Over one year to November 1, 2024, the sale price of apartments fell by 3.1% in the 10th arrondissement of Paris. But after several years of downward pressure, causing prices to drop by -9.3% in two years according to MeilleursAgents, a slight lull has been felt since September. On average in the district, an apartment now sells for €9,146/m2. To the south, where the festive atmosphere and the Haussmannian apartments of the Porte Saint-Denis attract a young and trendy clientele, the m² is now negotiated between 9,500 and 11,000 euros, according to Frédéric Fleury, from Laforêt.
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The three information to remember about real estate prices in Paris 10th as of November 1, 2024
-3,1 % : evolution of apartment prices over one year.
9 146 €/m2 : average selling price of an apartment.
32 €/m2 : average rent for an apartment.
Near the Louis-Blanc metro station, a traditionally less expensive area, gems are selling for gold: on rue Alexandre-Parodi, a 17‑m² apartment was sold for 200,000 euros in less than two hours to an investor, or more than 11,700 euros per m². “ We haven’t sold at this price for a long time, but the energy performance diagnosis (EPD) is becoming a real subject. When the apartment is well rated, it sells quickly and expensively », specifies Frédéric Fleury. If small-area buyers are back, “ above 120 m², it becomes complicated, whatever the quality and whatever the price », notes Sophie Neama, from Barnes. Rue Paradis, a sought-after address, a 138‑m² at 4e floor has been on sale for more than six months at 1,295,000 euros.
© Copyright: Prices and Real Estate Price Index (IPI) Best Agents at 1is November 2024
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