Where in Paris is property becoming more affordable?
Seven arrondissements have now fallen below the €9,000 per square metre bracket
Seven arrondissements have average prices per square metre under the €9,000 threshold
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Paris is not known for affordable property, but even as prices rise above €9,000 m2 or more in most of the capital, some arrondissements still remain under this threshold.
Seven arrondissements out of the 20 have average prices of less than €9,000 m2, show the latest figures from the Grand Notaires de Paris report, published on May 27. It comes even as the same report predicts that prices across most of the city will increase significantly from now to July.
Prices per square metre remained stable in the city in the first quarter of 2025, the data shows, but still hovered around an average price of €9,530.
This is less than the overall Paris average of €11,000 seen before 2022.
Most affordable
The most ‘affordable’ arrondissement is the 19th, with an average of €7,530 m2 (down 2% in a year).
It includes three of the lowest-priced areas in the capital:
Pont-de-Flandre (€7,330 per square metre)
La Villette (€7,340 per square metre)
Amérique (€7,390 per square metre).
The 19th arrondissement is known for attracting young families and investors, and is considered to be particularly ‘up and coming’.
In the six other sub-€9,000 arrondissements, the average price per square metre is over €8,000.
20th arrondissement: €8,100 m2 (known for its ‘bohemian’ style and green spaces)
13th: €8,350 (known for modern infrastructure and buildings)
18th: €8,450 (known for its culture and developing neighbourhoods)
12th: €8,480 (prized for proximity to the Bois de Vincennes)
14th: €8,850 (known for its history and culture)
5th: €8,720 (known for its history and prestigious educational establishments).
The absolute lowest-priced central neighbourhoods are in the 18th arrondissement. These are:
La Chapelle, at €6,630 m2, a drop of 4.5% in one year and 20% over five years.
La Goutte d'Or, at €6,900, down 3% over one year and 15% over five years.
With the exception of the 16th and 17th arrondissements, “all the outlying districts are priced at less than €9,000 per square metre”, states the Notaires de Grand Paris report.
Five of the seven sub-€9,000 arrondissements experienced falls in prices between January and March 2025, after considerable falls in the first quarter of 2024 too.
These included:
In the 20th and 13th, prices rose, but only very slightly (by 0.7% and 0.6% respectively).
Prices to rise?
The report states that there are no guarantees that these prices will remain low.
There has been a 25% increase in property transactions in the capital over the first quarter of 2025, the notaires state, due to lower interest rates and ahead of the expected increase in ‘notaire fees’ from April 1.
For most of the city, the notaires are forecasting an average price of €9,750 per square metre by July this year, a 3% year-on-year increase.
Currently, the top five most expensive arrondissements are:
And yet, the notaires remain cautious about the state of the market overall.
The report summary states: “[We are] hopeful that the market has entered a new phase after two particularly difficult years, but there is no certainty. The economic, geopolitical and financial environment remains uncertain and could undermine these initial positive developments.”
