Paris 4th : the most covetd address on the right bank
A charming, historic part of Paris conveniently located at its very heart, the 4th arrondissement reveals the richness of its multifaceted neighbourhoods. Highly-prized by a clientele both French and international, all charmed by its cultural and architectural richness, this vibrant heart of Paris nurtures its popularity ratings and its high prices…
A melting-pot of cultures and atmospheres, the 4th arrondissement encompasses the Île Saint-Louis, half of the Île de la Cité, a good part of Le Marais and the Place des Vosges. Different neighbourhoods, characterized by a coveted art of living and very hefty prices : “The 4th is the most expensive arrondissement on the Right Bank,” explains Nicolas Deliquiet of Deliquiet Immobilier. “The Île Saint Louis, Île de la Cité and Place des Vosges are niche markets with very high price-tags. Apartments offering views of the Seine and Notre Dame are ranked in the category of exceptional properties and thus account for rising prices which can easily attain 20,000 € per sq. metre for certain top-notch homes on upper floors. French, American and Italian buyers are very fond of this arrondissement. These are clients who want to benefit from a typical Parisian life-style with its bistrots, restaurants, boutiques, museums and art galleries all in immediate proximity. The 4th arrondissement offers a very convenient location at the heart of Paris and near Saint-Germain-des-Prés. Since the beginning of 2017, and especially since the election of Emmanuel Macron, properties of quality have been selling very rapidly, and at high prices. This is a very buoyant market, always marked by a scarcity of available properties”.
The trendy 4th arrondissement with its unique, both lively and historic atmosphere, offers outstanding properties that attract a discriminating, French and international clientele, as Nicolas Hug, of the Philippe Menager & Nicolas Hug agency, tells us: “The Marais area, which was built in the 17th century and includes part of the 4th, harbours real estate treasures, featuring high ceilings and remarkable period details such as wall panelling, “Versailles” parquet floors, inner shutters and occasionally, painted ceilings. In addition to these historic features, some exceptional properties offering stunning views on the river and Notre-Dame cathedral fetch very high prices. We recently sold an apartment overlooking the river on the Quai de Béthune for 27,000 € per sq. metre. The 4th arrondissement also features a large number of private mansions that often have their own garden. Fine properties in exclusive locations of the Marais, on the Place des Vosges, Île Saint-Louis or Île de la Cité are traded on a niche market with prices that may exceed 30,000 € per sq. metre. if they are truly exceptional. Moreover, an additional appeal of this area is its cultural heritage, with the largest amount of museums per square foot in the whole city. Art and design galleries are also numerous, making the 4th arrondissement a serious challenger to Saint-Germain-des-Prés.”
