property
Auction Clearance Rates and What They Signal
A 64 percent clearance rate at Paris auctions in June points to selective demand in the central districts.
How we reported this
Paris auction houses cleared just 64 percent of listed residential lots in June, the lowest monthly figure since early 2024 and a drop from 71 percent in May.
The decline matters now because interest rates have held above 3 percent for twelve straight months while the Grand Paris Express continues to open new stations on the eastern and northern edges of the city, shifting some buyer attention outward.
Central streets show selective bidding
At the Hôtel Drouot salesroom on Rue Drouot, three apartments on Rue du Faubourg Saint-Honoré in the 8th arrondissement drew multiple bids yet only one reached its reserve; the others were passed in after final offers fell short of the 11,800 euros per square metre guide. In the 11th arrondissement, a two-bedroom flat near Place de la République sold above estimate, but three similar lots on Rue Oberkampf attracted no bids above the 9,400 euros per square metre floor.
City-wide average prices remain near 10,000 euros per square metre, with the 1st to 8th arrondissements still commanding premiums above 11,500 euros while the 9th to 11th districts sit between 9,200 and 9,800 euros, according to the latest Chambre des Notaires de Paris figures released on 8 July.
Next steps for buyers and sellers
July catalogues at Drouot close on 22 July, giving vendors in premium postcodes until then to adjust reserves if they want to avoid a second pass-in. Prospective buyers tracking the Grand Paris Express stations at Romainville and Noisy-le-Sec should compare auction results against private treaty listings in those communes before the next round of sales opens in September.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.