Paris: 8th arrondissement
The epicenter of luxury shopping, 5-star hotels, 3-star Michelin restaurants and glamorous clubs, the 8th is the flashy side of Paris with property prices to match. While most of the bling and glitter stays within the golden triangle- bordered by three stations, Étoile, Concorde, and Pont l’Alma – throughout the rest of the 8th one finds neighborhoods with a more urban feel and every-day shops and markets. The area around Parc Monceau is especially sought-after as it is calm, residential, and consistently beautiful buildings.
Average price: €11,676/m2; +5.5% over one year; +48.9% over 10 years
The golden triangle of Etoile-Concorde-Alma has gone platinum. A luxury apartment on avenue Montaigne can sell for €25,000/m² and up, and on neighboring streets prices are not far behind in this an area that particularly attracts foreign buyers in addition to Paris residents. Apartments larger than 200m² are plentiful in the historically wealthy district around avenues Hoche and Friedland, and so are relatively reasonable prices. Average price: 10,465 €/m2, ranging from 7,481 € to 20,726 € /m2 depending on the area.
Current Market Prices — 8th arrondissement
|Neighborhood||Price/m2 in euros|
|Champs-Elysées||€ 10,120||€ 15,947||€ 31,464|
|Faubourg-du-Roule||€ 8,695||€ 11,762||€ 16,901|
|Madeleine||€ 8,905||€ 12,196||€ 19,692|
|Europe||€ 8,183||€ 11,098||€ 16,303|