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Real estate in Paris: the new prices, district by district


EXCLUSIVE – Paris continues to show a declining market. Initiated a year ago, this movement is therefore gradually strengthening. With one square meter below €10,500, the average price in the capital is approaching the symbolic threshold of €10,000 crossed three and a half years ago.

In Paris, the slow fall in prices continues.

According to the latest figures from notaries, the decline over one year now stands at 1% to €10,490/m², while Meilleurs Agents estimates the decline at 2.4% to fall to €10,154/m² in March.

The square meter therefore continues to approach the fateful threshold of €10,000 crossed in September 2019. Galloping inflation which weighs on the purchasing power of households plus the surge in credit rates has had the effect of contracting demand.

The remaining buyers are less rushed and more demanding.

Still, the existence of a two-speed real estate market is confirmed.

High-end properties continue to snap up at exorbitant prices and international customers are back in the capital.

At the same time, classic housing goods are suffering from the economic situation and are seeing their value erode.

1st, 2nd, 3rd and 4th: price gaps widen

In these historic districts, the stone price is holding up well.

Given the reduced supply, the average square meter is still worth, according to notaries, €14,700 in the 1st and €12,000 in the 2nd, up 7.7% and 1.4%.

The most popular sectors remain the gardens of the Palais-Royal (1st), the places des Victoires (1st and 2nd) and des Vosges (3rd and 4th), where the square meter with a view exceeds 20,000 €.

Much less expensive, the Sentier and Montorgueil districts are quoted between 12,500 and 14,000 €/m².

In the street of the same name, a 16 m² studio went for €210,000.

Here, small areas are legion so as soon as an apartment offers a more generous area, the square meter takes the lead.

This is the case in rue Saint-Joseph (2nd), where a refurbished 4-room apartment of 76 m² on the 2nd floor without lift was awarded 1,

065 million euros at the end of a negotiation of 30,000 €.

A safe bet, the Marais (3rd and 4th) is still sought after for its 18th century buildings with high ceilings and beams.

The market is active.

We recently sold quite a few large apartments between 3 and 7

million euros


says Martial Michaux, of the Émile Garcin agency in the Marais.

In recent months, foreigners who have returned in force have been targeting “turnkey” pied-à-terre at attractive addresses.

Halls at Place Vendôme.

Le Figaro.

On Quai de Bourbon on Île Saint-Louis (4th), a Californian bought herself a 3-room apartment to redo with a postcard view of Notre-Dame and the Panthéon at 35,000 €/m².

"The presence of international clients is almost at the same level as 3 years ago, i.e. before the Covid


underlines Margot Royer-Boquillon, director of Paris Marais Sotheby's International Realty.

New fact,

the price range tends…

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Source: lefigaro

All business articles on 2023-03-24

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