A new ranking reveals the priciest and most affordable streets in Paris. As expected, the best deals are found in eastern neighborhoods, while the most expensive streets are concentrated in central Paris.
So, which street is the most expensive? Contrary to what the game Monopoly might suggest, it’s not Rue de la Paix. Instead, Rue Furstenberg, located in the heart of Saint-Germain-des-Prés in the 6th arrondissement, tops the list with property prices exceeding €21,000 per square meter, according to a ranking by online real estate agency Efficity.com. This list, published on October 1, ranks Paris’s 100 priciest and most affordable streets.
The costliest neighborhoods are mainly found in the 6th, 7th, and 8th arrondissements, housing three-quarters of the high-priced streets. On the other end, the most affordable areas are in the 17th, 18th, and 19th arrondissements, with Rue de la Grenade in the 19th being the cheapest at €4,712 per square meter. On average, the priciest streets are around €13,789 per square meter, while the least expensive drop to €5,870.
“Neighborhood popularity drives up prices”
A property’s value is primarily influenced by its address and building quality, with the surrounding environment being a key factor in price disparities. For instance, “Saint-Germain-des-Prés offers a higher standard of living and better infrastructure than Barbès,” explains Christophe Du Pontavice, president and founder of Efficity.com. Saint-Germain is also an international district, home to many Italians, English, and Americans, further pushing up prices.
Neighborhood demographics also play a role. “The type of residents in a neighborhood influences prices,” Du Pontavice notes. For example, the area around Rue des Martyrs in the 9th arrondissement has become the epitome of a trendy “bobo” district. A wave of young professionals with high purchasing power has moved in, driving prices up.
High real estate prices in Paris are a persistent trend. “Demand far outstrips supply,” says Du Pontavice, emphasizing the scarcity of properties available relative to market demand. For example, “only 30% of Parisians own their homes—half the rate of property ownership seen in the provinces.”
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