If arrondissements 1 to 8 form a block in the city center, 5 of them include all the arrondissements where property prices are rising sharply compared to the general average, whether for purchase (more than €12,500) or rent (€33-35). Logically, they refer to the wealthiest neighborhoods, where beautiful private residences, luxury boutiques, prestigious corporate headquarters and symbolic places of the French nation are located. Here are our top 5.
Left bank, highest real estate values
On the side of the Luxembourg Gardens, 6th district shows the highest average property value in the capital with €16,270 per square metre. The area is characterized by a wealth of residential housing, which explains these prices. The Saint-Germain-des-Prés district reaches €17,500/m² and even includes certain sectors exceeding the €18,000/m² mark, especially around Rue Bonaparte. Saint-Germain-des-Prés is followed by the district of Rennes (€16,160/m²) and Odéon (€16,650/m²) to achieve a density unmatched in the rest of the capital.
THE 7th district, Palais-Bourbon, is the second most expensive in the capital. The price per square meter in the 7th arrondissement of Paris is around 14,600 euros. There we find the Eiffel Tower, the Champ-de-Mars and the National Assembly. The Saint-Thomas d’Acquin sector on the banks of the Seine exceeds €16,500 per square meter, while the Invalides district around the famous hotel is close to €16,000.
Paris center, historic districts
The price per square meter in the 4th arrondissement of Paris is 13,700 euros on average. Famous monuments such as the Notre-Dame de Paris cathedral stands in this sector of the capital. Prices there are everywhere above €13,000. However, one sector stands out very clearly, namely the Ile Saint-Louis, in which a square meter is approaching the 17,000 euro mark.
The price per square meter in the 1st arrondissement of Paris is around €12,800. The most popular areas – the Vendôme district and the Palais Royal – average over €13,500 to €14,000/m². However, one sector stands out very clearly on the interactive map, the Île de la Cité sector, one of the most expensive in the capital (€18,000/m²).
Elysée, French luxury
In the ranking of the most expensive districts of Paris, it is eighth, Élysée, fifth. The price of a property in the 8th arrondissement of Paris is €12,700. The 8th arrondissement includes the Champs Élysées, Avenue Hoche and Parc Monceau. But what sets it apart from other similarly priced spaces is the presence of the Golden Triangle district, which reaches €16,500, with a maximum around Rue Jean Goujon, almost €18,000/m². Thus, in June 2023, the Golden Triangle will appear among the 6 districts where properties in Paris have the highest prices.