Paris Market Report: Spring 2026

Prices Steady, Sales Recovering, and Buyers Are Back at the Table

A year or so ago, buyers were asking whether Paris prices would fall further. That question has been answered. With the correction behind us and transaction volumes back to 2023 levels, the conversation has moved on to what it should be about: which neighborhood, which property, which ownership structure. For international buyers who have been watching from a distance, spring 2026 offers a more straightforward market than Paris has provided in three years.

The Paris notaires describe 2025 as a pivotal year marking the beginning of a new cycle. That characterization is supported by the numbers. Île-de-France recorded approximately 125,000 apartment and house sales in 2025, a 13% increase over 2024 and roughly equivalent to 2023 activity levels. The fourth quarter was the strongest, with more than 30,000 transactions across the region, representing an 11% gain year-over-year. 

Where Prices Stand

Paris apartments are currently priced at approximately €9,739 per square meter, based on the most recent available data from March 2026. Market indices confirm that prices have continued to trend modestly upward through spring, with gains of around 2% since the recovery began in Spring 2024. The Paris notaires, whose transaction data provides the most complete picture of actual sale prices, are expected to publish updated figures next month and those numbers will give a fuller read on where the market has landed heading into summer.

The suburbs tell a different story. The inner and outer rings around Paris are still working through their own price adjustments, down 0.5% and 0.4% respectively since January. Buyers with more credit sensitivity are more common outside Paris, and with rates still elevated compared to 18 months ago, that part of the market is taking longer to clear.

What Is Selling, and What Is Not

Not all Paris properties are moving equally. The gap between well-maintained apartments and those requiring significant renovation has widened. Properties in good condition, reasonably priced, are finding buyers. Properties with poor energy ratings or deferred maintenance are sitting longer, and some sellers in that position have been adjusting their expectations. For buyers, that creates negotiating room that did not exist during the Covid-era peak.

Certain neighborhoods have seen activity pick up sharply. The 7th arrondissement posted transaction volume gains of more than 50% in 2025, driven partly by international demand from American, British, and Middle Eastern buyers. Le Marais — the 3rd and 4th arrondissements — continues to attract consistent demand year-round, with average values around €1.3 million. At the prime end, exceptional properties in Saint-Germain-des-Prés and the Invalides area are still reaching €15,000 to €30,000 per square meter, a segment that has proved largely insulated from the broader correction.

The Macro Context and Financing Environment

The conflict that began in the Middle East in late February has introduced a factor the market is still calibrating. Eurozone inflation reached 2.6% in March 2026, above earlier projections, and rates have already started to respond — 25-year loan rates moved up 16 basis points between March and April. The direct effect on Paris property prices is likely limited. The bulk of the correction has already occurred, and Paris buyers, particularly international ones, are less dependent on credit than buyers in other French markets. But for anyone planning to borrow, the direction of travel matters.

For non-residents, fixed rates on 20 to 25-year loans currently run between approximately 3.5% and 4.25%, depending on borrower profile and loan-to-value ratio. French banks generally lend between 60% and 75% of assessed value to non-resident buyers, requiring a minimum deposit of 25% to 30%. The Banque de France reported a 33% increase in mortgage volumes across France in 2025, confirming that banks are actively competing for quality borrowers. A further ECB rate adjustment is anticipated this summer, and France’s public deficit — still above 5% of GDP — puts upward pressure on the government bond yields that underpin French mortgage pricing. Buyers who are planning to finance have a practical reason to move sooner rather than later.

Over a 10-year horizon, Paris apartment prices are up roughly 12% in median value — through a pandemic, an interest rate shock, and a correction. Supply in Paris is structurally constrained, with no meaningful new stock coming to market, and longstanding international demand. For buyers thinking about long-term value, that context is worth keeping in mind.

Key Takeaways

• The spring market — March through May — is Paris’s most active period for available inventory. Buyers completing their search in this window are working with the most options.
• Paris apartment prices stand at approximately €9,739/m² as of March 2026, with the trend through spring confirming continued modest appreciation. The Paris notaires will publish updated figures next month.
• The Paris notaires confirm 125,000 transactions across Île-de-France in 2025 — a 13% increase over 2024, matching 2023 volumes and marking the end of the correction phase.
• Well-priced properties in good condition are moving. Properties requiring renovation are sitting longer.
• Non-resident mortgage rates currently range from approximately 3.5% to 4.25% for 20 to 25-year fixed loans. A further rate increase is possible this summer — buyers planning to finance have reason to move sooner rather than later.
• The 7th arrondissement posted volume gains of more than 50% in 2025. Le Marais continues to see strong international demand at average transaction values around €1.3 million.
• Buyers who purchased before 2020 hold positive equity. Those who purchased at or near the peak (2021–2022) are still recovering ground.

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