Paris, France - January 16, 2025 While the housing debate rages in several European countries, including Spain, Paris offers a contrasting picture: its socialist City Council has doubled in just over two decades the number of subsidized housing, up to 25%, but suffers exorbitant prices in the private sector. Renting or buying in the French capital is within the reach of few. On average, a Parisian pays 25.7 euros per square meter to rent (about 1,500 euros on average for a 60-meter apartment) and 9,300 euros to buy (560,000 euros for the same area). Camera: EDGAR SAPIÑA MANCHADO. FOOTAGE OF BUILDINGS AND STREETS OF PARIS (FRANCE). SOUNDBITES OF JACQUES BAUDRIER, COUNCILLOR FOR HOUSING, PARIS CITY COUNCIL. The money we are going to spend this year is 600 million euros. From memory, we started at 200 or 300 million euros in 2001, we have been increasing the budget and this year is the record, 600 million, last year it was 500”. 2. “Most of our social housing production is done with the acquisition of housing. On average, we used to buy 600 homes per year. Last year it was 1,700. For the last 2 or 3 years we have gone from a model of building a lot to a model where we buy and remodel a lot. This year the goal is to buy more than 2,000 homes.” [Restrictions: Spain, Latin America, or the U.S. Hispanic market]