The Marais is one of the oldest neighborhoods in Paris, with its two islands in the middle of the Seine, Ile de la cité and Ile St Louis, having been settled since the 1st century BC and the right bank in the middle ages. The area remains one of the most historic and has kept a large portion of its medieval architecture. To the east we find a charming area with lots of lively bars, restaurants, boutiques, galleries and beautiful squares such as the famous Place des Vosges. To the West lies the distinctive modern art museum, Pompidou Centre, with its street artists and colourful sculptures and fountains. To the south is the Hotel de Ville - Paris’ central city hall - and the rue de Rivoli with its shops, such as the iconic BHV, cafes and restaurants. It has become a much-desired address in recent years. It remains the home of a long established Jewish community around rue des Rosiers and has now also become the centre of Paris’s gay community and creative types are flocking to live in the 4th arrondissement of Paris, attracted by its relaxed and lively ambience.
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Apartments here are usually very charming and range from the ultra-chic, to the quaintly medieval with beams, low ceilings and courtyards. This area is bustling both day and night and is one of the favorite strolling places for Parisians on the weekends. When looking to live in the 4th arrondissement of Paris, larger apartments can be found on, and south of, Rue de Rivoli and towards the east, around Bastille. Properties in the Marais are in high demand and prices are very expensive, especially around Place des Vosges. Ile de la Cité and Ile St Louis are also amongst the most sought-after - and thus pricey - residential areas of Paris. However, if you are in the market to buy an apartment in the 4th arrondissement of Paris, choose carefully as in the summer months, with Notre Dame Cathedral on the east end of Ile de la Cite, these islands can be constantly overflowing with tourists.
The mean price per m2 in the 4th arrondissement is around 11 567€ *, with price ranges varying greatly per area. The most expensive street being Quai d’Orléans (17 571€) and the least expensive is Boulevard Morland (9 429€)*. The Chambre de Notaires de Paris notes that real estate prices here have declined by -4.5% in the fourth quarter of 2016, and declined by -1.4% in the past 5 years. However, it remains an excellent investment area for those seeking to buy an apartment in the 4th arrondissement of Paris.