Since the start of the year, we've mentioned it several times, prices are still trending down when it comes to Parisian real estate. However, in some districts, despite a drop in prices, the costs per square meter remain very, very high, reaching over 12,000 €/m² in some cases. So, what are the areas to urgently avoid if you want to invest?
The center, the epicenter of horror
Well, unsurprisingly, it's in the most central districts of the capital, with their grand avenues and Haussmannian buildings, where you'll find the most expensive properties. At the top of the list, we have the 6th, which, even though its prices have dropped by 2.8% compared to last year.The latest figures peak at over 13,000 €/m², precisely at 13 460. At the same time, it’s easy to see why; Saint-Germain-des-Prés is truly the height of chic, isn’t it?
« Paris c’est une ville de classes moyennes ». À 11000€ le m2, il faut à une famille avec 2 enfants débourser 1 million d’euros pour s’offrir un appartement correct. S’il y a une candidate déconnectée de la réalité des français c’est bien #AnneHidalgo.
— Eric Klein (@EricKLein_) April 6, 2022
pic.twitter.com/LEEaVlfhee
To complete the top 5 completely inaccessible districts without selling 6 kidneys and 3 lungs on the black market, we find the 1st, 3rd, 4th, and 7th, where prices range from €12,040 to €12,420/m². Once again, these are not neighborhoods known for their affordable restaurants and their super cool thrift shops, so it’s no surprise that prices soar so high. Naturally, the main investors are therefore very, very wealthy individuals, especially foreigners.
Good deals… for how much longer?
But then, you who are Parisians with a perfectly normal salary, where should you invest, you might ask? Well, luckily, some districts are still affordable!good more affordable. New top 5, starting from the bottom this time : the 19th, the 20th, the 18th, the 12th, and the 13th, with prices ranging from 7,590 to 8,530 €/m². Perfect for snagging some great deals in not too unpleasant neighborhoods.
D’après cette source tirée du parisien, on va estimer qu’un 100m2 à Paris coûte entre 945 300€ et 1 541 600€.
— Joul - Furax 🔥 (@turbojoul) November 22, 2021
Je vous propose d’aller essayer d’emprunter ces sommes et de filmer la réaction de votre banquier. https://t.co/Tia0gF2EVP pic.twitter.com/uBUtSND6oh
However, we want to let you know, if you're looking to invest, now is probably the time. After years of declining prices, experts are (almost) unanimous, the Paris real estate market seems to be reaching a turning point. The downward slide is over, business is picking up, requests are pouring in, and prices are expected to start rising in the coming months. Stay tuned...