The 11th is a lively, crowded area with a mixture of everything. To the west are Place de la Republique and theBastille, joined by the sweeping, tree-lined Boulevard Richard Lenoir, offering a large market and many play areas for children, giving a family feel for those wishing to live in the 11ths arrondissement of Paris . Bastille and rue Faubourg St Antoine are popular areas for trendy cafes, restaurants and nightlife (but can become a bit inundated with tourists during the peak season) and also have a range of boutiques and galleries. The new Opera Bastille stands on Place de la Bastille.
Oberkampf, to the north, is another trendy area for nightlife and has become a popular destination for younger people seeking to live in the 11ths arrondissement of Paris. The central part is more residential and commercial, with many fashion wholesalers, but the areas around Voltaire and Parmentier have a lively community. The population is predominantly young and becomes more family oriented in the east. With its pleasant little squares and parks and community spirit, the 11th is definitely an area on the move.
Looking to invest in Paris 11th arrondissement ?
This market holds its own when compared with the classier 14th and 15th arrondissement. Even after significant price increases in recent years, its closeness to the center, beautiful buildings and its historically low prices, are the main reason many more are now choosing to buy an apartment in the 11th arrondissement of Paris. Prestigious apartments are found to the west, although prices around the Bastille area are slightly higher due to its popularity. To the east, apartments are also Haussmann in style though slightly more affordable. Architecturein this area varies greatly; there is a mixture of the modern, some late Haussmann influence and everything in-between, which adds to the charm of the district.
The mean price per m2 in the 11th arrondissement is around 7 950€*, with price ranges varying somewhat per area. The most expensive street being Rue Moufle (10 591€) and the least expensive, Boulevard de Belleville (6 558€)*. The Chambre de Notaires de Paris advises that real estate prices here have declined by -1.0% in the first quarter of 2016, but rose by +5.6% in the past 5 years and it still remains a good investment choice to buy an apartment in the 11th arrondissement of Paris.