Brexit has made a Paris suburb the most expensive place to buy property in France

A new survey has revealed that one Paris suburb has leapfrogged the French capital in terms of property prices to become the most expensive place to buy in France. The latest LPI-Se Loger property barometer shows that the French capital is no longer the most expensive place to buy property in France. Leapfrogging the capital to become the most expensive place to buy in France is Neuilly-sur-Seine, located to the western edge of Paris, sandwiched between the plush 16th and 17th arrondissements of the capital and the business district of La Defense. According to the barometer the price per square metre in Neuilly-sur-Seine, which data shows is the wealthiest town in France, is now €10,344 per square metre. That compares to the average price of an apartment in Paris which is €9,827 per square metre, according to the barometer. Although it's worth pointing out that that is the price for Paris as a whole, where property prices vary widely between the west and the east of the city. In some central and western arrondissements of the capital, such as the 8th and 16th, the price per square metre is much higher than Neuilly. Joining Neuilly were Levallois-­Perret (see below) in the north western suburbs of Paris, where the average price per square metre was €8,544?euros, representing a rise of 12.3 percent, Boulogne-Billancourt (in the western suburbs) where the average price was €7.890?euros (a rise of 3.4 percent) and Issy-les-­Moulineaux (average of €7.308, representing a rise of 10.8 percent). "The French coming back from London are choosing the Hauts-de-Seine and Yvelines. As they're used to the very expensive London housing market valued at around €15,000 per metre squared, the property prices in and around Paris, even though they're high, seem affordable to them," said property analysts Buthaud et Chatry.