Paris, the capital city of France, is known for its beautiful architecture, rich culture, and delectable cuisine. It’s no surprise that many people dream of owning a house in this enchanting city.
But how much does a house in Paris cost? Let’s explore.
Factors Affecting House Prices in Paris
Before we dive into the cost of houses in Paris, it’s important to understand the factors that affect house prices.
- Location: Just like any other city, the location of the property plays a huge role in determining its price. Houses in popular neighborhoods such as Le Marais or Saint-Germain-des-Prés will be more expensive compared to those in less popular neighborhoods.
- Size: The size of the property is also an important factor.
A larger property will naturally cost more than a smaller one.
- Condition: The condition of the property can significantly impact its price. A well-maintained and renovated property will be priced higher than one that needs significant repairs.
Average House Prices in Paris
According to a report by Notaires de France, the average price per square meter for an apartment in Paris was €10,460 ($11,915) as of June 2021. However, it’s important to note that this average includes all types of apartments – from studio apartments to luxury penthouses – and the prices can vary significantly based on location and other factors.
Houses vs Apartments
It’s worth noting that houses are not as common in central Paris compared to apartments. Most properties are apartments located within historic buildings with beautiful facades and unique architectural features.
That being said, if you’re still interested in buying a house in Paris, you can expect to pay anywhere between €1 million ($1.14 million) to €30 million ($34.2 million) depending on the location, size, and condition of the property.
Popular Neighborhoods in Paris
If you’re looking for a house in one of the popular neighborhoods in Paris, such as Le Marais or Saint-Germain-des-Prés, be prepared to pay a premium price. In these neighborhoods, you can expect to pay anywhere between €15,000 ($17,100) to €25,000 ($28,500) per square meter.
Less Popular Neighborhoods in Paris
If you’re willing to look outside of the popular neighborhoods and explore the less popular ones, you may be able to find a more affordable house. In neighborhoods such as 18th arrondissement or 20th arrondissement, you can expect to pay between €6,000 ($6,840) to €10,000 ($11,400) per square meter.
Conclusion
Owning a house in Paris is a dream for many people but it comes with a high price tag. The cost of houses in Paris varies significantly based on factors such as location, size and condition. If you’re looking for an affordable option consider exploring the less popular neighborhoods where prices are lower compared to popular ones.