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Paris prices remained stable. The Chambre des Notaires de Paris reported a new record reached in October 2012 placing the average property price at €8,440 euros (euros EUR) per square meter (approximately €780 euros per square foot) equivalent to an increase of 37.1% over the past five years while the average for the greater Paris/Île-de-France area was stated at €5,590 per square meter (approximately €520 euros per square foot) equivalent to an increase of 23.7% over the past five years.