PROPERTY PRICES RISE FASTEST IN PARIS

Luxury property prices are rising faster in Paris than anywhere else in the world. The value of apartments and houses valued at Euro2 million or more in the French capital rose 22 per cent over the past twelve months research from Knight Frank estate agency shows. Hong Kong, Helsinki, Shanghai and Beijing were the other top five risers.

Parisian homes are rising in value, because investors from the BRIC nations are ploughing money into the city which they consider a safe haven in uncertain economic times. A limited number of properties available for sale means bidding is strong, so that pushes prices up further.

Limited supply is a key feature of the Paris housing market – strict planning controls makes building brand new homes in the sought-after central arrondissments well nigh impossible, so refurbishing existing properties is the key source of supply for the city's luxury housing market.

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MALDIVES PROPERTY MARKET OPENS UP

Millionaire homes have appeared in growing numbers on Indian Ocean islands since Mauritius and the Seychelles opened up their property markets to overseas buyers during the past decade. Now the Maldives is getting in on the act – the archipelago has allowed foreigners to buy homes at resort communities since November 2010, since when dozens of brand new holiday homes have come up for sale.

At Six Senses Laamu Private Residences, 16 holiday homes are on offer at prices starting at USD3 million, and at Sovena Fushi eleven villas priced from USD4 million can be purchased through Cluttons Resorts.

Six Senses hotel spa facilities are available to residents at Laamu Private Residences. They may need them - after arriving at the Maldives capital, Male, residents must fly 40 minutes to a local airport before taking a 15 minute boat ride to reach the resort. Sovena Fushi is a 30minute seaplane flight away from Male.

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