The French property market is emerging from the global economic downturn as one of the world's strongest. House prices fell in 2008 and 2009, but they did not collapse, the country is out of recession and the euro is strong against other currencies, so the value of French property relative to the rest of the world has risen.
The luxury end of France's housing market is doing particularly well with Paris and the Cote d'Azur benefiting from their long established reputations for being safe havens for the fabulously rich and great places to live.
The Top Ten Most Expensive Streets in the World survey carried out by Wealth Bulletin features two French addresses – the only country to get a double mention on the list. Avenue Montaigne in Paris, where the Elysee Palace is located, has sales prices averaging USD54,000 per square metre. That was fifth on the list. Incredibly, prices are twice that much on Chemin de Saint-Hospice, Cap Ferrat, where they average a staggering USD100,000 per square metre. This street takes second place on the list, behind Avenue Princesse Grace, 30 miles down the road in Monaco. There, prices average USD120,000 per square metre.
(All The World's a Home : Global Property News)
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