Spotlight on Paris’ 18th district

Paris 18th district

Paris’ 18th district is one of the city’s undoubted highlights. It’s a hub of art, culture, and history. Montmartre in particular has been a major draw for tourists for hundreds of years.

And when it comes to real estate, buying property in the area makes an affordable choice.

However, prices are rising steadily. In fact, the past five years alone showed a 34% increase.

We take a closer look at this charming hillside district.

From Montmartre to the Moulin Rouge

We divide Paris into 20 arrondissements (districts). Each one offers its own features and attractions.

But the lively 18th is so distinctive. Set on a hilltop, the artists’ village of Montmartre is a picture-postcard of cobbled paths, lined with trendy boutiques and street artists around the Place du Tertre.

Above it all is the white-domed Sacré-Coeur basilica. A real crown of La Butte, it provides stunning views across Paris as far as the eye can see.

It’s no surprise this area features in many films and television shows. The Oscar-nominated Amélie is just one example.

From the Moulin Rouge cabaret to the caricaturists behind their easels, it’s so distinctive and so very Parisian.

The area even houses its own small vineyard. Owned by the city of Paris, it produces 27 varieties of wine, and all the proceeds go to charity.

It’s one of the most popular and highly-rated areas of the capital.

Property prices in Paris’ 18th district

The price of real estate in Paris’ 18th district is nothing if not diverse.

On a single street, prices can range from 8000€/m² to 16,000€/m², depending on the type of property. It’s a real micro-market.

The north-east is home to the tightest budgets. Heading south towards the Lamarck-Caulaincourt station, prices creep up to 12,000€/m². The availability of properties for sale also increases here.

Adjacent areas offer charming properties as well, such as this one bedroom rental in walking distance from the Sacré Coeur.

But as soon as the famous hill of Montmartre is in sight, prices explode.

From Avenue Junot to Rue des Abbesses, and through the streets surrounding the Sacré-Coeur, real estate with a view rises to millions of euros. Property below 16,000€/m² is rare.

This is a premium paid to live in the heart of this especially charming arrondissement.

21st-century newbuild properties

A surprising fact about the 18th district: it’s one of the few areas with plots still available for modern construction.

These newbuilds can sometimes offer housing that’s cheaper than period properties.

According to Olivier Waintraub, Managing Director of Nexity Seeri, “Newbuilds in the 18th vary between 9,500€/m² and 12,000€/m², with some peaks exceeding 15,000€/m² for exceptional addresses.”

The new construction project currently in development on Rue Damrémont, between Montmartre and Jules Joffrin, provides an example.

Set to open this fall, it offers an expansive selection of contemporary studios and apartments, with floor plans up to 128m².

Another notable project is the Chapelle International site, currently in construction near Montmartre. This huge sustainable development plans to offer 22,000m² of public space including an urban farm, and around 900 housing units.

It is not yet known how delays caused by the coronavirus pandemic will affect these two new projects.

Contact the experts at 56Paris today

Since 2015, property prices in the 18th arrondissement jumped 33.2% overall, with an average growth of 6.3% year on year.

Are you looking to buy a property for investment, or perhaps want to spend time here and enjoy all its charms for yourself? Don’t hesitate to contact the experts at 56Paris for free advice.

For the latest news and trends in Paris real estate, you can also follow us on social media. Along with this blog, we regularly update Facebook, Twitter, Instagram, and Pinterest to see all the latest news.

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