Owned by a retiring British couple, this apartment was sold by PPG to a French couple looking for a bourgeois apartment in a convenient, yet quiet neighborhood with easy access to rue Poncelet, one of the best outdoor markets in Paris, the Arc de Triomph and Champs Elysées.
180m2 (1,938 sq ft)
Paris: 17th arrondissement
This family-friendly arrondissement has a good share of lovely, prestigious apartment buildings, a bit more affordable than similar properties in the neighboring 16th and 8th arrondissements. The neighborhood bordering the beautiful Parc Monceau, with its wide streets and prestigious dressed stone buildings, is some of the more sought after real estate for high-income buyers. The area near the Arc de Triomphe is also popular for its large, prestigious apartments, but is more known as the right address for international corporations and law firms. The Rue des Dames is one of the charming gems of the 17th, home to a wealth of quaint, neighborhood restaurants. The Batignolles area around metro Rome is also trending upward as well, attracting a new crop of young residents looking for a foothold in Paris real estate; it remains virtually unknown to non-French buyers. The areas to the north, near the 18th and the congested Place de Clichy tend to be the least desirable.
Average price: €10,687/m2; +6.2% over one year; +59.3% over 10 years
Always a family-oriented area, higher income buyers focus on the pricey, village-like neighborhood around the Place Saint Ferdinand, the Parc Monceau or the Place des Ternes. First time buyers in the 17th are attracted to the area near Batignolles and Epinettes. At the other end of the spectrum is the area to the North, around La Fourche, where property can be had for bargain basement prices.
Current Market Prices — 17th arrondissement
|Neighborhood||Price/m2 in euros|
|Ternes||€ 7,783||€ 10,862||€ 14,453|
|Monceau||€ 7,660||€ 11,157||€ 14,686|
|Batignolles||€ 7,867||€ 10,874||€ 13,911|
|Epinettes||€ 6,821||€ 9,635||€ 12,524|