Baltimore, MD (PRWEB) June 13, 2012
A current strong U.S. dollar is creating opportunity for American buyers in Paris. The up-and-coming 20th arrondissement already relatively inexpensive when compared to the citys central districts is now an even better buy, says Steenie Harvey, European editor at InternationalLiving.com.
The euro is currently at multi-year lows compared to the dollar (1 = 1.25 USD). A year ago, on June 13, 2011, for example, the exchange rate for one euro was $ 1.44.
In the June issue of International Living, Harvey says, “Property prices in the 20th are 20% below the Paris average of just over $ 1,022 per square foot. The average in this district is $ 817 per square foot. So with a strong dollar right now, you can get a bargain in this part of Paris.” Her research revealed, for example, a 204-square-foot studio apartment for just $ 189,000.
The 20th arrondissement comprises four official quarters: P
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