Paris Real Estate Market Update: Prices Ease Slightly Through a Quiet Summer

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The Paris real estate market eased slightly over the summer of 2026: prices were almost flat, down 0.5% on the year, and sales were a little lower than in summer 2025. This update is based on the Paris Notaires (Notaires du Grand Paris) report covering June through August 2026, published on 29 October 2026. 

Key Takeaways

• Paris apartments averaged €9,590 per square meter from June to August 2026, down 0.5% over twelve months.
• About 7,000 Paris apartments sold over the three months, 2% fewer than in the same period of 2025.
• Paris apartment prices fell less than in Île-de-France as a whole (-0.7%).
• Signed preliminary contracts point to Paris prices of €9,580 per square meter for September to November, a 0.4% annual decline.
• The notaires cite weak growth, renewed inflation and gradually rising credit rates as factors that will shape demand. We are also monitoring autumn protests, which occurred after the reporting period.

Summer Is a Quieter Season in Paris

Prices edged up slightly from spring into summer (+0.9% between the March to May and June to August periods), a pattern we often see in the Paris market, even as they remained slightly below last year’s level. Summer is traditionally a slower period for the Paris market. Many buyers and sellers are away, particularly in August, and fewer transactions are signed than in spring or early autumn.

Within that context, roughly 7,000 apartments changed hands in Paris, a 2% decline from summer 2025. Across Île-de-France, existing home sales totaled 33,660 over the same months, down 2% on the year but still 13% above the June to August 2024 level. 

Where Paris Property Prices Stand

Existing Paris apartment prices averaged €9,590 per square meter for June to August 2026, a 0.5% decrease over twelve months. The notaires describe the price adjustments across the region as contained.

Paris held up better than the wider region. Île-de-France apartments stood at €6,170 per square meter, down 0.7% on the year. Over the longer term, the notaires’ price index for three-room apartments in Paris has risen 272% since 1999, more than anywhere else in Île-de-France.

What to Watch Through Year-End

Indicators drawn from signed preliminary contracts point to a Paris apartment price of €9,580 per square meter for September to November 2026, a 0.1% decline over three months and 0.4% lower than a year earlier. The regional projection is a 0.3% decline over three months and 0.8% over twelve.

Mortgage Rates and Demonstrations

The notaires place the summer slowdown in a wider setting: low economic growth, inflation weighing on household purchasing power, and a gradual rise in mortgage rates that increases the cost of financing. They expect demand to depend heavily on credit conditions and household confidence. Beyond the notaires’ findings, we are also watching mortgage rates, which have continued to edge up since the summer in line with the cost of French government borrowing.

We are also following public demonstrations, which are not part of the notaires’ analysis. Cost-of-living protests turned violent in Paris on October 17th, and curfews were introduced in parts of the city in the days that followed. On October 24th, the Interior Ministry counted 110,000 marchers in Paris. A national inter-union strike followed on November 5th, with a teacher and student strike on November 10th. Both were more contained and peaceful. These events fall after the period covered by the notaires’ report, so their effect on buyer activity is not yet measurable. The notaires estimate that Paris prices take about seven months to react to a fall in sales, so any effect on prices would show later still. Preliminary contract data and the notaires’ next release will show whether they change the pace of purchases. For buyers planning a visit, our guide to Paris safety by arrondissement covers the residential areas in more detail.

Central Arrondissements

Sensitivity to rates is not uniform across the city. Our view, consistent with wider Paris market commentary, is that the most central and sought-after arrondissements, such as the 4th, 6th and 7th, are less exposed to small changes in borrowing costs, with limited supply and steady demand for central addresses supporting prices. The notaires’ latest analysis points the same way: when sales fall, prices in Paris adjust more slowly than in the suburbs, reflecting stronger demand in the capital, and the prices of larger apartments adjust more slowly than those of studios. Our guide to Left Bank prices looks at the 5th, 6th and 7th in more detail. 

The Dollar and the Euro

Currency is a further factor for American buyers. On 6 November 2026 the European Central Bank reference rate was $1.1165 per euro, compared with $1.1514 on 3 November 2025, so a dollar now buys roughly 3% more euros than it did a year ago. If Paris prices ease slightly from here and the dollar holds or continues to strengthen, the combination could make this a favorable time for American buyers to enter the market. 

Paris Real Estate Market FAQ

What is the average price per square meter in Paris?

• According to the Paris notaires, existing apartments in Paris sold for an average of €9,590 per square meter from June to August 2026, 0.5% lower than a year earlier. Signed preliminary contracts point to €9,580 per square meter for September to November 2026.

Are property prices dropping in Paris?

• Only slightly. Paris prices were down 0.5% over twelve months at the end of August 2026, a smaller decline than the 0.7% across Île-de-France, and preliminary contracts point to a 0.4% annual decline by November. The notaires describe the adjustments as contained.

Have the autumn 2026 protests affected Paris property prices?

• Not in the data yet. The latest notaires report covers June to August 2026, before the autumn protests began, so any effect on buyer activity will first show in preliminary contract data and the notaires’ next release.

Is it a good time for Americans to buy property in Paris?

• Two factors currently favor American buyers: Paris prices are slightly below last year’s level, and a dollar buys roughly 3% more euros than it did a year ago, based on ECB reference rates. Mortgage rates are edging up, so buyers planning to finance should allow for higher borrowing costs. Our buyer’s agent team can help you weigh these factors for a specific property.

Contact Paris Property Group to learn more about buying or selling property in Paris.