< Return to list Contact us
PARIS: The appeal of luxury real estate on the Left Bank / Right Bank.

file img blog

In the city of light, luxury real estate continues to captivate the wealthy. As the capital of culture and the art of living, Paris is divided into two parts: the Left Bank, located south of the river, and the Right Bank, located north. Beyond the topography, each bank has its own specificities and way of life. A state of mind and places at the crossroads of the two banks... The Left Bank: The Cultural Cradle of Paris The Left Bank, also known as the "Outre-Petit-Pont" until the revolution, is a microcosm at the heart of the capital, including the 5th, 6th, 7th, 13th, 14th, and 15th arrondissements. It embodies an intellectual and academic state of mind, with its Latin Quarter and bohemian atmosphere. This is picturesque Paris, with its old stones and noble facades, its bookstores along the banks of the Seine, its numerous antique shops, and art galleries. Saint-Germain-des-Près, a privileged meeting place for the artistic scene, has an aura that evokes culture, art, and the joy of life. The irreplaceable anchor of the intelligentsia: Le Flore and Les Deux Magots. On the Left Bank, the profile of buyers differs depending on what they are seeking. Families are attracted to the renowned schools, such as L'Alsacienne School, Lycée Louis-le-Grand, and the Institute of Political Studies. Others seek the tranquility of the green spaces around the Luxembourg Gardens, adjacent to the Odéon district, or they are in search of exceptional properties with breathtaking views of the Seine, the Pont des Arts, and Notre-Dame. Here, spacious layouts, old parquet floors, moldings, and period fireplaces are widespread and appeal to affluent clientele who enjoy a lifestyle just a stone's throw away from Le Bon Marché and luxury boutiques. Gradually, these beautiful establishments have replaced small shops and bookstores, significantly increasing real estate prices. The 7th arrondissement, more solemn and bourgeois, also attracts the interest of the wealthiest buyers. Exceptional apartments, private mansions – here, the price per square meter can reach up to 50,000 euros. Living on the Left Bank means being anchored in the history of the city and continuing to write new chapters. The Right Bank: Between Luxury and Popular Neighborhoods Opposite the Left Bank stands the Right Bank, the economic heart of the city, including the 1st, 2nd, 3rd, 4th, 8th, 9th, 10th, 11th, 12th, 16th, 17th, 18th, 19th, and 20th arrondissements. Less prone to price fluctuations, the upscale and modern West, with its business districts and department stores, still attracts wealthy clientele. The 1st arrondissement benefits from its heritage and monuments: the Louvre, the Vendôme Column, and the Palais Royal, among others. The Triangle d'Or sector, including the Champs-Élysées, Avenue Montaigne, and Matignon, fuels high demand and maintains high prices. People come here seeking large bourgeois apartments or jewels serving as pieds-à-terre. In the east, transformation is underway. Gentrification now affects all neighborhoods. Le Marais and Place des Vosges remain safe bets, but what is striking is the new trendy and bohemian Parisian clientele that is pushing the boundaries of chic, favoring properties in popular districts, with the 11th arrondissement in the lead. The search for green spaces and architect-designed houses, lofts, keeps the legendary Montmartre of the 18th arrondissement at the heart of demand and elevates the 19th and 20th arrondissements in the ranking. Paris, an Irresistible Attraction Luxury real estate in Paris remains a safe haven, and the prospect of the 2024 Olympic Games seems to have renewed the capital's appeal among investors. The division between the Left Bank and the Right Bank is becoming increasingly difficult to define. Now, people think in terms of districts and neighborhoods. Only the three islands of the City, Saint-Louis, aux Cygnes, located on the river, do not belong to either bank and peacefully claim both sides. By Stéphanie Laskar-Reich
(dernière mise à jour 25 Jul 2023 à 03:07 )