Real estate market situation - Paris 8th

A legendary neighborhood

The most beautiful avenue in the world, La Madeleine, the Presidential Palace, the Arc de Triomphe—these iconic places embody France and have been illuminating the City of Light for centuries. A cosmopolitan neighborhood with diverse faces. The cradle of Haussmannian style, it offers a unique architectural experience. Well-crafted buildings and spacious apartments make it a sought-after area for Parisian families as well.

With its historical presence on Rue du Faubourg Saint-Honoré and Boulevard de Courcelles, BARNES is strengthening its presence this year with the opening of its new offices on Avenue George V. Under the direction of Philippe Joffre, the BARNES teams are delighted to offer you their properties in this prestigious neighborhood, where consistent profitability and constant appreciation make it one of the secure investments in the heart of Paris.

Market & Perspectives

The epitome of Parisian elegance, the 8th is undoubtedly the most exposed neighborhood in Paris. An address, an image, architecture, and high prices: it is the preferred market for international investors. However, despite its centers of power and numerous prestigious infrastructures, it remains the neighborhood most affected by current events' uncertainties. Conflicts, fluctuations in exchange rates, social movements, inflation—recent crises have significantly slowed down activity. But the trend could reverse once again. Indeed, the 8th arrondissement still maintains one of the highest average prices in the capital.

In recent months, foreign clients have returned to the Parisian market, and the announcement of an upcoming reduction in interest rates suggests that 2024 could be the year of a real rebound.

International investors, French families—the 8th arrondissement attracts a diverse audience. The quintessential location for exceptional pied-à-terre, the Haussmannian apartment of 180 to 220 sqm, with 4 bedrooms on a high floor with a balcony, remains the most sought-after. A rare find depending on the neighborhoods. Even rarer when flawless.

Between the Seine riverbanks and the southern Champs-Élysées, the famous Golden Triangle remains the star neighborhood of the 8th. Known for its prestigious avenues, gourmet restaurants, 5-star hotels, and luxury boutiques, it is particularly popular among American, Middle Eastern, and Asian clients. For a pied-à-terre, they don't hesitate to invest up to €35,000/sqm.

In second place, the perimeter of Parc Monceau, highly sought after by families. It is appreciated for its large apartments and school zoning. Chaptal, Condorcet, Fénelon Sainte Marie, public or private, these institutions offer a highly sought-after high-level education.

Further north, the Europe district. Beautiful stones, large tree-lined alleys, and trendy bistros for prices ranging from €10,000 to 15,000/sqm. Optimal conditions to attract a younger and mostly French audience.

Why the 8th arrondissement

Iconic and media-friendly, the 8th arrondissement is a reflection of Paris. While it may suffer from its notoriety, it is never altered by trends. A mandatory address for centers of power and the grandest houses, it is, in the eyes of the world, the French showcase of a certain idea of prestige. To live in, it is central and accessible, close to the most beautiful museums and theaters—a neighborhood where the splendor of history enhances the banality of everyday life. From Avenue Montaigne to Rue Saint Honoré, from Concorde to the Grand Palais, the 8th arrondissement traverses time and crises with the permanence of authentic luxury and the immeasurable value of its timeless elegance.

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Our favorite properties

TIMELESS LUXURY

152 sqm 'Carrez' apartment with continuous balconies on the 5th floor with lift in a completely renovated Haussmann building. The appartment is south-east facing on the rue de Penthièvre and north-west side on a very beautiful tree-lined courtyard.
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HAUSSMANNIAN GRACE

This magnificent 269.5 sqm 'Carrez' located on the 3rd floor of a Haussmann-style building benefits from very high ceilings. The apartment had a high-quality contemporary renovation while preserving the beautiful original elements.
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EXCEPTIONAL DUPLEX

Bright and quiet duplex penthouse overlooking the Elysée Palace. On the 5th and 6th floors, it benefits from a balcony on the entire fifth floor with views of the Elysée, the Grand Palais and the Marigny hotel. High renovation quality and very secure neighborhood.
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