Despite a 2% drop, real estate prices are stabilizing in the 8th arrondissement of Paris

In the 8th arrondissement of Paris, despite a drop in real estate prices of 2% over one year as of November 1, 2024, there is relief among real estate agents in western Paris after the dead calm of the summer. “The market has been much more active since September and prices are stabilizing”indicates Roger Abecassis, of Consultants Immobilier. Buyers are back, and this concerns French families, but also foreigners looking for a pied-à-terre, reassured by the positive image of Paris given by the Olympic Games. “ Properties with a view of the Eiffel Tower are even more sought after since the end of the tests », notes Olivier Castaing, of the Junot agency. However, significant differences are felt depending on the neighborhood.

In partnership with Meilleurs Agents, Challenges offers you a zoom on real estate prices by neighborhood. The Meilleurs Agents data presented on this page is subject to copyright and does not have the right to be used without authorization, whether in the context of a commercial activity or not. If you wish to reuse them, or if you are looking for data in a particular city, please contact us.

The three things to remember about real estate prices in Paris 7th as of November 1, 2024

-2 % : evolution of apartment prices over one year.

11 696 €/m² : average selling price of an apartment.

34,9 €/m² : average rent for an apartment.

American, Chinese and Middle Eastern buyers are interested in the VIII^e district, with a preference for the ultra-high-end Golden Triangle, where they find turnkey properties that meet international standards, including air conditioning, for prices varying between 20,000 and 25,000 euros the m²or even more for exceptional addresses like the very chic avenue Montaigne. A few French buyers are also present in the district.

« There is a real neighborhood life here, appreciated by families, around Parc Monceau or rue du Faubourg-Saint-Honoré », Indicates Iryna Kakura, of Paris Ouest Sotheby’s International Realty. Buyers pay between 15,000 and 16,000 euros per m²as for this 74‑m² near avenue Matignon, sold for 1.2 million euros at 2^e floor of a 19th century building^e century. “Foreign customers are looking both in the VIII^e and in the north XVI^e », points out Philippe Joffre, from Barnes.

© Copyright: Prices and Real Estate Price Index (IPI) Best Agents at 1^is November 2024