Sky-high price tags for Paris apartments: 50,000 euros per square meter minimum asking price set by some homeowners.
Unreachable, Parisian Real Estate? You Betta Think Again!
Dive into the lavish world of Parisian real estate and prepare to be stunned! This month, the capital city's average price per square meter hovers around a sky-high €9,500, according to the Grand Paris's notaries. And oh boy, does it only get pricier in the 7th arrondissement, surpassing €12,550!
But don't let that deter you, for even these prices are mere small change compared to what's coming up. On July 10th, a breathtaking five-bedroom apartment in the heart of the 7th arrondissement, overlooking the Invalides, Grand Palais, and the Eiffel Tower, will hit the auction block at Drouot.immo. The starting bid? A cool €7.5 million, that's over €49,000 per square meter!
Sneak a Peek at the Garden of the Gods
Located on the seventh and top floor of a stone building, this architectural gem hosts a lush 123-square-meter English terrace – a rare find in dazzling Paris. With wooden walkways, trellises brimming with lavender, jasmine, maples, blueberries, and roses, this hidden haven transports you to a world of tranquility amidst the bustling city.
An Exclusive Opportunity for a Golden Retirement
The terrace isn't just a pretty face; it offers an unparalleled panorama of Paris, featuring the Invalides, the gilded bronze statues of the Pont Alexandre III, the Grand Palais, and the pièce de résistance – the Eiffel Tower. Imagine hosting dinner parties where guests marvel at the Tower while indulging in a meal whipped up in the stealthily hidden outdoor kitchen.
Inside, Reynier Pozzo di Borgo's masterful touch is evident from the circular entrance to the boudoir, honey-toned parquet floors, marble accents, majestic fireplace, oversized windows boasting a balcony view, and a stunning central staircase. However, there's a slight catch for families – the apartment comes with only one bedroom. Additional bedrooms could be added, but some energy renovation work might also be necessary, as the property is rated E for energy consumption and D for greenhouse gas emissions on its "Diagnostic de Performance Energétique" (DPE).
The Hottest New Investment in Real Estate: 50% off, no credit or tenant required
One lucky purchaser will also score an independent 32-square-meter studio, two parking spaces, including one equipped with an electric charging station, and a cellar to store prized bottles of Château Latour. And hey, there's even enough room to accommodate your mother-in-law in peace!
What's Brewing in the World of Parisian Real Estate?
© Drouot.immo
A Timeless Appeal
- While luxury real estate auctions in the 7th arrondissement are not abundant, there's no denying the area's magnetic allure. Buyers crave apartments with terraces, expansive living areas, high ceilings, and historic architectural elements, such as those found in Napoleonic townhouses or upscale residences with concierge services.
© Drouot.immo
High Rollers in High Spaces
- Opting for a vintage feel with contemporary comforts, Paris's luxury set yearns for apartments that seamlessly blend style and time periods. This desire is evident in properties featuring ornate moldings, high ceilings, polished parquet floors, marble fireplaces, and modern kitchens.
© Drouot.immo
Square Meter Pricing and Premium Listings
- In the 7th, luxury real estate prices for top-tier apartments with terraces can vary significantly. Rare finds boasting walk-out terraces and exceptional views expect to see prices above €25,000 per square meter. Properties without terraces, though high-end, generally command a price between €15,000–€20,000 per square meter.
Key Figures
| Feature/Type | Price (approx.) | Price per sqm (approx.) | Notes ||-----------------------------|---------------------|-------------------------|---------------------------------------------|| Napoleonic townhouse, terrace | €Redacted | €Redacted+ | Walk-out terrace, high ceilings || 6-room, secure residence | €Redacted | €15,000–€20,000 | No terrace (terrace adds premium) |
This fiery real estate market segment maintains its allure, attracting buyers willing to fork over hefty premiums for exceptional features, such as terraces and views of renowned Parisian landmarks. Auction opportunities for such properties are hard to come by, with most inventory being sold via direct listings or exclusive agencies.
Investing in the luxury segment of Parisian real estate, such as the upcoming auction of a five-bedroom apartment in the 7th arrondissement, could prove an enticing financial venture, given the potential returns and exclusivity. Amidst the city's persistently high real-estate prices, the access to a lush English terrace could add a significant value to the property, influencing the final investment decision.
