Paris arrondissement rating: where is the best place to buy real estate in 2024

District 1 — Louvre: crowds of tourists, boutiques and parks

The 1st arrondissement is the very center of Paris. It has the most tourists compared to other areas. The most famous sights of this district are the Louvre, the Arc de Triomphe on the Carousel Square, the Conciergerie Castle and the Palais Royal palace complex with gardens. There are many chic boutiques and jewelry stores on the Place Vendome, where the famous column stands, and on the surrounding streets.

The best quarter of the district is considered to be Les Halles (“Les Halles” in French means “covered markets”). The atmosphere of this corner inspired Emile Zola to write the novel “The Belly of Paris” — this is also the name of this quarter. Les Ales is the leader in terms of green spaces in the French capital. Apartment prices range from 8,000 to 17,000 euros per sq. m. metre. They are often bought by wealthy foreigners. Families rarely settle in this quarter because of the noise and high cost.

In the Saint-Germain-l quarter’Auxeroi real estate costs on average more than 10,000 euros per sq. m. meter, apartments with a view of The seine is sold even more expensive. Prices for individual objects reach 20,000 euros per square meter. metre. In the Palais Royal quarter, housing costs an average of 10-20 thousand euros per square meter. metre. Celebrities settle here: for example, French designer Jacques Grange owns an apartment with a glass roof, a view of the gardens of the Palais Royal and a unique collection of antiques.

District 2 — Bourse: nightlife and shopping galleries

There are many shopping galleries, fish and dairy shops, restaurants, cafes and museums on the territory of the 2nd district. Life in the area boils until late at night, so the Exchange is not suitable for lovers of peace and quiet. This is a neighborhood of young, mobile people who often rent housing here. Rent costs an average of 34.8 euros per sq. m. a meter per month, but small apartments on good streets are more expensive to rent (29-48 euros per sq.m. meter), they are also in demand the most, and the demand for them is greater than the supply.

In the west of the district there are neighborhoods that are traditionally considered bourgeois. There are many buildings from the era of Baron Osman, which are distinguished by elegant facades and moderate decor. The average real estate price is 11,000 euros per sq.m. metre. In the Monorgey quarter, housing costs up to 14,000 euros per sq. m. a meter, and in the quarter of Santier, which is always teeming with people, housing is cheaper (about 12,000 euros per sq. m. meter). Studios are often sold for around 9,000 euros per sq.m. metre.

District 3 — Temple: parties and fashionistas

This district is not suitable for lovers of silence and supporters of traditional family values, because most of it is occupied by Mare, a favorite neighborhood of the LGBT community. The quieter quarters of the 3rd arrondissement are the Archives and Saint-Avois.

This area has become the most popular among designers, stylists and fashion industry stars, so it is attractive to fashionable youth, including Russians.

Real estate of the average price category can be bought for 9 500 — 17 500 euro per sq. m. metre. The cheapest housing in the Ar-et-Metier quarter: an average of 9,500 euros per sq. m. metre. In the Anfan Rouge quarter, apartments are sold for about 12,000 euros per sq. m. a meter, in the Archives, is even more expensive: about 14,700 euros per square meter. metre.

Arrondissement 4 — Hotel de Ville: Notre Dame Cathedral and wealthy foreigners

The best part of the 4th arrondissement is the island of Saint Louis, where real estate prices are the highest. The island is home to musician Bryan Adams, rebuilt from an 18th-century stable. Cheaper offers can be found on the Arsenal embankment. The French from the provinces predominate among the buyers, but 20-30% of transactions are made by foreigners. Wealthy people buy spacious apartments, which are their second or third purchase. Those who acquire real estate for the first time prefer studios with an area of 12-15 sq. m. meters.

In the 4th arrondissement, in the Beaubourg quarter, there is the Georges Pompidou Center, a cultural center, the third most visited landmark in Paris after the Louvre and the Eiffel Tower. On average, real estate in this district costs from 9,000 to 22,500 euros per square meter. metre. Among the disadvantages of the district are the lack of new buildings and high noise levels.

District 5 — Pantheon: students, immigrants and a lively atmosphere

The 5th district is the realm of students. Here you can hear people speaking a wide variety of languages and taste dishes from all over the world. In the district lies one of the narrowest streets in Paris — Sha-ki-Pesch (French Chat-qui-Pêche — “the cat who catches fish”). The Pantheon is home to prestigious lyceums and universities (Sorbonne Medical Faculty, New Sorbonne and others), so it is profitable to purchase studios for rent. According to a Wall-Market study, the presence of lyceums in the district. Henry IV and Louis the Great is heating up the local real estate market: over the past year, housing prices in the vicinity of these educational institutions have jumped by 12-15%.

Spacious apartments sell worse, but unique objects always find buyers. Apartments with views of famous landmarks “disperse” in the blink of an eye. The best places to live and buy real estate are Pantheon Square and Boulevard Saint-Germain. The rental price in this area ranges from 27 to 42 euros per sq. m. meter, which is an indicator of high profitability. The cost of housing can vary from 9,000 to 17,000 euros per square meter. metre.

The disadvantages of the district are noise at night and poor air quality. “There is absolutely nothing to breathe here in summer. I have the impression that it only gets worse every year,” says a visitor to the Ville-Ideale website.

District 6 — Luxembourg: families with children, celebrities and old buildings

In the “glamorous” 6th arrondissement there are many houses of celebrities, as well as historical buildings of the XVIII century and the era of Baron Osman. There are good schools and spacious (120-150 sq. m. meters) apartments for families. Procope, one of the oldest cafes in Paris, is located in this district. The best places in the area are the streets of the Seine, Bonaparte, Jacob, Place Saint-Germain-des-Pres, the surroundings of the Seine embankment and the Luxembourg Gardens. The Monet quarter is considered the worst: it is noisy and narrow streets here.

Luxembourg is the most expensive district of Paris: housing is sold for an average of 16,000 euros per square meter. metre. Small apartments are in demand. A studio with an area of 15 sq. m. meters next to the Luxembourg Garden can be purchased for about 285,000 euros, an apartment of 30 sq. m. meters on Cassette Street — for 561,000. Small-sized objects are sold out almost in two days. The market for spacious housing in the middle price category is less liquid, but apartments more expensive than 2 million euros are in high demand.

Property prices range from 12,000 to 27,000 euros per sq.m. metre. Luxury housing costs about 27,000 euros per sq. m. meter; this category includes penthouses and large apartments with terraces, which offer beautiful views of the city. Renting an ordinary apartment often costs 5-6 thousand euros per month (30-50 euros per sq.m. meter). Therefore, it is more profitable not to rent a house, but to buy it, even on credit.

Unlike other areas of Paris, the 6th arrondissement has enough apartments with an area of 120-150 sq. m. meters. Families with children often move here. There are many good educational institutions in Luxembourg: colleges and lyceums named after him. Stanislas, Montaigne, Saint Louis, the Higher National School of Fine Arts, the National School of Management, the Mining Institute and the Faculty of Medicine. To generate rental income, investors often buy local studios and small two-bedroom apartments.

District 7 — Palais Bourbon: Eiffel Tower, mansions and gardens

France’s most famous landmark, the Eiffel Tower, is located in the 7th arrondissement. In addition, there are many government agencies, embassies and museums here. This area has long been shrouded in an aura of success and prestige. On its beautiful streets there are dozens of mansions hidden in the midst of gardens. These houses are often occupied by ministries and other departments. There are many buildings from the era of Baron Haussmann in the vicinity of the Champ de Mars, on which the Eiffel Tower stands.

All local neighborhoods are considered prestigious: near the Invalides Palace, the Military School, Saint-Thomas-d’Aquin, as well as Gros Cayou – one of the best park areas in Paris. This district is favored by wealthy foreigners, including Russians, as well as immigrants from the Middle East and from South America. Spacious apartments with beautiful views from the windows are in demand.

As in the 5th arrondissement, real estate prices are rising here due to the presence of prestigious educational institutions. According to Wall-Market, housing in the vicinity of the lyceum named after Victor Duruy’s price has risen by 8-10% over the year. The average cost of housing in the 7th arrondissement ranges from 11,000 to 24,500 euros per square meter. metre.

Arrondissement 8 — Champs-Elysees (Élysée): cafes, boutiques and artists

The Champs—Elysees is an urban artery flooded with tourists, which together with Avenue Montaigne and George V forms a “Golden Triangle”. These streets are the most prestigious not only in this district, but also in the whole of Paris. There is everything for entertainment: cafes, bars, restaurants, cinemas, nightclubs, boutiques and shopping malls. Among real estate buyers, Matignon Avenue is also in demand, where you can wander through art galleries. In the north of the district there are quieter and more modest streets with many buildings of the XIX century.

Real estate in the 8th arrondissement is in great demand among foreigners. Local housing costs an average of 9-22 thousand euros per square meter. However, there is a huge gap between the prices on individual streets. So, on Boeti Street, apartments are sold for 8 000 — 12 000 euro per sq. m. a meter, and on Avenue Montaigne — for 22-40 thousand euros. There is a large selection of luxury housing in the district, but, as noted by local realtors, there are few of the most sought—after objects – apartments worth 1-1.2 million euros and an area of 110-180 square meters. meters.

District 9 — Opera (Opéra): creative people and big shops

The 9th arrondissement, like the 10th, is among the most densely built-up in Paris. Saint—Lazare, one of the three largest train stations in the city, is located in this area. Most of the local population lives in the southern part of the district. It is noisy, crowded and well-developed trade. The northern part is quiet, there are fewer shops and more private properties.

Of the four blocks (Saint-Georges, Chausse d’Antin, Faubourg Montmartre and Rochechouart), Saint-Georges is the most in demand. It has the highest real estate prices in the district: on average, more than 12,000 euros per square meter. metre. There is a special demand in Saint-Georges is used by the neighborhood of the Church of the Holy Trinity, but there are few housing offers. Property buyers are also attracted to the Nouvelle-Athen area, where artists and writers have long settled, and Cardinal Mercier Street, where some properties are sold for more than 11,000 euros per square meter. metre. Similar prices are available in the Chausse d’Antin quarter, where there are large shops (Galeries Lafayette, Printemps and others) and Opera Garnier. In the 9th arrondissement, only this block is appreciated among wealthy foreign buyers. Parisians traditionally consider the Faubourg Montmartre and Rochechouart to be good neighborhoods. In these places, real estate is sold on average for 8,000 and 11,000 euros per square meter. The meter is accordingly.

Most of the buildings were built in the second half of the XIX — early XX centuries. They most often contain spacious apartments and small apartments rebuilt from former servants’ rooms. There are few medium-sized apartments.

There are many families with children living in this district. They are attracted by the prestigious Lyceum Condorcet.

The worst places in the 9th arrondissement for living and buying real estate are Pigalle Square and its surroundings (this is the “red light district”), as well as Clichy Square. The district has a drawback: it is called the most urban place in Paris because there is little greenery here.

District 10 — Enclos-Saint-Laurent (Enclos-St-Laurent): train stations, canal and fishermen

The tenth arrondissement is also a busy area. The congestion is facilitated by two large stations — North and East, from where you can get to London and German cities.

The best place in the district is the Canal Saint Martin, where you can fish. It served as the setting for the film “Amelie”, nominated for five Oscars. Small apartments with inflated prices prevail near the canal — about 10,000 euros per square meter. metre. Spacious apartments are cheaper. The greatest demand is for housing worth 200-230 thousand euros. Goncourt is considered a good place to live, where there are many restaurants, as well as Alibert, Bichat, Marie and Louise streets.

However, it can be noisy in the 10th arrondissement. It is especially difficult for those who sleep lightly at night. It’s not safe near train stations: high crime rate. There are almost no places for sports: no parks, no swimming pools, no public gyms.

“You feel less safe here than, for example, in the 16th arrondissement, but still it is much better here than in many areas of other cities. However, the 10th district is big… You can’t compare, for example, a canal with train stations,” says a visitor to the Ville-Ideale website.

District 11 — Popincourt: youth, parks and shops

There are a lot of young people and creative people in the 11th district. It is a dynamic and lively area. Home buyers are attracted by excellent transport links (25 metro stations are the most in Paris), squares, parks and a rich cultural life.

In addition, trade is developed in this area. “As for the shops, they are on every corner and are open until late at night. This is the difference from the 16th arrondissement, where you can die of boredom,” says a visitor to Ville-Ideale.

The best places in the 11th arrondissement are the Bastille quarter, the vicinity of the Rue Faubourg Saint-Antoine, Avenue Philippe-Auguste and Rue Saint-Maur.

According to Credit Foncier, 60% of housing transactions relate to apartments with an area of less than 50 square meters. meters. Studios and studio apartments are in great demand. Spacious apartments make up only 12% of Popancourt’s housing stock. About a third of the deals are in the range 8 000 — 11 000 euro per sq. m. meter, half — from 12,000 to 14,000 euros. High prices are found in the Bastille quarter, in the Roquette sector and in the east of the Sainte-Marguerite quarter. To the east of Rockett Street, towards Charonne Street and further north, prices average 9,900 euros per square meter. metre.

There are also disadvantages: there are few spacious apartments and good educational institutions. Wealthy residents of the 11th arrondissement send their children to more prestigious colleges in the 4th arrondissement.

District 12 — Reuilly: parks and gardens

The 12th district is a green, quiet area. On its territory there are “light cities” — the Vincennes Forest with 27 km of bike paths. There you can walk, breathe fresh air, ride horses and roller skates.

Transport links are developed in this part of the capital: there are two metro stations, high-speed trains (RER) run. Defance, a business district in the suburbs, can be reached in 10-12 minutes. the center of Paris is 5 minutes away. There are quite good private schools, lyceums and hospitals, many shops, including Franprix, G20 and Casino. The cost of real estate varies on average from 7,000 to 12,000 euros per sq. m. meter. The 12th district is distinguished by a large number of new eco-friendly housing, organically integrated into the historical development of the area.

“This is a green district, the Vincennes Forest is located here, and on weekends you can take wonderful walks with children. My favorite places are the Squares of the Nation and Domenile, as well as the market d’Aligre. I highly recommend this district!” says a visitor to Ville—Ideale.

District 13 — Gobelins: new buildings, Asians and designers

This area, located in the south of Paris, is characterized by multi-storey buildings erected in the second half of the 20th century, especially in the southern part: countless skyscrapers stretch from the gates of Italy to the gates of Ivry around the Olympic quarter. The construction market is active.

This area is home to the Asian quarter — Paris Chinatown, where Europeans avoid settling and buying real estate. Housing in this quarter costs an average of 6,500 euros per sq.m. metre. Nevertheless, many people come here from other counties to shop at Chinese grocery stores or taste Asian dishes at numerous eateries.

The banks of the Seine are being actively built up. The famous Josephine-Baker pool is located by the river. Les Docks is located in the 13th arrondissement – the “town of fashion and design” with the fashion institute, boutiques and exhibitions of the Gallier Museum. Louise-Weiss Street and the surrounding streets make up the “art quarter”.

The surroundings of Rene-le-Gall Square and the Butte-aux-Cays quarter, where real estate prices reach 8,500 euros per square meter, are considered good areas for living. meter, on some streets — 11,000 euros per square meter. metre. Transport links are not well developed in the Maison Blanche quarter.

District 14 — Observatory: athletes and new neighborhoods

As in the 13th, new buildings are being actively erected in the 14th arrondissement. There are many shops and cinemas in the area. There are bike paths in the Montsouris Park. The district is suitable for both young and elderly people.

Here, the best places to live and buy real estate are Alesia, Gete, Daguerre Street, Danfer-Rochereau, Montparnasse, Avenue du Maine, Perneti and Pleasance. The surroundings of the Montsouris Park are quiet and peaceful, but the Marshals Boulevards are too noisy. About 50% of the housing stock in the district consists of small apartments.

Studios with an area of 10-35 sq. m are in the greatest demand. meters. Housing costs an average of 7,000 to 13,000 euros per sq. m. metre.

The 14th district is hampered by a transport problem. “The movement of cars has been difficult since the creation of a green quarter and bike lanes. There is a good connection towards Danfer, and a very bad one towards the periphery,” says a visitor to Ville-Ideale.

District 15 — Vaugirard: shops and fairs

There are few tourists in the 15th arrondissement and families with children often settle. Commerce Street is especially popular among couples, where there are many shops. There are two parks in the south of the district: Andre-Citroen and Georges-Brassance. The only landmark of the 15th arrondissement is the Montparnasse Tower, the second tallest in Paris after the First building in Defiance. Fairs are held at the gates of Versailles all year round: an Agricultural salon, an auto show, a Book Salon, and the Paris Fair.

The district has well-developed transport links, with the exception of the Saint-Lambert quarter. “A residential area, but quite lively. There are a lot of good shops, many of which are open until midnight, and restaurants,” says a visitor to Ville-Ideale.

Now this district is one of the most promising for the purchase of real estate. The area has a good ecology, a developed system of treadmills and parks, active housing construction according to high environmental standards. The proximity to the city center guarantees transport and walking accessibility. The average cost of real estate in this area is 9,000 euros per square meter, which is significantly lower than the neighboring 6th and 7th districts.

The 15th district is considered one of the most developed and prestigious for living. In the east of the arrondissement is Beaugrenelle, one of the few Parisian neighborhoods dominated by skyscrapers and high—rise buildings.

District 16 — Passy: elite streets and high prices

For many European cities, the rule applies: the wind blows mainly from the west, and elite areas are also located there. In Paris, air flows come from the southwest. It is in that part of the city that the 16th, most sought-after district is located.

Shops, restaurants and cafes are concentrated in the center. On the streets south of the Seine, all activity freezes. Therefore, the French themselves often talk about the Passy district: “Expensive and boring, without life.” This is an area where the Parisian bourgeoisie traditionally settled; residents of neighboring districts often complain about the arrogance of the local population. There are many private properties planted with gardens, but few shops and entertainment facilities. Foch Avenue is considered to be a particularly attractive place. According to notaries, the average price for apartments in the 16th arrondissement was 12,000 euros per square meter. metre.

This is the most fashionable and expensive area of Paris, so the largest number of Russians settle here. In addition, the Russian Embassy is located in this area.

The prestigious lyceums Jean-Baptiste-Say and Jeanson-de-Sayy are located in the 16th arrondissement. In the vicinity of these establishments, apartments rose in price over the previous year by 8-10 and 5-8%, respectively (Wall-Market data). Nearby is the Bois de Boulogne, where you can relax and play sports. In addition, the Molitor pool, mentioned in the book and film “Life of Pi”, is located in the 16th arrondissement.

Arrondissement 17 — Batignolles-Monceau: embassies and modern architecture

The next three districts — 17, 18 and 19 — form the northern part of Paris.

There is peace and quiet in the west of the 17th arrondissement. Wealthy people live in luxurious houses on wide avenues converging at the Star Square. A good place to buy real estate is Turn Avenue, where all the trade of the area is concentrated. The Batignolles and Epinette neighborhoods are considered lively, but it is not recommended to settle there: transport links are poorly developed, the quality of life is low, there are not enough parks. There are 16 embassies and consulates of different countries in the district.

New houses are being actively built in Batignolles-Monceau. The average cost of real estate in this district ranges from 7,000 to 14,000 euros per square meter. metre.

Arrondissement 18 — Montmartre (Butte-Montmartre): vineyards, markets and Sacre Coeur Basilica

Tourists from all over the world come to the 18th arrondissement to climb the 222 steps of Montmartre Hill and take a bird’s-eye view of the whole of Paris. Even in the age of technology, this quarter has retained a rural atmosphere: steep cobbled streets, houses covered with greenery with beautiful architecture and its own vineyard, where crops are harvested every year. It is not surprising that Montmartre is considered the best place to live in the 18th arrondissement.

There are good transport links in this area (with the exception of the Grand Quarry and Chapelle quarters): there are many metro stations, a tram line runs. Shopaholics will be pleased with shops and markets with exotic goods.

According to the Parisian notaries, the average house price is Montmartre amounted to 9,500 euros per sq. m. metre. This is one of the cheapest districts in Paris. But the prices inside it vary greatly. For example, on the Lamarck-Coulencourt side, housing costs 15,000 euros per sq. m. a meter, and next to Marx-Dormois — about 6,000 euros.

Social housing facilities are concentrated in the north of the 18th arrondissement. In the south, Montmartre Hill is legally protected from excessive development. In the east and northeast, 40% of the housing stock consists of two-room apartments. There are few apartments with five or more rooms in this area.

The worst neighborhoods are considered to be: Barbes (underground merchants, pickpockets) and Gout-d’Or, which is called the Paris Bronx because of high crime. There are drug dealers at the Chateau Rouge metro station. In the evenings, noisy young people walk around. Cases of vandalism are frequent: teenagers paint bus stops, telephone booths and walls of buildings.

District 19 — Buttes-Chaumont: science center and parks

In the 19th arrondissement there is a beautiful Butte Chaumont Park, a Center of science and industry, a mirrored dome “Geode” with an IMAX cinema. The area is developing: in particular, a new Delphine Seyrig student complex is being built for 185 housing units.

However, this area is generally not recommended for the purchase of residential real estate. Transport links are poorly developed here, especially in the Flanders Bridge quarter, poor quality of life, high crime, and vandalism are rampant. Cars are often stolen, tires are pierced, and things left in the salons are stolen.

Arrondissement 20 — Ménilmontant: Père Lachaise Cemetery and social housing

Families from districts 3 and 11 often move here, since it is in the 20th district that you can buy a larger apartment and for a lower price. Local apartments cost an average of 8,600 euros per sq.m. metre. There is a large range of prices in the Cours de Vincennes – from 6,500 to 11,000 euros per square meter. metre. Studios in beautiful buildings are offered on Alexandre Dumas Street.

The best places to buy real estate are Place Gambetta, the vicinity of the Pere Lachaise cemetery and the Cours de Vincennes. The worst neighborhoods are Belleville, Menilmontane and Saint-Blaise. There are poor transport links, high levels of pollution, a lot of cars and few parks.

Despite the fact that districts 19 and 20 are not the most prestigious, they are of interest for investment, as the infrastructure is developing and there is scope for new construction projects.

Less pleasant areas to live in are districts 19 and 20. There is a large amount of social housing there, many facilities are being built, so they are promising for investment. Social housing will eventually disappear from these areas, so the highest increase in real estate prices is expected in these districts.

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