The capital of France consists of 20 municipal districts, it is the fifth largest city in the European Union. Before buying property here, it is important to study the features of each arrondissement and choose the best area to live in Paris, based on your personal needs and budget. Paris offers all types of real estate, from miniature studios to multi-story mansions. We have prepared for your information information about the best areas of Paris for purchasing real estate. Each of them is characterized by a favorable social character and well-developed infrastructure: the presence of a large number of shops, educational institutions, recreational facilities, hospitals and transport accessibility.
1. 17th arrondissement of Paris – Batignolles
The area is located on the right bank of the Seine. This area of Paris is chosen for purchasing real estate by those who want to immerse themselves in the atmosphere of the modern French bourgeoisie. A huge number of small boutiques with designer clothes, musical instruments or Belgian chocolate border restaurants of all price categories and supermarkets where you can buy a pre-prepared lunch and eat it on a park bench, which is often preferred by the French. There are plenty of green, cozy corners in this area. From the Boulevard of the same name, Batignolles, you can see a cinematic view of the Sacré-Cœur, and from the top floors of the houses you can see the Eiffel Tower in full view. The 17th arrondissement of Paris has 19 metro stations. The average price per square meter of housing is € 9,800. Mostly classic Parisian apartments are presented here, but there are also duplexes and penthouses.
2. 18th arrondissement or Butte-Montmartre
Buttes-Montmartre is one of the most densely populated areas of Paris. It is home to more than 200,000 inhabitants. This area of Paris for buying real estate is suitable for those who love contrasts. The area’s special atmosphere is created by numerous boutiques and bistros with prices slightly above average, street artists, musicians and vendors. But in the La Chapelle quarter (quartier de La Chapelle) there are some of the lowest real estate prices in Paris – from € 5,700 per square meter. The average price for real estate in this area is € 8,800/m². In the 18th arrondissement you can find properties of all types: from small studios to cottages. There are eighteen metro stations in the area. The center of the capital can be reached in 10 minutes.
3. 19th arrondissement or Buttes-Chaumont
Among the best areas of Paris for buying real estate are the 19th arrondissement or Buttes-Chaumont – the second most populous in the capital. This area of living in Paris is especially seductive for its huge Buttes-Chaumont park, which covers 25 hectares. In the 19th arrondissement you can find perhaps the lowest price per square meter of housing in Paris – € 5,200. The average is € 7,800/m². Among the real estate properties, typical Parisian apartments lead the way. There are 28 metro stations in the Buttes-Chaumont area.
4. 10th district of Entrepot
Despite the fact that Paris is a city-museum, in the 10th arrondissement of Entrepot there are no such attractions that would attract crowds of tourists, and even along the historical Canal Saint-Martin you can calmly stroll, avoiding the usual crush for tourist places. The exception is the Place de la République, where the tenth arrondissement borders the eleventh.
Many foreign buyers choose this area for investment in residential real estate: Entrepo is a calm, comfortable area of Paris to live in, located near the center, with all the necessary amenities. The average cost per square meter of living space in this area is € 9,000. The vast majority of residential properties offered are typical apartments. This area of Paris has 17 metro stations.
5. 11th arrondissement of Paris or Popincourt
Popencourt is similar in characteristics to the previous one – it is located close to the center, but moderately quiet and comfortable for living, with the exception of Oberkampf Street and the area around Place de la Bastille. The average property price in this area of Paris is €7,900 per square meter. There are 25 metro stations in the 11th arrondissement.
6. 9th arrondissement, also called Opéra
The Opera is one of the busiest areas of Paris on the Right Bank. There are a lot of commercial streets here (for example, around Notre-Dame de Lorette or la Trinité), which is a good bait for renters. The average price per square meter of residential property in the 9th arrondissement is € 10,200. There are 20 metro stations in the area.
7. Latin Quarter
The famous Latin Quarter (Quartier Latin), which is located in the 5th arrondissement of Paris and the northern part of the 6th, can become perhaps the best area for buying real estate in Paris. This area is a real student Mecca. Thanks to the huge number of educational institutions, young people from all over the world are concentrated here, and, accordingly, there is a high demand for long-term rentals. The heart of this historical district of the capital is the famous Sorbonne University. The average price per square meter of housing is € 11,500. There are about 20 metro stations in the Latin Quarter.
8. Paris Marais district (Le Marais)
The historical district of Paris Marais (Le Marais), one of the most popular and fashionable metropolitan quarters, is located in the 3rd and 4th arrondissements of the city. The Marais is the best area to live in Paris for those who are not used to denying themselves relaxation and entertainment: an endless variety of new-fangled restaurants and bars, small designer boutiques, the famous Parisian department store BHV, as well as a concentration of the best nightlife spots in the capital ensure a high demand for rental housing throughout the year. The average price per square meter of property in this area of Paris ranges from €8,827 to €19,800 depending on the type and characteristics.
9. 13th arrondissement of Paris or Gobelins district
Tapestry is also an excellent choice for purchasing real estate, both for living and for subsequent rental. Many residential buildings have recently been modernized, and the proximity of two train stations (Gare Austerlitz on the left bank and Lyon on the right), business centers, Place de la Bastille and green oases ensure a stable demand for rental housing. The average price per square meter of living space in this area of Paris is € 8,600. There are 15 metro stations in Tapestry.
10. 15th arrondissement of Paris, Vaugirard – the best area for families with children
This area of Paris is characterized by different types of real estate – standard apartments, houses and cottages. This is the most densely populated area of Paris, but at the same time it is calm and comfortable for living. It has 22 metro stations. The average price per m² will be €9,500.