Known as “Le Marais” (the French word for a marsh) it was an boggy area outside the Paris city walls subject to regular flooding as the River Seine overflowed its’ low lying banks., Originally an area of pasture when dry enough in the 9th century and by the 12th century had become cultivated farmland. With Paris’s river Seine often flooding the flat plain, it was not a residential area but dotted with Monasteries and, until the then King of France, Philip Auguste, destroyed the order and its’ buildings, held the Headquarters of the powerful and rich Knights Templars.
And how wise Julian was. To give you some idea. In an adjacent street, Le Rue des Francs Bourgeois, 30 years ago, properties changed hands for 875 euros per sqm. Today that price has risen 15 times to a giddy 14000 euros per sqm. And with the uncertainties of Brexit making Paris an even more desiable place to live for high earners, there’s no telling when the Marais’s housing boom will end!
Article written by Nicolas de Brett Neel, Real Estate Consultant
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Crédits photos : Jean-Philippe Humbert, Nicolas de Brett Neel
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