Paris Real Estate Prices: Current Trends & Top Areas 2024 | E&V (2024)

What are the current Paris real estate prices?

Looking at the Paris property market as a whole, prices per square meter are:

• between 9,200 and 15,300 euros for apartments

• between 9,800 and 21,000 euros for houses

Prices are highly dependent on the location in the respective arrondissem*nt. Apartments make up the majority of properties in Paris; houses are only seldom offered and often achieve high sales prices.

Where are the real estate prices in Paris for high-quality properties?

In the premium real estate segment, prices are resilient and are showing a stable sideways trend. The supply of exclusive properties is limited and demand from international buyers in particular is persistent. The infrastructure was expanded for the Olympic Games, which is having a positive effect on the Paris residential market. In addition, the increased international visibility has made the metropolis more attractive.

The price per square meter for a high-quality apartment in the 7th arrondissem*nt on the Champ-de-Mars with a view of the Eiffel Tower is:

• 17,800 euros

The fashionable Marais district in the 4th arrondissem*nt is very popular with Americans. The price per square meter for properties in the upscale segment here is:

• 16,100 euros

What are the top-five most exclusive residential areas in Paris?

The central and historic districts such as the 7th, 6th, 8th, and 16th arrondissem*nts and the islands in the Seine are particularly popular. Here, buyers will find luxurious apartments, a high quality of life, and excellent connections to important facilities.

• 7th arrondissem*nt: Rive Gauche
  Life in this district is considered to be particularly prestigious. It is home to the Eiffel Tower, the Musée d'Orsay and the Hôtel des Invalides. Many elegant residential buildings are well-preserved examples of Haussmannian architecture, giving the district an unmistakable flair. Demand for premium real estate is high, which is why Paris property prices are at their highest here.

• 6th arrondissem*nt: Saint-Germain-des-Prés
  Charming old buildings, museums, theaters, and a high quality of life characterize this popular residential district. Writers such as Jean-Paul Sartre and Simone de Beauvoir were at home here. Even today, an eclectic mix of artists, intellectuals, wealthy Parisians, and international residents live here.

• 8th arrondissem*nt: cosmopolitan Paris real estate market
  A dream for many: life near the Champs-Élysées and the Arc de Triomphe. Exclusive boutiques, Michelin-starred restaurants, and elegant cafés are found here. The district is particularly popular with international business people as well as diplomats.

• 16th arrondissem*nt: a quiet and green district
  This district ishome to families and wealthy residents who want to live in a central location close to green spaces. The Bois de Boulogne offers numerous leisure activities. The district is also considered one of the safest and cleanest on the Paris property market. In addition, the American School of Paris and the International School of Paris attract many international real estate buyers.

• Ile de la Cité and Ile Saint-Louis: the historic cradle of the city
  If you want to experience the authentic French flair in the heart of Paris, you should stay here! The small islands are the oldest part of the city. In the narrow streets near Notre Dame, you can experience the vibrant life. The sought-after apartments offer a unique lifestyle with spectacular views of the Seine, the historic monuments, and the Parisian skyline.

Is it possible to find an attractive property in Paris for less than 500,000 euros?

Looking at Paris real estate prices, this might seem impossible at first glance. However, there are a few ways to fulfill the dream of owning your own four walls in the “City of Love” even on a smaller budget:

• Micro-apartments
  In the 17th and 18th arrondissem*nts, near Montmartre, prices per square meter are a little lower – at 10,000 to 11,000 euros. Compared to the heart of the city, the Paris real estate market in these districts is somewhat more relaxed. Here it’s worth looking for small apartments 40 to 50 square meters in size.

• Neuilly sur Seine & Boulogne-Billancourt
  The municipalities of Neuilly sur Seine and Boulogne-Billancourt are located in the west of the city, directly on the Seine and close to the Bois de Boulogne. They offer an appealing mix of urban living, green spaces, and a high quality of life. The Paris property market is somewhat more relaxed here, with the price per square meter at around 11,200 euros for Neuilly sur Seine and 8,100 euros for Boulogne-Billancourt. At the same time, these municipalities are well connected to the Paris transport network. You can reach the heart of the metropolis in just over 20 minutes.

Alexis Caquet, Managing Director of Engel & Völkers France, provides an outlook for the Paris real estate market:

“Since March 2024, we have seen an upturn in activity on the Paris real estate market. The gradual fall in interest rates is playing a key role in this. Lower borrowing costs are restoring confidence to prospective buyers and boosting real estate transactions. In the premium real estate segment, the Paris property market remains very resilient. The Olympic Games are putting our capital city in the global spotlight and increasing the appeal of the real estate sector. Foreign buyers in particular are showing great interest in the Paris real estate market, especially Americans, but also Italians, Belgians, and Germans. The positive effects will be visible from the fourth quarter of 2024.”

Real estate prices Paris, Rome, or Berlin ...

The “Engel & Völkers Market Insights” are an exclusive series of blog articles that give you a detailed insight into the most important real estate markets worldwide. Engel & Völkers has valuable market knowledge in more than 1,000 locations. Whether urban, island, or popular coastal regions – we provide you with relevant facts and data to help you decide whether to buy or sell your property!