Located in the heart of the city, the 1er arrondissement is one of the oldest quarters in Paris and has some of the oldest Paris property offers. Being the least populated area, it is a touristic site with very few residential properties. The residential properties that do exist in the area, however, can be quite spectacular and rather pricey.
The quarter is packed with historic sites of exceptional beauty. From landmarks such as the Louvre and the Jardin des Tuileries neighbouring the area, there are many things to keep it alive from morning to night.
Being such a popular tourist destination, the 1er can sometimes feel overcrowded. Many cafés and restaurants that line the streets of the district are often considered “tourist traps”. However, the beauty of this arrondissement is undeniable. Wonder through Rue Saint Honoré, into the gardens of the Palais Royal and under its colonnaded walkways, which are home to old French perfumeries and recently opened high-end boutiques.
The quarters that make up this arrondissement include Quartier Saint-Germain-l’Auxerrois, where the Louves and the Jardin de la Tuilerie reside, and the Quartier des Halles, where some of Paris’ oldest architecture can be seen. Finally, the Quartier du Palais-Royal houses the Ministry of Culture for France alongside various important theatres such as La Comédie Française.
There is a lot to see and do in the 1er arrondissement and the tourists often miss out on the back streets of Palais Royal. Recently there has been an influx of new and modern coffee shops and retail spaces, which share more the aesthetic of New York and London than the widely seen look of typical Parisian cafés and boutiques.
The 1er arrondissement is one of the most expensive areas of the city. To find a Paris property in the area is difficult. The area allows a little more than 17,000 individuals to reside in the quarter. With the area being so safe and so close to some of Paris’ most popular attractions, the rental demand is at its highest and will act as a great Paris property investment.
On average, a 1er arrondissement property for sale is around €11,000 per sq m, but can easily fetch upwards of €13,000 in streets that are more affluent. The Paris commercial property market works similarly, with prices increasing depending on the location. The most beautiful buildings in the 1e arrondissement for sale can be found near Place Vendôme, the Tuileries gardens and, of course, Palais Royal.
GET – a sense of the unofficial Japanese quarter of Paris. Even though there has never been a “Little Japan” or “Japan Town” in Paris, the 1er has a high concentration of Japanese produce and in Rue Sainte Anne you can find some of the best Japanese restaurants in town.
DO – enjoy the lively atmosphere of the open-air market on rue Montorgueil. As one of Paris’ oldest open markets, it’s a haven of specialty food, including bread, wine, and cheese.
SEE – Pont Neuf: a bridge that connects the 1er and 6th arrondissements. It is Paris’s oldest standing bridge.