Those who live in the 18th arrondissement of Paris much appreciate that it has a strong community spirit and is a melting pot of different cultures and influences - from the red light district of Pigalle, the artists of Montmartre, to the famous flea markets of Clignancourt.
The Butte Montmatre and the Place de Tertre are always full of tourists due to Sacre Coeur’ s magnificent views and the ‘ historically’ artistic atmosphere. Abbesse has become a very trendy area with many fashionable boutiques, lively bars and restaurants, now making it one of the more sought-after areas in which to live in the 18th arrondissement of Paris. Pigalle is famous for the Moulin Rouge and its nightlife in the red light district. The area retains nonetheless its distinctive and charming village atmosphere with its narrow cobblestone streets and cascading steps.
North of Montmartre, the 18th becomes more residential with a rich mix of ethnic and young Parisians, and is one of the least expensive areas to live in the 18th arrondissement of Paris.
Looking to invest in Paris 18th arrondissement ?
The older apartments on and around the Buttes Montmartre are in high demand and it has become extremely expensive here for those wishing to buy an apartment in the 18th arrondissement of Paris. Apartments range from very small studios to large family sized residences. It is one of Paris most charming districts and good cardio training is necessary for walking up its steep slopes, especially with shopping!
As you move north, properties become a much less expensive mix of old and new and it becomes more affordable here to buy an apartment in the 18th arrondissement of Paris. Despite the variety of cultures much of the area is somewhat unkempt, however recent important urban development projects have changed the face of this area, with the addition of 60 acres of park space.
The mean price per m2 in the 18th arrondissement is around 7 226€*, with price ranges varying greatly per area. The most expensive street being Allée des Brouillards (14 474€) and the least expensive, Rue Angelique Compoint (5 476€)*. The Chambre de Notaires de Paris advises that real estate prices here have declined by -0.7% in the first quarter of 2016, but had a significant rise +7.6% in the past 5 years, keeping prices on the increase but making it still affordable to buy an apartment in the 18th arrondissement of Paris.