The sixth arrondissement of Paris was the area with the highest residential real estate price in the French capital as of May 2025. In this arrondissement, which includes several historical sites like Saint-Germain-des-Prés, the Académie Française, and the Jardin du Luxembourg, the average price per square meter amounted to over ****** euros. Paris is known for being one of the most expensive European cities to rent an apartment. The price difference in the twenty arrondissements of Paris The French capital is divided into twenty arrondissements, which correspond to administrative districts. Because of their geographical situations in regards with the economic centers of the city of Paris, as well as their environments and the living conditions they offer, arrondissements do not have the same average price per square meter. For example, the average square meter price for an apartment in cosmopolitan districts like the 19th and the 20th arrondissements, located in the northeastern part of the city, amounted to around ***** euros, compared to close to ****** euros in Le Marais (4th arrondissement). Paris was by far the most expensive city in France, regardless of the location of the accommodation. In 2023, the average price per square meter for rental flats reached ** euros in Paris and ** euros in Marseille, France’s second-largest city. The rise in rental prices in European cities It appears cities in Europe have seen their rental prices increasing over the past years. In Germany, for instance, if Berlin used to be described as “poor but sexy” (to quote Berlin’s former mayor Klaus Wowereit), it appears that the German capital is not unaffected by the rise in rents. From 2016 to 2022, the average rent price of residential property in Berlin went from *** euros per square meter to **** euros five years later.

This statistic illustrates the evolution of the average sales prices per square meter of the old apartments in Paris between the third quarter of 2008 and the third quarter of 2016. In 2016, the average selling price per square meter of the old apartments in Paris amounted to almost ***** euros.

New Apartment Sold: Avg Sales Price: Region: Paris-Isle-of France data was reported at 4,734.556 EUR/sq m in Jun 2018. This records an increase from the previous number of 4,723.650 EUR/sq m for Mar 2018. New Apartment Sold: Avg Sales Price: Region: Paris-Isle-of France data is updated quarterly, averaging 4,363.230 EUR/sq m from Dec 2001 (Median) to Jun 2018, with 67 observations. The data reached an all-time high of 4,906.774 EUR/sq m in Jun 2011 and a record low of 2,889.000 EUR/sq m in Dec 2002. New Apartment Sold: Avg Sales Price: Region: Paris-Isle-of France data remains active status in CEIC and is reported by Ministry of Ecology, Sustainable Development and Energy. The data is categorized under Global Database’s France – Table FR.P005: New Apartments: Sales Price.

In December 2023, the average rent per square meter of an apartment in the first arrondissement of Paris amounted to ** euros. This arrondissement, situated in the center of the French capital, is the smallest by area and yet, one of the most expensive ones for renters. Paris appears to have some of the highest rents in Europe. The housing crisis in France Although France had the highest number of completed housing units per 1,000 citizens in Europe in 2022, demand in the capital far outweighs supply. The lack of affordable housing for purchase increases competition in the rental market, leading to rents soaring in the past decade. Residential prices in capital cities in Europe are usually higher than the national average, but in France, this trend is even more pronounced. In 2022, homebuyers in Paris paid more than three times higher than the national average - a price gap only Lisbon comes close to. The cost of living in the French capital Paris counts some of the world’s most incredible historical sites, as well as a vibrant culture. But living in the City of Lights is becoming more expensive every year. In 2019, The Economist Intelligence Unit’s Worldwide named Paris the second city with the highest cost of living worldwide. Even though the average cost for public transport is surprisingly low in Paris, compared to other European cities, real estate prices and the costs of food or entertainment can make Parisian life less romantic than expected.

Paris, Lyon, and Bordeaux are the most expensive cities for residential real estate in France. In Paris, the average square meter price of an apartment was over 9,000 euros in October 2024, while the price for a house was even higher. Apartment prices in Paris went as high as 15,000 euros, depending on the arrondissement.

In 2023, the average price per square meter for rental apartments in France was the highest in Paris. In the French capital, the average price per square meter for rental flats reached almost 31 euros, compared to 16 euros in the second-largest French city, Marseille. Not only is Paris the most expensive city in France for renting an accommodation, it is also one of the most expensive in Europe.
Paris housing crisis The Paris region is the most populated area of France. It is also the most densely populated region of the country. In a very centralized country like France, the capital appears to be the center of the majority of economic and cultural activities, as well as the home of an important number of universities. Finding accommodation is becoming more and more difficult in a city which also attracts millions of tourists every year. The average cost of an apartment in Paris amounted to more than 10,000 euros per square meter, compared to nearly 3,900 euros per square meter in the French second-largest agglomeration: Lyon. The consequences of high prices in housing In Paris, renting a two-bedroom apartment costed more than 2,000 US dollars in 2018, making the city one of the most expensive worldwide. To cope with this price boom, residents of the Paris metropolitan area often live in one of the many suburbs of the city. Furthermore, the pollution of the French capital, as well as its traffic jams and congested public transports, often lead Parisians to change their lives and move elsewhere after a few years. In 2015, Bordeaux was named most attractive city to live in France. Paris was only ranked eighth.

The average monthly rent per square meter of rental apartments in Paris, France, was the highest for furnished one-bedroom apartments or studios in 2025. In April that year, the square meter rent in such an apartment cost approximately **** euros per square meter. In comparison, the monthly rent of unfurnished three-bedroom apartments was **** euros per square meter. Unsurprisingly, Paris is the most expensive rental market in France, with some of the city's arrondissements fetching prices of ** euros per square meter.

Property Price: Existing Home: Apartment: Paris data was reported at 9,300.000 EUR/sq m in Jun 2018. This records an increase from the previous number of 9,090.000 EUR/sq m for Mar 2018. Property Price: Existing Home: Apartment: Paris data is updated quarterly, averaging 3,097.000 EUR/sq m from Jun 1980 (Median) to Jun 2018, with 153 observations. The data reached an all-time high of 9,300.000 EUR/sq m in Jun 2018 and a record low of 847.000 EUR/sq m in Jun 1980. Property Price: Existing Home: Apartment: Paris data remains active status in CEIC and is reported by The Chamber of Notaries of Paris. The data is categorized under Global Database’s France – Table FR.EB013: Residential Property: Existing Home: La Chambre des Notoires de Paris.

Analysis of ‘Paris Housing Price Prediction’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/mssmartypants/paris-housing-price-prediction on 28 January 2022.

--- Dataset description provided by original source is as follows ---

Context

This is a set of data created from imaginary data of house prices in an urban environment - Paris. I recommend using this dataset for educational purposes, for practice and to acquire the necessary knowledge. What I'm trying to do next is to create a classification dataset with same data from this dataset, I'll add a new column for class attribute ofc. Here is a classification dataset ---> classification dataset <---

Content

What's inside is more than just rows and columns. You can see house details listed as column names.

Description

All attributes are numeric variables and they are listed bellow:

• squareMeters
• numberOfRooms
• hasYard
• hasPool
• floors - number of floors
• cityCode - zip code
• cityPartRange - the higher the range, the more exclusive the neighbourhood is
• numPrevOwners - number of prevoious owners
• made - year
• isNewBuilt
• hasStormProtector
• basement - basement square meters
• attic - attic square meteres
• garage - garage size
• hasStorageRoom
• hasGuestRoom - number of guest rooms
• price - predicted value

Inspiration

Idea was to create dataset that is good for regression and that gives adequate results.

--- Original source retains full ownership of the source dataset ---

1) Data introduction • Paris-housing dataset is a dataset for classifying houses into two categories: luxury houses and basic houses.

2) Data utilization (1) Paris-housing data has characteristics that: • The purpose is binary classification of luxury homes and basic homes based on data consisting of 18 columns such as square meters, number of rooms, number of floors, and age. (2) Paris-housing data can be used to: • Real Estate Valuation: The dataset can support real estate valuation models by identifying key factors that contribute to classifying a home as luxury or basic, helping appraisers and investors make informed decisions. • Educational Purpose: The dataset serves as a resource for teaching and demonstrating concepts related to classification, real estate analysis, and the application of data science in the housing market.

In 2018, the construction costs of one square meter of the interior area of a five star hotel in Paris were estimated at about 3,580 euros. Similarly, the statistic shows that the cost construction of one square meter of resorts interior area was evaluated to about 2.640 euros.

Paris exhibited the strongest demand for office real estate in Europe in the 12 months rolling to the second quarter of 2024. Office take-up in Paris for the period measured nearly *** million square meters of floor space sold, let, pre-let, or pre-sold. Warsaw and London City had the second and third-highest volume. Demand for offices plummeted following the COVID-19 pandemic. Despite an improving outlook, office real estate take-up in the first half of 2024 remained below the pre-pandemic levels.

London was one of the most expensive cities to build a home in Europe in 2024. The cost of constructing a high-rise apartment in the Irish capital was around ***** U.S. dollars per square meter cheaper than in London. Paris had lower housing construction costs than in Amsterdam, Munich, or Dublin.

The prime rental costs per square meter of office spaces in Paris (CBD), France increased substantially since 2015. Businesses paid a prime rent of 955 euros per square meter per year in the third quarter of 2022, which was an increase of over 200 euros from the same period in 2015. It is important to note that prime rents refer to the highest rates achieved, usually for buildings of the highest quality and most sought after location. These properties experience higher demand and therefore higher upward pressure on rents compared to older buildings on secondary locations.

Bucharest, Riga, and Tallin were the cities with the highest prime warehouse yields in Europe in the third quarter of 2024. Conversely, the major markets in Germany had warehouse yields of **** percent, which was the lowest across the European cities in the ranking. Other markets with low yields were London, Paris, and Rotterdam. In real estate, yield is a measure of the rate of return and is calculated as the ratio of the annual income to the total investment cost. Yields in markets with higher property values are typically lower, displaying lower investment risk due to better capital value and rental growth prospects over the period of the investment. That can be seen in markets such as London, Paris, and Berlin, which despite being among the most sought after investment destinations, had some of the lowest prime yields. How have yields developed in recent years? As a function of income and costs, many political and market factors can contribute to yield fluctuation. In Germany, prime warehouse yields declined steadily between 2014 and 2021, followed by an increase in 2022 and 2023. The rise in net prime yields reflects a slowdown in commercial property values amid a decline in the investment market. Investment in industrial and logistics real estate Industrial and logistics emerged as one of the most resilient commercial real estate sectors after the COVID-19 pandemic, as businesses sought strategies to strengthen supply chains and boost e-commerce. Nevertheless, challenges in the commercial real estate market related to a tougher lending environment, asset repricing, and a worsening investor sentiment caused commercial real estate investment volumes in Europe to plummet in 2023. This also affected the industrial and logistics real estate investments, with the value of capital allocated to the sector reaching the lowest value since 2016.

Prime office rents in Central Paris are some of the highest in Europe. In 2024, the square meter rent of office space in Paris was ***** euros per year, up from ***** euros per square meter in 2023. In comparison, in 2013, office rents were *** euros per square meter.

The Suite is a duplex of 484 square feet (a standard room is only 14 square meters). The access is also within the hotel, through the courtyard. It consists

This statistic illustrates the international building costs per square meter of internal area for residential properties in Paris, France as of 2019, broken down by the type of building. That year, the most expensive residential properties were high-rise apartments and individual detached houses - prestige with 2,074 euros per square meter in building costs.

According to the study, the construction of one square meter of general hospitals in Paris cost around 3,500 euros in 2018. Similarly, the cost construction of one square meter of regional hospitals was estimated to 2,852 euros.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.