The 1st arrondissement is the most central area of Paris. It is ideally located close to the Right Bank of the Seine and surrounded by the 4th, 6th, 7thand 8th arrondissements. It owes its reputation to Rue de Rivoli, the famous bustling shopping street that is basically the backbone of Paris, connecting Place de la Concorde to Place de la Bastille. And of course the luxurious Place Vendôme, the international temple of fine jewelry. Showcasing the city's heritage, this arrondissement is home to the most famous monuments of Paris, such as the Louvre, Palais Royal, Pont Neuf and Sainte-Chapelle. It is widely sought after by international clients, drawn to the charm of this historic area, its central location and its rich architecture along the river.
This arrondissement has one of the highest prices per square meter in Paris, reaching €10,000/sq. m on average. Around Palais Royal, the price per square meter is even €11,200 on average. The 1st arrondissement is also one of the only ones in Paris to have experienced a rise in prices over the past year, with an increase of 2.2% throughout the arrondissement.
Connected to the 1st arrondissement by the Palais Royal gardens, Parisians love the 2nd arrondissement for its charming shopping passages, trendy boutiques and authentic streets offering prestigious properties in the heart of a young, dynamic and bustling area. The best example of this is the Montorgueil district, close to the 4th arrondissement, which offers many restaurants and bars frequented by locals and tourists eager to soak up the French lifestyle. The 2nd arrondissement of Paris is also well known for its entertainment venues and the famous Grands Boulevards where you can still feel the spirit of Yves Montand.
The average price of property in the 2nd arrondissement is €9,230 per sq. m. However, this amount hides wide disparities. While there has been an overall downward trend prices in the arrondissement in the past year (-3.9%), prices in the Mail area have skyrocketed, increasing by 16.7% in one year. In contrast, the Bonne Nouvelle area has recorded a record-breaking drop in prices, which fell by over 11%.
Surrounded by the 2nd, 4th, 10th and 11th arrondissements, the 3rd arrondissement is famous for its location in the heart of the Marais and close to the Centre Pompidou, which makes it a very trendy area. Streets such as Rue de Sévigné, Rue de Bretagne and Rue Charlot are particularly sought after for their beautiful buildings and exclusive homes located close to shops and trendy bars. As you stroll down its streets, you can also stop to admire the Picasso Museum and its gardens, the Carnavalet Museum, the National Conservatory of Arts and Crafts as well as the famous National Archives building. Made up of narrow streets and a maze of small squares and alleyways, this arrondissement sparks a desire for exploration and curiosity.
The average price of property was €9,550 per sq. m in the second quarter of 2015. The Arts et Métiers area experienced a 4.7% rise in prices over one year, which perfectly reflects the rise in prices over the past five years (+23.9%)
Located between the 1st, 3rd, 11th and 12th arrondissements and bordered to the south by the Seine, the 4th arrondissement is the most prominent district of Paris. It is home to the Île Saint-Louisand part of the Île de la Cité where the Notre-Dame Cathedral sits – the most visited building in the world. To the north, beneath the arcades of the Place des Vosges are trendy shops, art galleries as well as the Maison de Victor Hugo. The Saint-Gervais area, located next to the Saint-Paul cathedral, is sought after for its luxurious apartments and maze of charming streets to enjoy getting lost in. The 4th arrondissement is also where you can admire the Hôtel de Ville and visit the Centre Georges Pompidou.
The average price of property was €10,400 per sq. m in the second quarter of 2015, down by 4.6% in one year. However, in the Arsenal area, where the exclusive homes of the Place des Vosges are located, the average price is €10,530 per sq. m, up by 24.6% in five years.
The 5th arrondissement is the oldest district of Paris. It is called the 'Latin Quarter' in reference to the famous universities found there – Panthéon-Sorbonne, Panthéon-Assas, Descartes, Pierre and Marie Curie – as well as the prestigious lycées where many intellectuals studied including Louis-Le-Grand, Henri IV, Saint Louis and Ecole Alsacienne. The Montagne Sainte-Geneviève, where the Panthéon sits, is known for its typical French restaurants and many bars, which make it a lively area for nightlife highly frequented by Parisians. Connected to the 6th arrondissement by Boulevard Saint Germain and Boulevard Saint Michel, the 5th arrondissement is home to exclusive apartments located next to the Luxembourg Garden or the Jardin des Plantes, offering residents a prestigious setting between a hill and gardens along the Seine.
The average price of property was €10,030 per sq. m in the second quarter of 2015, down by 3% in one year. The 5th arrondissement has experienced a low rise in prices in five years (+13.7%) compared to the other districts of Paris. But there's no denying that it has always been widely popular.
The 6th arrondissement of Paris, located on the Left Bank of the Seine between the 5th, 7th, 14thand 15th arrondissements, is famous for the Saint-Germain-des-Prés area and the Luxembourg Garden where the seat of the French Senate is located. In the early twentieth century, the 6th arrondissement was highly frequented by intellectuals who met at now-famous cafés such as the Café de Flore and the Café des Deux Magots. Traces of this strong cultural vibrancy can be found in the Odéon area, the former publishing district, where the School of Medicine is also located. The buildings are known for their charm, exposed beams and small hidden staircases leading to unique apartments with rich histories and stories of love and soul.
The 6th arrondissement is the district in Paris where the price per sq. m is at its highest: €11,640/sq. m. The price per sq. m has risen by 32.9% in five years in the Odéon area, reaching €13,290/sq. m in the second quarter of 2015. It experienced an exceptional rise of 8.5% in 2014 alone. And this momentum is expected to continue.