Paris: 4th arrondissement
The heart of the Marais, the 4th arrondissement has had many incarnations through the centuries, alternating between aristocratic hotspot to Jewish ghetto then back again, and to its present hip and trendy status. The changing social fabric and narrow, crowded streets of the Marais spared it the bulldozer of Baron Haussmann, making it one of the few areas in Paris where Renaissance through 18th century architecture still abounds. The Île Saint Louis, which defines this arrondissement’s southern edge, is the oldest part of Paris, where the city first began.
Average price: €13,197/m2; +5.2% over one year; +57.9% over 10 years
The Marais is the 3rd most expensive area in Paris, after the 6th and 7th. There is still good value in the lively, village-like part of the Marais when compared to Saint Germain de Prés. Look to the neighborhoods in the Village Saint Paul and north of the Place de Vosges for the rare, quieter streets. Prices can top €21,000/m² for the Ile St Louis, where tourists have nearly eliminated much of the neighborhood feeling and may someday dampen its appeal, but that day has yet to come.
Current Market Prices — 4th arrondissement
|Neighborhood||Price/m2 in euros|
|Saint-Merri||€ 9,306||€ 12,256||€ 16,195|
|Saint-Gervais||€ 9,791||€ 13,478||€ 18,090|
|Arsenal||€ 9,064||€ 12,796||€ 19,884|
|Notre-Dame||€ 10,303||€ 14,936||€ 25,483|