1st arrondissement

Located in the heart of the city, the 1st arrondissement is one of the oldest in Paris. This area is full of beautiful, historic sites and is home to some of Paris’s most iconic monuments such as the Louvre and the Tuileries Garden. This district has many attractions that will keep you occupied both day and night. A major destination for sight-seeing and tourism, the 1st arrondissement is a vibrant area with a plethora of cafes, restaurants and shops. However, while this area may feel busy at times, the beauty of this district is undeniable: just take a stroll along the street of Saint-Honoré, to the gardens of Palais-Royal towards the legendary French perfumeries and the latest boutiques. This district also has more park space than any other district in Paris.

The areas that form this neighbourhood include the Saint-Germain-l'Auxerrois district, where the Louvre and the Tuileries Gardens are located, and the Les Halles district which is home to some of Paris's oldest buildings. Finally, the district of Palais-Royal hosts the Ministry of Culture with various renowned theatres such as the Comédie Française. Whilst many tourists forget to explore beyond the iconic Palais-Royal, there so much to discover in the 1st arrondissement. A new wave of cafes and modern shops have made the neighbourhood's aesthetic closer to that of New York or London.

The experts say

Marrying culture, delicious gastronomy and heritage, the 1st arrondissement captures the French ‘Art de Vivre’ which makes it a hotspot for tourists. Its popularity with tourists makes it is difficult to find a property in this arrondissement. When apartments pop up on the market, they generally come with a high price tag.

The property market in 1st arrondissement

The 1st arrondissement is the least inhabited area of ​​Paris and real estate is scarce, yet this district still attracts international and French buyers. The apartments in this neighbourhood are often spectacular and relatively expensive.

It is one of the top five most expensive Parisian districts according to the notaries. The most expensive and prestigious properties are located mainly west of the 1st arrondissement: Saint Honoré Street, the Louvre and Place Vendôme. The average price per square metre of an apartment in the 1st arrondissement is around €12,600 and sometimes reaches €19,800 per square metre, while houses can sometimes reach €30,000 per square metre. This makes houses in this area is 9.4% more expensive than apartments. Although the market of the 1st arrondissement has seen big increases in prices in recent years (+64% in 10 years, and +8.6% just last year), the demand remains very high and neither the price increase nor the scarcity of apartments for sale on the market can stop it.

Les Halles registers prices a bit less expensive than the rest of the arrondissement with prices up to €13,000.

Three insiders tips for 1st arrondissement

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.

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