Ile de France prices drop 9 per cent in August
25 November 2009
According to the Chamber of Notary Publics of Paris and Ile de France, in August, the decline in real estate prices in the Paris area was more than 9 per cent compared to the same period in 2008.
The largest decrease hit the extreme suburbs (-11 per cent), while in the adjacent suburbs the decline was 8.3 per cent and in Paris the decrease was 7.6 per cent.
This drop resulted in a 13 per cent reduction in the number of transactions from June through August 2009 compared to the same months in the previous year.