by Finest Residences 
Pre-Olympics Paris 2024 Real Estate Market
In the lead-up to the Paris 2024 Olympics, the city’s real estate market experienced significant changes. During the second half of 2024, borrowing rates finally fell, settling below 4%, after months of continuous increases. Paris has also seen a notable decline in property prices since early 2023, with a 4.6% drop year-over-year, bringing the average price per square meter below the symbolic €10,000/m² mark.
During the Olympics
As the city prepared for the Games, market predictions remained mixed. Despite skepticism and the temporary exodus of many Parisians during the event, the impressive organization and the grandeur of the opening ceremony left a lasting impression. The Paris 2024 Olympics not only highlighted the city’s athletic prowess but also showcased its historical landmarks in extraordinary ways. Iconic sites like the Trocadéro, the Grand Palais, the Place de la Concorde, and Les Invalides were featured prominently during the events. This exceptional spotlight on Paris’s cultural heritage enhanced the city’s global appeal and could have a positive impact on its real estate market.
Post-Olympics Market Outlook
Recent history shows that host cities often benefit from a real estate boom post-Olympics. Sydney’s property market surged by 60% in the four years following the 2000 Games, while London experienced a similar rise after the 2012 Olympics. Paris might follow suit, attracting new foreign investors eager to capitalize on the city’s renewed international exposure.
However, the current political climate in France introduces an element of uncertainty. The ongoing social and economic challenges could potentially dampen the expected post-Olympics real estate boom. Nevertheless, the lasting infrastructure improvements brought by the Games are likely to enhance the long-term value of Parisian real estate.
Conclusion
The Paris 2024 Olympics served as a global showcase for the French capital, offering the possibility of a market rebound. With its rich heritage, upgraded infrastructure, and continued international allure, Paris may well attract a new wave of investors. However, a cautious approach will be necessary given the unpredictable political and economic landscape.
