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The FT published an article focusing on the top end of the property market in Paris. The feature talks about the fact that the prime property market has really picked up throughout the city in recent times:

The election of President Emmanuel Macron appears to be waking up Paris’s prime property market. Prices, which saw a steady 14 per cent slide in the five years to the middle of 2016, have turned a corner. Average prime home sale prices in the capital gained 8 per cent in the three months to June 2017, compared with the same period a year earlier

The article talks about specific areas in the 6th, 7th, 8th and 16th arrondissements where the wealthiest buyers seem to favour. Comments from Home Hunts director Tim Swannie include:

In these spots, demand for the best addresses held up even when prices were dropping elsewhere, says Tim Swannie, director of Home Hunts, a high-end buying agent with an office in Paris. “Middle Eastern buyers, in particular, remained interested. Now with all the press generated from the Macron victory, we are seeing more inquiries from the US and China.” Most fall in love with these areas as visitors, he says — they contain many of the city’s top hotels. “Typically, when they buy, they want a view of the Eiffel Tower or the Seine and easy reach of the shopping on the Champs-Elysées.”

If you are looking to buy an apartment in Paris, Home Hunts cover the entire market throughout the capital and we are here to advise you through every step of the buying process… Read the full FT article here or click here to send us an email and one of our Paris experts would be delighted to help…

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