As reported the newspaper Le Figaro, in 2014 Louvre will receive a new building - the museum will get the building of hotel de la Marine in Paris, which is currently the main headquarter of the Fleet Marine Forces. According to director of Louvre Henri Loyrette, the museum has no plans to move one of its departments or part of its collection to the new building. There will be exposed collections from other museums or institutions. The building total area is about 22 thousand square meters, 3 thousand of which have been already restored. The whole restoration project is estimated US$ 65-105 million (50-80 million euros). It is assumed that de la Marine hotel will become an important cultural center, where will also be held lectures and seminars. In one part of the building will house the Court of Audit of France. Hotel De la Marine is one of two stone buildings, located on the Place de la Concorde. It was built in 1757-1774 by the order of Louis XV according to Ange-Jacques Gabriel's design. The construction works were led by architect Jacques-Germain Soufflot. The building was used as a storehouse for the royal furniture and other property.

As reported by TheMoveChannel.com, Picasso's first workshop, in the heart of Montmartre, is up for sale in Paris by 1.5 million euro. The workshop, located in Montmartre, has been converted into an apartment and is now listed on the property market for art-loving investors. The modern conversion is divided into two 40 square meters studios, comprising a loft apartment with mezzanine bedroom and a workshop. On the top of a hill close to Sacre Coeur, it has views across Paris from the city's bohemian centre. Picasso arrived at the property in October 1900, aged 19. The artist lived there with his best friend Carlos Casagemas and fellow painter Manuel Pallares for several creative - and promiscuous - years. Together, they spent their nights attempting to work, but more often than not getting distracted by dance halls, women and brothels. Picasso produced several paintings in the workshop, including the famous Le Moulin de la Galette. In February the next year, while Picasso was away from home, his friend Casagemas shot himself at a nearby cafe, prompting the onset of the artist's "blue period", and a depression that lasted for years. In 1904, after travelling frequently to Barcelona, Picasso settled in Paris. Today, a small plaque confirms that the city centre property was his premier atelier (first workshop). It is currently owned by a well-known French photographer. Playing a fundamental part in forming the artist's abstract style, this unique Paris apartment is a rare combination of contemporary home and art history.

According to Knight Frank company research, luxury house prices in Paris rose by 22.2 percent in the year to march 2011. Prime property in Paris recorded the strongest price growth of all the cities monitored within the Knight Frank Prime Global Cities Index. This increase is driven primarily by supply constraints and growing interest from overseas buyers. As mentioned in research, overall, the cities recorded an average annual price growth of 6.6% compared to 12.7% a year earlier. A year ago there was a clear continental divide when it came to the performance of the world's prime property markets. Asian cities occupied the top rankings for price inflation while Europe and the US trailed far behind. A year on and the global picture is less clear cut. According to research, the second place is Hong Kong by 15 percent and the third is Helsinki by 12.2 percent. First five places are concluded Shanghai and Beijing respectively by 11 and by 10 percent increase. In London and in Singapore luxury house prices increased by 8.6 percent. Moscow's prime residential market recorded the weakest performance, with prices declining by 8 percent. However, the rate of decline is slowing, with 0.7 percent recorded in the last quarter.

Paris unveiled the latest giant to grace its famous skyline, with the formal inauguration of France's tallest skyscraper, known as the "First Tower". At 21,000 tonnes, the First is more than twice as heavy as the French capital's tallest and most famous landmark, the Eiffel Tower, which nevertheless beats it for sheer height at 324 meters. The spire was born when developers stripped down and rebuilt the mighty Axa block in La Defense business quarter on the western edge of the city, adding 69 metres to send it soaring to 231 metres. Now, the tower tops the city's previous famously unloved tallest office block, the slab-like Tour de Montparnasse, which looms over the Left Bank at 210 metres tall. But, despite the triumph of its architecture, First has so far not proved a hit with tenants: Only half of its office space, 80,000 square metres spread over 52 floors, has so far been allocated. Building on the 300 million euro ($ 440 million) tower began in 2008. The first tenant, accountancy giant Ernst and Young, will move in during the second half of the year. But the highest tower title The First can lose in 2016. Government has issued a permit for construction of the Phare Tower (Lighthouse Tower) with 300 meters high also in region La Defense, which is scheduled to open in 2016.