This project is a collection of 31 high-end apartments for sale located in the heart of Paris in the 18th arrondissement. The new-build properties are well-optimised.
Panamic is located in a lively and cosmopolitan neighbourhood in the heart of Paris. The apartments are perfectly located as they are very well connected to the rest of the city, with two metro lines (number 2 and 12) just a few metres away. Most of the units have south-facing balconies or loggias for welcoming as much natural light as possible in the apartments’ interiors.
Why is this opportunity so exciting?
These small unit apartments are ideal for investors wanting to take advantage of the high rental opportunities in Paris, or even as a home for couples or small families. For investors, it presents a sound investment in an increasingly sought-after area with competitive prices considering it is a new-build development - the average price for resale properties in the 18th arrondissement being €8,300 per square metre.
What’s the investment potential?
The market prices in this area are driven by the evolution of the neighbourhood. For instance, the ongoing revitalisation of the district includes 8 more stops between La Chapelle and Porte d’Asnières on the T3 tramway line, which will encourage an increasing dynamism in the area with easy access to the rest of Paris.
Prices of these apartments are competitive, at just €9,000 per square metre which is rare for new-build developments in the centre of Paris, with an average of €9,040 per square metre. This area has seen a big increase in market prices of 32.7% in the last five years, indicating a strong market appreciation in the future.
What about the properties?
The architecture of these new-builds will be particularly well integrated into the style of the neighbourhood’s buildings.
At around 47sqm, the interiors of the apartments for sale are modern and adapted to contemporary needs with high-end finishes. The residence will be perfectly secure due to video and audio door entry systems, reinforced doors and a closed bike garage.
What else about the area?
On the right bank of the Seine, the 18th arrondissement was originally a popular area that was born from a merging of the arty Montmartre and working class Clignancourt and La Chapelle villages. The area is gaining more and more interest from Parisians and investors and is gradually becoming a sought-after district.
Many amenities and schools are present in the area along with iconic places such as the Butte Montmartre, the Sacré Coeur basilica and the Moulin Rouge.