France is seeing a surge in home prices as the country seeks to rebuild from the worst of the economic crisis, but analysts say some cities have more expensive housing to offer residents than others.
The trend comes as the French economy shrank for the third consecutive year, with the economy shrinking by 6.2 percent in the fourth quarter.
The country’s unemployment rate remains high, at 10.7 percent, as the government struggles to stem an economic slowdown and push up public spending.
The number of new housing units fell in Paris by about 3,000 in December, according to the country’s housing association.
There are about 2,400 units in Paris, which includes a quarter of the city’s residential area.
A look at how Paris and the French capital compare.
The region with the biggest increase in prices is the western Paris neighborhood of La Petite Cambodge, where prices rose by more than 20 percent.
There, the number of rental units dropped by about 1,100 units.
Parisian prices are also up by more in the city of Rennes, with about 2.2 million rental units.
In the north of France, Paris and Lyon, prices rose in the region of Bordeaux, while in Lyon, the city saw its average rental rate increase by 3.1 percent.
In central France, the southern suburbs of Marseille and Montpellier saw prices rise by about 20 percent and 20 percent, respectively.
In Lyon, where the average rental price increased by 6 percent, some neighborhoods saw the highest increase, with a 20 percent increase in the western part of the neighborhood, according the housing association, which is part of a French-French group.
In Paris, the average rent in the northern Paris suburb of Clichy rose by 3 percent, the same area where prices are up the most in the suburbs of Paris.
The average price in the south of the French city of Marseilles rose by 7.5 percent.
The French economy has been hurt by the country becoming one of the hardest hit in Europe by the global financial crisis, which also affected its tourism sector.
The French economy lost an estimated 1.7 billion jobs between the second and third quarters of 2016, according a report by the French Ministry of Economy.
That’s about 5 percent of the nation’s economic output.
The ministry said unemployment is at 8.4 percent in France, while the official unemployment rate in December was 9.7.
The economy has seen a lot of the job losses due to the financial crisis.
According to the ministry, the labor force shrank by 3 million people between January and March of this year, while unemployment rose by an additional 5.1 million people.