You have to hand it to the French. Here in the US, we’re thrilled if we can cobble together real estate sales and rental data going back a few years. In preparation for my trip to Europe on Friday, I took a look at what data was available in Paris. A lot. Easily downloadable are the purchase and rental data for Paris from 1200 to 2016. Yes, the year 1200 … 816 years of data at your fingertips. The data is tracked by the Conseil Général de l’Environnement et du Développement Durable (CGEDD). Quite a mouthful.
Looking back a bit more reasonably to 1965, there are some interesting comparisons to be made. First of all, the average property in the US as measured by Freddie Mac and Case-Shiller was consistently higher than in France from 1965 until 2001, when the costs merged. From that point onwards, French residential real estate has greatly outperformed the U.S. market.