Perle Rare has finalised 16 transactions in this arrondissement since 2005. High-quality apartments in this neighbourhood go for €14,000 to €16,000/m² (excluding notary fees), with a big difference between the west side (more expensive) and the east, while the official average price is €11,740/m².
Living in the 1st arrondissement means living in the absolute epicentre of Paris, surrounded by the city’s emblematic monuments. This district is also home to the city’s main shopping streets, much loved by tourists and Parisians alike. Living in the 1st arrondissement is an exceptional experience but it does require certain sacrifices, such as the convenience of travelling by car. Traffic is particularly intense in this part of the city.
– Châtelet – Les Halles
– Palais Royal
– Saint-Germain – L’Auxerrois
Monuments and parks
Residents of the 1st arrondissement never tire of listing the plethora of monuments which adorn their streets and squares. The Louvre, the Conciergerie and the Sainte Chapelle, the Boulevard du Palais, the Palais Royal, Saint-Germain l’Auxerrois (Paris’s oldest church), the Comédie Française and the Place Vendôme are just a few of the sights you’ll see as you stroll through your very own 1st arrondissement. This is also the arrondissement with the greatest concentration of greenery in the capital, with the exceptions of the Bois de Boulogne and the Bois de Vincennes. In addition to the 25 hectares of the iconic Jardin des Tuileries, the 1st arrondissement is home to a number of more intimate, less touristy spots such as the beautiful Vert-Galant Square and the westernmost tip of the Ile de la Cité.
Day-to-day life in the 1st arrondissement
Above all, residents are blessed with an embarrassment of cultural riches. As well as prominent museums such as the Louvre and the Museum of Decorative Arts, the streets around Rue de Rivoli are lined with prestigious theatres: the Comédie Française, of course, but also the Théâtre du Châtelet and the Palais Royal. Film-lovers are certainly not left out, with the gigantic Forum des Halles complex offering no fewer than 27 cinema screens. The centre of Paris is famous for its culinary riches, from the elegant tearooms of the Rue de Rivoli to the Japanese restaurants of Rue Sainte-Anne, not to mention the huge array of fast food on offer at the Forum des Halles. And of course, this area is one of the world’s great shopping destinations. Rue Saint-Honoré and Rue de Rivoli are home to some of Paris’s most elegant boutiques, while there is something for all budgets at the Les Halles shopping mall.
This exceptional combination of atmosphere, architecture and history makes residents of the 1st arrondissement extremely proud of their neighbourhood. But this lifestyle comes at a price, and property prices here are among the highest in the city. And while the constant hubbub and throngs of tourists mean that this isn’t always the quietest part of Paris, the locals wouldn’t change it for the world!
* Source: Chambre des Notaires – 1st quarter of 2017. These are “net vendor” prices and not market prices (which are generally 4% higher)