Paris by Arrondissement: Detailed Maps Show Real Estate Price Values throughout the City
Capital.fr has published a series of detailed maps showing property price averages within Paris’ arrondissements. You probably already know which arrondissements are the most expensive: but do you know which parts of them stand out for affordability?
The maps cover two arrondissements each and designate roads and neighborhoods with a price tier. Tiers are different in each map, as the variation in Paris is significant: the highest tier in the 19th and 20th arrondissements is the same as the lowest tier of the 7th and 8th arrondissements. The maps are useful for seeking out where to grab more affordable property that still sits in the more desirable and prestigious part of the city. Properties built in the last five years are not part of the research.
In the 1st and 2nd arrondissement, the highest tier (€9,000 to €19,000/m2) properties are found around the Palais Royal and Place Vendome. Proximity to the Seine and luxurious apartment buildings give this area a classically Parisian feel. The cheaper flats (€6,000 to €8,500/m2) will be found in the north and east of the neighborhood, on or near the Rue Reamur and Boulevard Montmartre.
Next door, the 3rd and 4th show an interesting spread. The islands on the Seine have the highest prices, thanks to the prestige of their central location, as well as high tourist footfall. There, prices range from €10,500 to €20,000/m2. However, along one of the main thoroughfares leading from the north down to the Ile de la Cité, the Boulevard de Sebastopol, much cheaper properties can be found at only €6,500 to €8,500/m2. High levels of vehicle traffic and the resulting noise and pollution probably play a role here.
In the 5th and 6th arrondissements, covering the famous Latin quarter, high prices (€11,000 to €24,000/m2) are found around the Pantheon, the Luxembourg Gardens and along the Seine. Bargains can be sought in the east: metro line 5’s elevated railway is the culprit there, though the tranquil Jardin des Plantes is a bonus.
The 7th and 8th arrondissements make up the central west portion of the city. The highest price/m2 figures are found along the Seine, the Champ de Mars and the Park Monceau, one of Paris’ most beautiful gardens. Prices here are €10,000 to an impressive €30,000/m2. This arrondissement is inundated with iconic Paris locations, with the extra security and public service provision that follow; so the lowest price tier (€6,500 to €9,500/m2) is found only behind the bustling Saint-Lazare train station.
Property in the outer arrondissements tend to become cheaper as they approach the peripherique, with pockets of luxury property found around parks or significant squares. See the full set of maps and locations here.
image © Wikicommons