Mansion Global

Paris a Perfect Match for the Strong Dollar

Exchange rate may encourage Americans to buy French property

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A strong dollar is sending Americans in search of second homes to Europe. Although it has weakened somewhat in recent weeks against the euro, the dollar has kept most of its gains and is expected to begin climbing again in late August or September. "We think the dollar has room to pick up, but maybe not immediately," said Steven Englander, Global Head of G10 FX Strategy for Citigroup. As of Friday's close, the euro buys $1.1362 dollars. American buyers looking to capitalize on their currency advantage might consider a Parisian pied-à-terre. Paris is the world’s ninth most expensive city for luxury homes, according to real estate consultancy Knight Frank. But the French capital remains a relative bargain compared with other destinations. “Prices still trail other city centers," said Mark Harvey, a partner at Knight Frank who leads the French residential network. Here's a look at what's on the market in Paris. These five properties, all listed on Mansion Global, range in price from about $4.5 million to roughly $37 million. Visit the links below for the complete listings. Townhouse: about $37 millionDuplex penthouse: about $9.5 million19th century mansion: about $8.4 millionTriplex apartment: about $6.2 millionDuplex apartment: about $4.5 million Listings on Mansion Global as of June 19, 2015 Write to Gina Faridniya at gina.faridniya@dowjones.com