The big upheaval of prices in 2025

Specializing in luxury real estate in France with 23 % of supply market shares, Barnes delivers a first 2025 assessment encouraging for the Parisian market. In the 1st quarter, the average price of their operations, in intramural Paris, has reached 14,450 €/m²up 2 % over a slippery year. After two years marked by a certain wait -and -see and a drop in prices of around 10 %, the capital began a restart.

Carried by an uncertain geopolitical context across the Atlantic and a marked return of international buyers, and in particular American, the high-end market resumes vigor: sales volumes increased by 11 % on 1^is quarter 2025 compared to the previous year, and prices stabilize … when they do not go upwards.

Borrowed rate recorded on 05/07/2025

A contrasted recovery according to the districts

Price analysis by district reveals Strong geographic disparities. Some districts are experiencing a spectacular flight: the 18th arrondissement recorded a vertiginous increase of 35 % (16,478 €/m² against 12,249 € a year earlier), followed by the 4th arrondissement with + 19 % (17,998 €/m²) and the 12th with +16 % (€ 11,292/m²).

Conversely, other historically popular districts accuse a clear decline : The 9th arrondissement sees its prices fall by 14 % (€ 12,837/m²), the 2nd of 12 % (€ 13,835/m²) and the 1st of 11 % (€ 14,051/m²). The districts of the west of Paris, traditionally sought after, also experienced an adjustment, with – 8 % in the 16th (12,897 €/m²).

This rebalancing testifies to a new market dynamic. If the 7th remains the most expensive district (€ 20,221/m²), its slight decrease of 1 % indicates stabilization after years of continuous rise. Even more significant, the ultra-luxe segment (goods at more than 5 million euros) displays an impressive increase of 24 %a sign that wealthy buyers remain active despite economic uncertainties.

Source : Barnes, 6 mai 2025

The return of international buyers and the evolution of expectations

The year 2025 marks the return of foreign buyers. Barnes believes that the latter now represent a third of high -end Parisian transactions. American customers are particularly distinguished. The election of Trump and the first announced measures paradoxically reinforced the attraction of Paris as a refuge value. As Richard Tzipine sums it up, Managing Director: “Buying real estate in Paris is a refuge value at a refuge value.“

However, Paris has not become the Eldorado of foreign buyers that can sometimes be described. In the 6th and 7th arrondissements, the share of foreign buyers reaches approximately 15 %, a figure below expectations, which is explained by French political instabilitywhich can cool internationally.

The high -end Parisian real estate market therefore gradually regains colors at the beginning of 2025. If Barnes displays encouraging results and similar to those of 2022, the agency stresses that they are obtained “with much more effort”, buyers having seen their level of requirement increase following the outbreak of interest rates. With a context of lower rates and an international demand that is firmed, The prospects for the rest of the year promise toespecially for exceptional goods that continue to challenge general market trends.