Luxury real estate in the 7th district of Paris
Home to the Eiffel Tower, the 7th arrondissement is known for its many museums – including the Musée d’Orsay, Musée du Quai Branly and Musée Rodin – for its park along the Seine and for the Pont de l'Alma and Pont d'Iéna bridges. It has a reputation for being one of the most sought after districts among French and international clients for its many luxurious apartments offering a breathtaking view of the Eiffel Tower and the Seine. With Avenue de Suffren and Rue de Sèvres forming its southern border, the 7th arrondissement is a pleasant place to live that is both residential and lively. Tourists love visiting the Champ-de-Mars park and the esplanade of the Invalides as well as strolling down its chic shopping streets including Rue du Bac and Rue de Babylone, which lead to Le Bon Marché – a temple of major prestigious brands. This arrondissement is highly sought after for its gorgeous Haussmannian buildings offering spacious proportions.
The average price of property was €10,820 per sq. m in the second quarter of 2015, down by 7.8% in one year. The Invalides area recorded the sharpest decline in price per square meter (-22.4% in 2014), while the Saint-Thomas-d’Aquin area recorded the lowest rise, with 0.5% in 2014.
Luxury real estate in the 8th district of Paris
The 8th arrondissement of Paris is sought after by international clients for its luxury real estate as well as its famous monuments and prestigious avenues such as the Arc de Triomphe, the Champs Elysées, the Grand Palais and Avenue George V, located close to the 16th arrondissement. The district owes its reputation to the Golden Triangle – formed by the Champs Elysées, Avenue Montaigne and the 7th arrondissement on the other side of the Seine – where you'll find many exclusive apartments and the biggest stores and luxury brands, attracting high-end clients who love prestigious shopping.
The average price of property in the 8th arrondissement is €9,480 per sq. m. In one year there has been an overall downward trend in prices in the arrondissement (-3.4%). However, there is a general trend of steady values with no risk of a sharp decline or bubble.
Luxury real estate in the 16th district of Paris
Auteuil, la Muette, Porte Dauphine and Chaillot are the four areas that make up the famous 16th arrondissement, known as the most exclusive district of Paris. Located across from the Eiffel Tower, it is home to many museums and major historic monuments including the Arc de Triomphe, the Musée de l'Homme, the Palais de Tokyo, the Musée Galliera and the Musée Marmottan Monet. It is also the seat of most embassies and consulates in Paris as well as the OECD. Its sports stadiums, such as the Parc des Princes and Roland-Garros are world famous, making it a prominent district in Paris. Families enjoy a pleasant living environment close to excellent schools, both public and private, as well as shops and public transportation. Its close proximity to the Bois de Boulogne and many public gardens create a leafy outdoor environment, while the construction quality of its buildings, mansions and prestigious properties in general make it one of the most sought after arrondissements among French families and international clients alike.
The average price of property is €8,860/sq. m; however, this amount hides wide disparities. Exclusive homes can reach or exceed €20,000/sq. m. Although there is an overall downward trend of 2%, this arrondissement remains popular due to its internationally recognized image and prestige. The district is a favorite among clients from the Gulf, well-known figures, celebrities, professional athletes and footballers.
Luxury real estate in the 17th district of Paris
Bordering Hauts-de-Seine and the 16th, 18th and 8th arrondissements of Paris, the 17th arrondissement is a middle ground between prestige and a working-class atmosphere. Featuring wide avenues with beautiful views, prestigious 17th-century buildings with high-quality Haussmannian architecture, beautiful mansions and excellent schools, it continues to offer a village feel in the historic neighborhoods of Ternes, Monceau and Batignolles, the latter of which is undergoing a revival. More affordable than the 16th or the 8th arrondissements, it offers families pleasant neighborhoods that are close to the business districts of Paris while being less prominent, so they can enjoy a good quality of life that is active but not hectic.
The average price of property is €8,030/sq. m, reflecting a slight overall decline for the arrondissement (-5.3% on average over one year). The neighborhoods of Ternes to the west and Epinettes to the east have recorded a smaller decline than the areas of Monceau and Batignolles (-7% and -6.9%, respectively).
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