Real estate in the 6th arrondissement of Paris: prices rise again in fall 2024

Thursday 07th November 2024 02:47 PM

The real estate market in the 6th arrondissement of Paris is doing better this fall, like the entire Left Bank. Up 1.1% year-on-year as of November 1, 2024, the sale price of apartments is slowly climbing back up in one of the most expensive neighborhoods in Paris. €15,075 is the average price per m² for an apartment, which can then be rented around €37.3/m². It will still be necessary to count more in Odéon and Saint-Germain-des-Prés, where prices reach 16,096 and 16,895 €/m respectively².

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The three things to remember about real estate prices in Paris 6th as of November 1, 2024

+ 1,1 % : evolution of apartment prices over one year.

15 075 €/m² : average selling price of an apartment.

37,3 €/m² : average rent for an apartment.

A safe bet, the VI^e appeals to families and foreigners looking for a pied-à-terre. But if it remains the most expensive district of Paris, at 14,800 euros per m² on average according to MeilleursAgents, it is not spared by the drop in prices. Near Vavin, on the edge of the XIV^erue Notre-Dame-des-Champs, a young couple with a child negotiated 1.15 million euros for a 4-room apartment of 80 m²to be refreshed, at 2^e floor of a beautiful old building (14,300 euros per m²). “Two years ago, the owners would not have lowered it, and it would have sold for at least 100,000 euros more”observes Carole de Vellou, by Daniel Féau. At the slightest defect, transactions lengthen, except for exceptional properties, in excellent condition, on the banks of the Seine, near Saint-Germain or Saint-Sulpice… “On condition of not exceeding 25,000 euros per m²”, nuance David Muller, de Villaret. Quai des Grands-Augustins, a 3-room apartment of 67 m², to be refreshed, in an 18th century building^ehas just been sold for 950,000 euros. Prices fell further at the limit of the XIV^e arrondissement.

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