
Median, ranges by district, impact of floor and view, recent evolution. A sourced reading of the market by METROREALTY agents, on rue Molière since 2004.
Paris 1st arrondissement is, alongside the 6th and 7th, the most expensive area in metropolitan France. Its 2025-2026 median is around €12,100/sqm, 15-20% above the Paris average (~€10,200/sqm).
But this figure hides very strong internal heterogeneity. The 1st brings together four very different micro-markets: Palais-Royal (17th-18th-century charm), Tuileries (Haussmann garden view), Vendôme (ultra-luxury jewellery), Les Halles (centrality, more affordable). The real range goes from €9,500/sqm (busy Halles axes) to over €25,000/sqm (direct Vendôme views).
Prices shown here rely on DGFIP/DVF transactions 2024-2025, supplemented by off-market sales tracked by METROREALTY since 2004. Medians calculated excluding furniture and fees.
| District | Median price | Range | Dominant buyer profile |
|---|---|---|---|
| Palais-Royal | ≈ €15,500/sqm | €13,000 – 19,000/sqm | International pieds-à-terre, historical charm lovers |
| Place Vendôme | ≈ €22,000/sqm | €18,000 – 30,000/sqm | International ultra-luxury (USA, UK, Middle East, Asia) |
| Tuileries / Rivoli | ≈ €13,200/sqm | €11,000 – 19,000/sqm | Garden-view pieds-à-terre, primary residences |
| Saint-Honoré (centre) | ≈ €14,500/sqm | €13,000 – 17,000/sqm | Parisian and international families |
| Les Halles / Montorgueil | ≈ €10,800/sqm | €9,500 – 13,500/sqm | Young professionals, investors, expats |
| Châtelet / Pont-Neuf | ≈ €11,500/sqm | €10,000 – 14,000/sqm | Mixed, Seine views command premium |
Sources: DGFIP/DVF 2024-2025 + off-market transactions tracked by METROREALTY. Indicative figures, to be weighted by floor, view, condition and building.
| Typology | Median price Paris 1st | Gap vs median | Demand |
|---|---|---|---|
| Studio (15-25 sqm) | ~ €14,500/sqm | +20% | Very strong (students, investors) |
| 1-bedroom (28-45 sqm) | ~ €13,000/sqm | +7% | Strong (pieds-à-terre, young professionals) |
| 2-bedroom (50-75 sqm) | ~ €12,100/sqm | median | Steady (couples, families) |
| 3-bedroom (80-110 sqm) | ~ €12,500/sqm | +3% | Strong (international families) |
| 4+ bedrooms (120 sqm+) | ~ €14,000/sqm | +16% | Selective (highly qualified families) |
Studio and large 4+ bedrooms pull up: scarcity for studios (very few sales), exclusivity for 4+ bedrooms (international families, prestige pieds-à-terre).
| Floor / configuration | Discount or premium | Comment |
|---|---|---|
| Ground / 1st floor | −15 to −25% | Overlooks, street noise, perceived security |
| 2nd-3rd floor | −5 to 0% | Standard floors, no specific premium |
| 4th-5th floor with lift | +15 to +30% | Light, open views, noble floors |
| Top floor with terrace | +30 to +60% | Scarcity, panoramic view, sun |
| Garden view (Tuileries/Palais-Royal) | +20 to +40% | Scarcity effect, premium at any floor |
| Vendôme column view | +40 to +80% | Top of market, confidential transactions |
Reading: the same 80 sqm flat on the 1st floor without view will trade at ~€10,200/sqm; the same property on the 5th with Tuileries view exceeds €17,000/sqm. Floor and view weigh more than surface in Paris 1st.
Paris 1st arrondissement saw a slight correction of −3 to −5% in 2023-2025 compared to the 2022 peak. This moderate dip reflects rising mortgage rates and a temporary slowdown in local demand. It is significantly milder than the correction observed in some peripheral Paris districts (−8 to −12%).
The ultra-luxury segment (Vendôme, Palais-Royal garden view) held up well, even rising slightly, supported by international demand insensitive to local rates: Americans, British, Middle East and Asia account for 60-70% of buyers on these properties.
For 2026, the progressive ECB rate cuts and the return of first-time investors should trigger stabilisation, possibly a slight recovery. METROREALTY expects a flat 2026 on Paris 1st median, with the high-end segment pulling slightly upward.
The median price per sqm in Paris 1st is around €12,100/sqm in 2025-2026. Range: €9,500/sqm (busy Halles axes) to over €25,000/sqm (Place Vendôme with column view).
Palais-Royal: ≈ €15,500/sqm. Tuileries: ≈ €13,200/sqm. Vendôme: €18,000-30,000/sqm. Les Halles: ≈ €10,800/sqm. Saint-Honoré: €13,000-17,000/sqm. Direct garden or Vendôme views: 20-40% premium.
Slight correction of −3 to −5% versus 2022. Ultra-luxury (Vendôme, Palais-Royal garden view) held up well, supported by international demand. Slow recovery expected in 2026 with falling rates.
Floor is major in Paris 1st. Ground/1st: −15 to −25%. 4th-5th with lift and view: +15 to +30%. Top floor with terrace: +30 to +60%.
Around 95 days for correctly priced properties. Pieds-à-terre in sought-after streets: 60-80 days. Mispriced properties: over 6 months.
DGFIP/DVF transactions 2024-2025 + off-market sales tracked by METROREALTY since 2004. Medians calculated excluding furniture and fees. Ranges include floor and view.
An accurate valuation accounts for floor, orientation, exposure, condition, building and actual transactions on your street. METROREALTY produces a free valuation report within 48 hours.
A district median is not enough. An accurate valuation takes into account your floor, view, condition and the actual transactions on your street. METROREALTY produces a full report within 48 hours.
Explore further — Paris 1st property