Helena Hermanns tells us :
"There has been a rise in interest in the 11th and 17th
arrondissements (the Batignolles area) amongst young
couples looking for a hip, yet more humble, district - a
little more BOBO as they say. Apartments over 2.5M are
trickier to sell as there are more options and (for the
moment) fewer wealthy foreigners buying".
The 16th and 17th arrondissements are particularly
sought after for the beautiful "Hausmann" architecture and
village-like communities. Between the food trucks, fusion
restaurants and the myriad of vegetarian restaurants
(uncommon in France) the right bank is popular with
younger buyers seeking originality and community life.
Matthew Carr has a particular knowledge of the 11th
and 12th arrondissements. He explains:
"The 11th arrondissement remains the one with the
highest population density in the capital and it is perhaps
The right bank has six metro lines and four stations
(Gare de Lyon, Gare de l'Est, Gare du Nord and Gare
Saint-Lazare). It is easy to get around and many people
compare the right and left banks as "money versus
culture", with the right being traditionally where trade
and commerce began. You will find the main business
districts, department stores and many fine mansions
here.
Current sales trends
8th arrondissement 12,600 euros per m²
9th arrondissement 11,760 euros per m²
10th arrondissement 10,640 euros per m²
11th arrondissement 11,020 euros per m²
12th arrondissement 10,270 euros per m²
16th arrondissement 11,440 euros per m²
17th arrondissement 11,300 euros per m²
18th arrondissement 10,250 euros per m²
19th arrondissement 9,250 euros per m²
20th arrondissement 9,620 euros per m²
*source Notaires de France, median price of all apartment
sales between Jan - June 2021
PARIS RIVE DROITE - 8,9,10,11,12,16,17,18,19,20
this that explains the drop observed over the last 12
months, before an upward correction in the last quarter.
The 11th arrondissement, a party district, remains very
popular with first-time buyers. Studios and "F2s" remain
in high demand. To this demand we can add two other
customer profiles:
1. Investors looking for an unspectacular but reliable
rental return in an uncertain environment.
2. Parisians who, thanks to remote work, have turned
their second home into their main residence and are now
looking for a Parisian pied-à-terre.
The 12th arrondissement has not experienced the price
decline of most other arrondissements over the last 12
months and its proximity to the Bois de Vincennes and
the Parc Floral de Paris explains its interest for those
without a terrace or balcony. Suburban areas close to the
12th arrondissement such as Saint-Mandé, Charentonle-Pont
and Alfortville have also benefited from this
phenomenon with strong interest from buyers looking
for access to green spaces. The future delivery of VEFA
projects in these areas also supports this trend - with
almost every new apartment having a balcony or terrace".