The property market

Prices for prime residential properties in Paris typically lie around the €13,300 per sq m mark, however the city remains competitive when compared to its rivals: London and New York.

Unlike some of France’s more traditional second-home destinations, Paris has a significantly higher proportion of domestic buyers. However, international interest is set to rise.

Because of the local:international buyer ratio the market is incredibly fast-moving, with particular demand for the city’s prime arrondissements. The 5th and the 16th are popular with families due to proximity to international schools and larger properties. For those seeking a pied-à-terre, the 4th arrondissement, known for its 17th- and 18th-century mansions, remains a firm favourite.

The growing appetite for modern buildings offering amenities and services puts the City of Lights on the back foot with international investors: incredibly limited new development potential means that this type of stock is hard to come by.

Paris’s strengths lie in its heritage, history and culture and property in prime areas, be it a pied-à-terre, apartment or larger mansion, is in high demand from HNWIs hailing from both the local area and much further afield. 

Insider tip

Paris is famed for its food. If you’re looking for a reasonably priced haunt featuring all the classics of French cuisine, head to the 9th arrondissement and the revolving door of Chartier, for a dining experience in a former train station – be warned, there may be a queue, but it’s worth the wait.

Further information

View available properties for sale in Paris