A multi-national family wanted a pied à terre and rental investment property. Their criteria were clear: a classic 3 bedroom Parisian apartment with a “wow” factor, in the heart of Saint Germain des Pres.
125m2 (1,345 sq ft)
Paris: 7th arrondissement
Quintessential Paris, the 7th is divided into distinct neighborhoods each with a different feeling. The areas near Champs de Mars and bordering the 6th tend to be more highly prized, while the area near the 15th can feel very residential and quiet. On a sunny day, the 7th is perfect for strolling through the gardens of the gorgeous Rodin museum, or sitting on the Champ de Mars in the shadow of the Eiffel Tower, enjoying a picnic. The charming rue Cler abounds with produce, meat, cheeses, breads, spices and more are on offer, flanked by plenty of sidewalk cafés. The 7th is also home to many government offices, ministries and the Assemblée Nationale, seat of the French parliament. Sought after for it’s central location, proximity to parks and it’s spacious feeling, real estate in the 7th is the second most expensive in Paris, right behind the 6th. The Carré des Antiquaires, north of the Boulevard Saint Germain toward the Seine, is one of the most coveted residential addresses in the city.
Average price: €12385/m2; +2.6% over one year, +24.6% over 10 years
Stratospheric prices are becoming the norm in the 7th due to sustained interest by both foreign investors and residential buyers, and a general shortage of apartments on the market. Prices in the 7th are among the most expensive of anywhere in Paris, behind only the 6th. The area around the Champs de Mars, Invalides and rue Cler are pricey, especially if they have a view. The Carré des Antiquaires area bordering the 6th is where you’ll find some of the steepest prices. Average price:1 2,385 €/m2, ranging from 8,711 € to 20,663 €/m2 depending on the area.
Current Market Prices — 7th arrondissement
|Neighborhood||Price/m2 in euros|
|Saint-Thomas-d'Aquin||€ 9,510||€ 13,992||€ 23,658|
|Invalides||€ 8,869||€ 12,972||€ 22,958|
|Ecole-Militaire||€ 8,464||€ 11,674||€ 16,893|
|Gros-Caillou||€ 8,527||€ 11,804||€ 18,584|