Paris: make the right investments on the left bank
Article published in February 2020
Three boroughs are particularly interesting when comes the time investing in real estate on the left bank of Paris: the 13th, 14th and 15th boroughs. Follow the guide !
The peripheral boroughs of southern Paris have long been neglected by investors, though they are full of great opportunities. The 13th, 14th and 15th boroughs offer different characteristics. The 13th borough, the least expensive of them nowadays, is known for the Austerlitz train station, the François Mitterrand library and also for one of the largest hospitals in the capital city, the Hôpital de la Pitié Salpêtrière, as well as for Paris famous Chinatown. The 13th borough recently saw a vast plan of urban renewal near the Library where a lively district came to life a few years ago. On the vast and open Avenue de France, new and functional properties may be found starting from €9,000 per m². In the more family-friendly area of Austerlitz/Saint Marcel, it is still possible finding properties with prices varying from €10,500 to €11,500 per m². A good compromise can also be found in the area bordering the 5th borough and in the immediate vicinity of the Jardin des Plantes. Further down in that borough, the lovely Butte-aux-Cailles area, charming little houses in small streets that will make you forget the “madness” of Parisian life can be found! On this Butte, pleasant and small surfaces at less than €12,000 per m² and small houses not exceeding €16,000 per m² are available. Opportunities are also waiting to be seized near Le Porte de l’Italie for €9,200 per m² et at la Porte de Choisy.
Paris’ 14th borough: an ideal residential district for an investment in rental opportunity
The 14th borough, located between the 13th and 15th boroughs, benefit from its long reputation of being a residential area. Though a closer look at the 14th borough may present very different image. A very green area can be found in the South with the Parc de Montsouris, one of the largest parks in Paris, and the famous Cité Universitaire. Rental investment opportunities at prices hovering around €9,500 per m² may be found in that area. Further up, towards Place Denfert or towards Port-Royal, is the location of more opulent properties with prices varying from €11,000 to €16,000 per m². It is impossible to look at the 14th borough without taking an interest in the Montparnasse area and its famous Tower, or its imposing train station providing access to the west and south-west of France. On average, in that area prices vary from €11,500 to €15,000 per m². Finally, more affordable areas delivering real rental investment opportunities are to be preferred in the Pernety areas where average prices do not exceed €11,000 per m².
Paris’ 15th: the borough of the future
The 15th borough, located at the western end of the left bank of Paris, is appreciated by families for its proximity to the Seine and its André Citroën Park. Known to house one of the largest exhibition centers in Europe, the 15th borough offers many different aspects. Very bourgeois in its northern part, the prices per m² can reach €14,000 on the famous avenue de Suffren bordering the 7th borough at the foot of the Eiffel Tower. More affordable is the Saint Lambert district, where rental investment opportunities still exist. Properties in that sector average €9,000 per m².
The Place To Be France is there to help and guide you in your real estate investment projects in the 13th, 14th and 15th boroughs of Paris.