Real estate: discover this Parisian apartment, sold more than … 40,000 euros per square meter

The French capital no longer appears in the five favorite cities of major world fortunes to invest in real estate, according to a classification developed by Barnes. Paris remains a safe bet, as shown by the recent sale of a duplex at a price more than four times greater than the average price per square meter in the capital.

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Blow for French chauvinism. In 2024, Paris was ousted from the “top 5” of the world cities preferred by the big fortunes for Invest in real estate. The City of Lights only points to the sixth place in the classification developed by the network of real estate agencies Barnes, specializing in goods of prestigebehind Madrid, Dubai, Miami, Monaco and Milan. Like New York, fell from the third to seventh in this ranking, “Paris needs to question itself a little in matters of taxation, security and urban renovation”explains Richard Tzipine, Managing Director of Barnes. The French capital is nonetheless “A safe bet” In terms of investment in luxury real estate, argues the manager.

Proof by figures. Last year, in the life arrondissement of Paris, a duplex apartment of 246 square meters, with terrace, breathtaking view of the Luxembourg garden and having four bedrooms (see main photo), found takers at the price of 10.2 million euros. Either 41,398 euros per square metermore than four times the average price in the capital on the global market (9,500 euros/m2), and more than twice that in force for the luxury segment (14,426 euros/m2). While the latter bent down by 3.5% last year, compared to 2023, prestigious real estate not being fully immunized against still high credit rates, “The left bank, with the life and the 7th arrondissements, seduces more and more and welcomes new clientele, Middle East and Asian, which was previously interested in VIIIEexplains Richard Tzipine. There are always exceptional buyers for exceptional goods, with terrace, popular address, beautiful view and great comfort ”. Thus, in the 7th, another duplex, 295 square meters, completely renovated, with breathtaking views of the Eiffel Tower and the Champ de Mars, sold 9.25 million euros, that is, i.e. 30,000 euros per square meter.

© Barnes

– This duplex with breathtaking views of the Eiffel Tower and the Champ de Mars sold 9.25 million euros.

The DPE, not a subject for exceptional goods

In the 7th century, in the Bac/Saint-Germain district, an apartment of 149 square meters left in just 24 hourswith a price offer, which nevertheless approached the two million euros. This property has been the subject of a flash sale, concluded in less than 48 hours and without negotiations by buyers buying cash, without using a mortgage. Ditto for an apartment of 170 square meters, sold in one day at a price of 2.45 million euros, while it is located in the 15th “Popular district” Dixit barnes, and that it requires renovation work.

Increasingly important in the value of a “lambda” housing due to the gradual prohibition of the rental of thermal colanders, “THE Energy performance diagnosis is not a subject for exceptional goods ”smiles Richard Tzipine. Concerning this property of the Place de Breteuil, which was the subject of a succession, “There were eight joint owners, two of whom were living abroad, so that it was complicated to agree. Particularly on the sale price of the apartment, which we were to be worth 180,000 euros more than the estimate made by the notary. He sold at the price we had determined, from the second visit ”, reports the director general of Barnes. Paris will always be Paris.