Right Bank: lots of space

The Right Bank also has its share of unique addresses, “from the île Saint-Louis to the rue du Faubourg-Saint-Honoré, via the Marais, the place des Vosges and around the Musée Picasso.

In general, the 1st arrondissement is growing more to foreigners,” notes Pascale Constans, associate director of Sotheby’s Paris properties. The Right Bank is much favoured by clients from Russia, the Middle East and Brazil. The address is to be found in the “golden triangle” of the 8th, which tends to have apartments with very large surface areas or town houses of 300 to 500 sq. m. and more.

Other locations prized for their views are around the parc Monceau or the northern area of the 16th such as avenues Foch, Henri-Martin and Georges-Mandel. Although the rest of the 16th also has prestige properties, international clients find it too far from the centre and tend to be fewer and far between. But it is a preferred location for French families, which enjoy the peace and quiet and are even prepared to hop over the Paris ring road to dig out a prestige property - “amid the greenery of the bois de Vincennes with no houses opposite,” says Anne-Marie David, director of Profil Immobilier.

In this still little-known sector of outstanding sites, “buyers can find some very beautiful houses with pools and a large garden for a maximum of €3.5 million, or town houses facing the woods for €2 million. At the excellent address of the chaussée de l’Étang in Saint-Mandé, a 140 sq. m. top-floor apartment with 100 sq. m. of balcony and a breathtaking view over Paris went for €1.25 million. The same apartment in the 16th arrondissement would sell for a million euros more.

Which makes for more affordable prestige properties in a natural setting just one metro station away from Paris proper.

Right Bank: lots of space, Luxury real estate in Paris

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