Paris: 3rd arrondissement
The northern part of the historic Marais, the third is an eclectic neighborhood with plenty to see and do. The wholesale shopping around Place de la Republique quickly turns more quaint and small-neighborhood as you head south. “Temple” is a trendy corner of Paris at the moment with lots of bars, good-value restaurants and art galleries at every turn. The streets are filled with locals, foreign and international, out to have a good time. The heart of the Marais is between rue de Turenne and rue des Archives, where you will find wonderful museums and galleries in old hôtel particuliers, a number of Paris’ renown hidden parks and gardens, restaurants, cafés, and boutique shopping. Head east to the border of the 3rd and 11th arrondissements to find more up-and-coming restaurants and hipster hangouts.
Average price: €12,461/m2; +-3.3% over one year; +26.4% over 10 years
Not long ago, a savvy buyer could expect to find an inexpensive apartment to renovate in the northern 3rd arrondissement. Those days are long gone. Expect heftier prices around République, and down from there as you enter the historic Marais. Look for prices to continue to rise in the northern part of the 3rd, with the renovation of the Marché du Temple and the Place de la République, and the areas around the Marais.
Current Market Prices — 3rd arrondissement
|Neighborhood||Price/m2 in euros|
|Arts-et-Métiers||€ 8,750||€ 11,706||€ 15,376|
|Enfants-Rouges||€ 9,316||€ 12,760||€ 17,385|
|Archives||€ 9,938||€ 13,613||€ 19,361|
|Sainte Avoye||€ 9,328||€ 12,298||€ 16,414|