris Real Estate Prices Continue Decline in 2024

Summary: The Paris real estate market in 2024 is experiencing a continued decline in property prices, with an average drop of around 4% expected throughout the year. Key factors driving this downturn include rising interest rates and limited access to credit, which have reduced buyer demand. However, areas near major urban developments, such as those benefiting from the Grand Paris Express project, remain attractive for long-term investment. Despite these price drops, Paris continues to be a resilient market with demand still outpacing supply, particularly for high-quality properties in central arrondissements.