Luxury Real Estate in Paris

The luxury real estate market in Paris is thriving: in recent years, sales of high-end properties have consistently increased, and their prices may soon surpass those in London. The professionals at Michaël Zingraf Real Estate provide an overview of the luxury sector in the City of Light.

What are the characteristics of the luxury real estate market in Paris?

Paris is on its way to becoming the European capital of luxury and prestige real estate, surpassing London. Attracting investors more than ever, the capital has seen its prices soar; the average price per square meter surpassed the symbolic threshold of €10,000 during the summer of 2019 (the average price per square meter was €8,130 in 2014, and €2,840 at the beginning of the 2000s).

The evolution of the luxury market is at the heart of this positive dynamic. In the capital, the number of buyers of prestigious properties increases every semester, and high-end offers sell very quickly: in 2019, 12% of real estate sales exceeded one million euros, while 50 sales per month were completed at prices over €15,000 per square meter. Another significant change in the luxury sector: Paris has regained its appeal among foreign investors who, until recently, seemed to overlook the capital.

What are the most prestigious neighborhoods in Paris?

While the historically prestigious neighborhoods of Paris have maintained their attractiveness, the luxury market is experiencing several shifts that are gradually reshaping the map of the most sought-after districts. The Marais district, for example, is poised to dethrone the Left Bank, while the 6^th and 1^st arrondissements are now more expensive than the 7^th and 16^th.

The 3^rd arrondissement

With its bohemian-chic atmosphere and art galleries, the Marais is now one of the most expensive areas in Paris. The neighborhood offers clients sumptuous private hotels and Haussmannian apartments of unparalleled elegance.

The 6^th arrondissement

The 6^th arrondissement has become the most expensive in Paris. In some areas (such as the Odéon district), the average price per square meter exceeds €17,000. Its chic, picturesque, and trendy neighborhoods, including Saint-Germain-des-Prés, now offer the most coveted prestigious properties in the capital.

The 7^th arrondissement

The 7^th arrondissement remains one of the most sought after by buyers of exceptional properties. Although it is slightly less expensive than a few years ago, it remains a safe bet for investors thanks to the presence of numerous iconic monuments, including the Eiffel Tower and its stunning upscale apartments.

The 8^th and 16^th arrondissements

Whether in the Golden Triangle or the residential areas of the 16th and 17th arrondissements, these districts continue to rank among the most sought after. Their proximity to the iconic buildings of the capital and the famous avenues of the Champs-Élysées and Montaigne attract international clientele year-round.
The 1^st, 4^th, and 5^th arrondissements also offer exceptional properties in the luxury real estate market. Find online all the prestigious listings available in Paris with Michaël Zingraf Real Estate: private hotel in the 7^th arrondissement, spacious Haussmannian apartment in the 16^th arrondissement, luxury apartment in the 8^th arrondissement, artist's studio… We can assist you in every step of your acquisition project.