One of the world’ s most recognised landmarks, and Paris’ most famous monument, the Eiffel Tower, stands here along with the Musee d’ Orsay, Ecole Militaire and Invalides, making it an international dream to live in the 7th arrondissement of Paris. Yet, except for the bustling areas around the main tourist attractions, it is actually one of Paris’ calmest arrondissements. Historically the home of the oldest and most prestigious families of the nobility, who started to live in the 7th arrondissement of Paris during the 17th century - as it had more space and was less populated and less polluted - this area is full of the rich legacy of the high nobility who built a number of outstanding residences, such as the H?tel Matignon, the H?tel de Salm, and the H?tel Biron. Many of the former mansions and palaces have now been transformed into government buildings.
Apart from a small handful of restaurants and bars between the Champs de Mars and Invalides, the area is dedicated to government buildings and other institutions such as UNESCO. The remainder is purely residential, and is still the first choice of the haute bourgeoisie who continue to live in the 7th arrondissement of Paris.
The avenues towards the 7th bordering the 7th are livelier, but otherwise the area is quiet and airy, with wide tree-lined avenues and the striking Esplanades des Invalides and Champs de Mars.
Looking to invest in Paris 7th arrondissement ?
Essentially Haussmann and 1930's architecture, these exclusive residential areas of the 7th are tranquil, clean and very bourgeois. Property prices are at a premium as these areas offer one of the most prestigious Parisian addresses for investors and families wishing to to buy an apartment in the 7th arrondissement of Paris.
Apartments are essentially family orientated with several bedrooms, large receptions and good light - although studios and maids’ rooms can be found – and the area offers a variety of choice for families and individuals desiring to live in the 7th arrondissement of Paris. The streets get narrower as you approach the river without the buildings losing any of their elegance.
The mean price per m2 for anyone looking to buy an apartment in the 7th arrondissement of Paris is currently around 12 247€* but price ranges vary greatly per area. The most expensive street being Avenue Elisée Reclus (16 770€) and the least expensive is Passage de l’ Union (8 738€)*. The Chambre de Notaires de Paris notes that real estate prices here rose by +1.7% in the past year, a promising recovery from a fall of 5.7% over the past 5 years. This steady rise has kept many investors positive about their choice to buy an apartment in the 7th arrondissement of Paris.