Real estate guide in Paris 8th district
The 8th arrondissement was marked by major events in french history. It was a central place of the French Revolution when the royal palaces and mansions of the nobility were requisitioned to accommodate the institutions of the Republic. A chic and prestigious district, the 8th district is the home of the presidential palace, as well as the Ministry of the Interior.
A place of power and politics, the 8th is also a business hub where you will find many corporate offices, luxury boutiques and department stores.
The 8th is also a touristic district where curious people from around the world can stroll down the famous avenue of the Champs-Elysées and browse among the shops that line the Montaigne Avenue. Finally, the 8th arrondissement is a cultural district, home to many theatres, concert halls and art galleries.
The areas of the 8th Paris district
The Europe area is a mostly residential neighborhood interspersed by large green spaces. It is the largest district of the 8th district (118.3 ha).
The neighbourhood of Europe is particularly popular with families thanks to its rather attractive real estate, its many parks including Parc Monceau and the presence of prestigious high schools such as Racine High School, Chaptal and Fénelon.
The rue de Rome brings the district to life, hosting many music shops and the Conservatoire of Regional Music for the delight of passionate music lovers and musicians of all standards.
The Faubourg du Roule is a business area and a neighborhood popular with tourists. It is home to some of the most iconic monuments of the French capital, such as the Arc de Triomphe and the Chamber of Commerce and Industry, listed as a historical monument since 1987. The Faubourg du Roule district is the meeting point for tourists wishing to go down the Champs Elysées and admire the famous Arc de Triomphe built between 1806 and 1830 under the orders of Napoleon.
Finally, the Faubourg du Roule district hosts many impressive glass-walled offices. It is also one of the cultural centres of the capital and has a large number of concert halls, cinemas and theatres.
The Madeleine district is a place of political power, hosting embassies and institutions, in addition to luxury boutiques and art galleries. Its name comes from the imposing Madeleine Church inaugurated in 1842. The Madeleine district is a lively and diverse neighbourhood, very popular for wealthy visitors who wish to enjoy themselves in one of the famous Place Vendôme boutiques.
Located near the Saint-Lazare train station and the Paris Opera, the district is right at the centre of Parisian life. Major retailers, bars, restaurants and theatres punctuate the neighbourhood's main avenues.
Last but not least, the Champs-Elysées district is a truly iconic place and the pride of the City of Lights. A meeting place for tourists from all over the world, the district is rich in history and architecture. Adorned with prestigious Haussmanian buildings and wide paved avenues, the Champs-Elysées district is the perfect location for strolling, shopping, tasting French gastronomy and having a drink in a palace. Featuring the majestic Place de la Concorde and its Luxor obelisk, the Champs-Elysees district is a major reason that Paris is regarded as the most beautiful city in the world.
Where invest in the Paris 8th district?
In the Europe area, family apartments are the most active type of real estate on the market. The prices per sqm range between 11000 and 12500 euros, which is particularly inexpensive for the 8th district. The 8th is a sought-after neighbourhood because of the diversity of its amenities and the high standard of living.
The district of Faubourg du Roule lies partially on the golden triangle of the 8th arrondissement. Particularly popular with national and international buyers as well as companies, the large apartments located in the neighbourhood are subject to very high demand and a very low fluidity. Future owners looking for an apartment in this area will have to scramble despite a price per square metre from 25 000 to 35 000 euros.
The Madeleine district is mainly hosting offices, luxury shops and major institutions. The real estate market tends not to fluctuate too much, and the price per sqm is around 15 000 € for a well-to-do population.
Located in the heart of the golden triangle of the 8th arrondissement, the Champs Elysees district is in great demand by a wealthy population from all over the world.
Large areas and family flats rarely come on the market, and purchasing in the district remains quite complex given the high demand. Future owners are eager to invest in properties in an area symbol of prestige and brand of quality, despite prices that are particularly expensive ranging from 25 000 to 35 000 euros per square metre.
The Golden Triangle, located between Avenue des Champs Elysées, Avenue Georges V and Avenue Montaigne appeals to national and international buyers. The 8th is a district in which to invest and is subject to significant demand, because of its prestigious real estate and its generally high standard of living.
The prices per square metre should be viewed as a general indication, an average within neighbourhoods of the district. Certain exceptional properties with outstanding qualities and facilities are often the subject of discrete transactions, reaching prices that exceed expectations.