Back-to-school season has arrived and brought its share of real estate upheaval. While students struggle to find a decent apartment at a (relatively) reasonable price, first-time buyers are also having a hard time finding a property that fits their budget. In the heart of Paris, prices per square meter have reached dizzying heights: up to €14,000/m².
Voir cette publication sur Instagram
The Left Bank, particularly pricey
If you were dreaming of living in the 6th arrondissement, we'd suggest looking elsewhere around the capital. Here, prices climb as high as €14,258 per square meter, making it Paris's most expensive neighborhood. For comparison, the cheapest district is the 19th, at €8,089/m². It's followed by the 20th (€8,351/m²) and the 13th (€8,732/m²), which together make up the three neighborhoods with the lowest prices in the capital. The 18th also stays below the €9,000/m² mark, at €8,852/m².
Voir cette publication sur Instagram
Behind the 6th, we find the 7th, with 14,051 €/m2, the 4th with 12,793 €/m2, the 8th with 12,130 €/m2 and the 1st with 12,080 €/m2. The average real estate price stands at 9,765 €/m2 — Paris being one of the most expensive cities in France.
Conditions hardly favorable for property purchase
Paradoxically, since 2022, prices have fallen by around 10% according to Particuliers à Particuliers (PAP). Nevertheless, they remain very high and borrowing rates — currently around 3.50% — don't allow young people to take the plunge into real estate investment.
Voir cette publication sur Instagram