Perle Rare has finalised 44 flat purchases in this arrondissement since 2005. High-quality apartments in this neighbourhood go for €12,000 to €15,000/m² (excluding notary fees), while the official average price is €9,160/m²*.
Over on the Right Bank, the 16th arrondissement is sandwiched between the Seine and the western stretch of the périphérique ring road. Very bourgeois, resolutely residential, highly expensive and – to its detractors – a bit stuck-up, the 16th has quite a reputation. And yet, if the locals are to be believed, things aren’t quite that simple. This is an arrondissement which deserves a second opinion!
– Porte de Saint-Cloud – Auteuil-Sud
– Auteuil-Nord – Jasmin – Mirabeau
– Muette-Nord – Trocadéro
– Passy – Maison de la Radio – Muette-Sud
An arrondissement packed with prestigious monuments
The 16th arrondissement is home to a host of attractions and monuments which form the basis for its prestigious reputation. Chief among them is the Bois de Boulogne, with its wide paths drawing walkers and cyclists from all over Paris. Residents of the 16th are proud to live just a few streets from this oasis in the city, and the Bois fills with families feeding the ducks or spending an afternoon enjoying the attractions at the Jardin d’Acclimatation. The 16th is also a mecca for sports-lovers, with the Stade Roland-Garros (Avenue Gordon Bennett), home of the French Open tennis tournament; Stade Jean-Bouin (Avenue du Général Sarrail), home of local rugby team Stade Français; and of course the famous Parc des Princes (Rue du Commandant Guilbaud), home to Paris Saint-Germain. And somehow the 16th still has space to squeeze in the Auteuil and Longchamp race courses, the Palais de Tokyo, the Musée National des Arts Asiatiques Guimet, the Cité de l’Architecture et du Patrimoine, the magnificent Avenue Foch and the Place du Trocadéro…
A lively neighbourhood
While some still dismiss the 16th as a “ghetto for rich people”, residents are quick to respond that this has not been Paris’s most expensive arrondissement for over 60 years! It’s also abuzz with activity. Around 40% of the international embassies in the capital are found in the 16th, many of them on Boulevard Suchet and Rue de la Faisanderie. On Place du Maréchal de Lattre de Tassigny, a stone’s throw from the ring road and the Bois de Boulogne, the prestigious Paris Dauphine university draws students of management and economics from all over the world. Last but not least, the distinctive, curving form of the Maison de la Radio, home of the national broadcaster, stands overlooking the Seine from Avenue du President Kennedy, and is one of Paris’s most famous monuments. The 16th arrondissement also enjoys a rich cultural life. It is home to many museums, including the Musée de l’Homme on Rue Benjamin Franklin, Musée Marmottan on Rue Louis-Boilly and Balzac’s home on Rue Raynouard, as well as numerous cinemas on Avenue Albert de Mun, Rue de Passy and Rue des Vignes. In the 16th, the nights are just as busy as the days!
While some remain convinced that the 16th arrondissement is just a bourgeois residential neighbourhood, the people that live here revel in the quality of life and the many advantages this part of the city has to offer. With its vast outdoor spaces, a variety of cultural institutions, several sports teams and majestic avenues, for couples and families alike the 16th‘s charms are hard to ignore!
* Source: Chambre des Notaires – 1st quarter of 2017. These are “net vendor” prices and not market prices (which are generally 4% higher)