Perle Rare has finalised 19 flat purchases in this arrondissement since 2005. High-quality apartments in this neighbourhood go for €13 to €16.000/m² (excluding notary fees), while the official average price is €11,480/m².*
Stretching out around the Eiffel Tower on the Left Bank of the Seine, the impeccably elegant 7th arrondissement is neck-and-neck with the neighbouring 6th in the list of Paris’s most expensive neighbourhoods. Less overwhelming than the 8th arrondissement, the 7th is a mix of grand public buildings and peaceful residential streets. Locals here are surrounded by beautiful monuments and wide open spaces.
– Champ de Mars
– Saint-Thomas d’Aquin
The luxury of space
A far cry from the narrow streets of Montagne Sainte-Geneviève or the Marais, the 7th arrondissement is open and spacious, offering wonderful views. The area owes its distinctive physiognomy to two immense open spaces: the Champs de Mars, which stretches from the École Militaire on Place Joffre down to the Seine and Eiffel Tower, and the Esplanade des Invalides, from the square of the same name down to the riverside. The Avenue de Breteuil and its huge central square act as an extension of the Esplanade des Invalides, adding to the overall sense of space. This calm, elegant atmosphere has attracted a multitude of institutions and official buildings. On any given day the residents of the 7th arrondissement might bump into the Prime Minister at the Hôtel Matignon on Rue de Varenne, the Minister for Foreign Affairs and members of the National Assembly on the Quai d’Orsay, or the employees of UNESCO and the many embassies which line the Place de Fontenoy. Prestigious neighbours!
A resolutely residential atmosphere
In spite of the hordes of tourists who flock to the Champ de Mars each day to admire the Eiffel Tower, and employees of the many ministries, embassies and other institutions, the 7th remains a very peaceful part of town. The grand townhouses, leafy streets and carefully manicured streets combine to create an elegant atmosphere greatly appreciated by residents. There are fewer shops here than in other parts of the city, but the quality level is high, particularly on Rue de Babylone. The eastern side of the arrondissement is livelier, with the many restaurants and boutiques of Boulevard Raspail and Rue du Bac. But the most iconic shopping destination in the neighbourhood is the famous Bon Marché department store, an institution on the Rue de Sèvres since the Second Empire era. Perusing the fine foods on offer in the store’s deli section is an absolute must, as any local will tell you. Residents also enjoy a wealth of cultural activities, with the Musée d’Orsay and its world-famous collection of Impressionist art in what was once the Quai d’Orsay’s station, the Rodin Museum on Rue de Varenne and the more recent Musée du Quai Branly with its audacious architecture.
More discreet than other parts of the city, the 7th arrondissement is nonetheless highly sought-after, and this prestige is reflected in the high property prices. The stately beauty of the avenues, the wide-open views and the huge green spaces make the 7th a particularly chic place to live.
* Source: Chambre des Notaires – 1st quarter of 2017. These are “net vendor” prices and not market prices (which are generally 4% higher)