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PROPERTY

Revealed: The most expensive streets in France

Everyone knows that property in Paris does not come cheap - but the capital doesn’t have the monopoly on the priciest locations in France, according to a study from online property valuation portal MeilleurAgents.

Published: 21 April 2023 16:47 CEST
Revealed: The most expensive streets in France
Quai des Orfevres in Paris, once home to the judicial police, now the most expensive street in the country (Photo by KENZO TRIBOUILLARD / AFP)

Experts at the site have collated the most expensive streets in the country.

Paris obviously tops the list, taking all five of the top spots with streets where average prices break the €20,000 per metre square barrier – well over the capital’s average price of €10,700/m2. 

The most expensive? Quai des Orfèvres in the city’s first arrondissement – arguably most famous as the former location of the headquarters of the Judicial Police, it’s in the very oldest part of the city – on the Île-de-la-cité in the middle of the Seine. Buyers should now expect to pay a €23,002/m2 premium for the  privilege of living there.

In fact unsurprisingly, the most expensive streets are largely located near each other in the 1st and 6th arrondissements. 

Rue de Furstemberg (€22,582)  is second on MeilleurAgents’ list, followed by Rue Guynemer (€22,483), which was first in last year’s list with a higher m2 price than Quai des Orfèvres this year, Place Saint-Sulpice (€21,982) and Avenue Montaigne (€21,786).

Paris’s property values are much higher than in any of the other cities listed - none of the most-expensive streets outside the capital hit the average square metre price of property in it. 

The second most expensive city? That's Nice, down on the south coast, where property in Avenue Jean Lorrain will cost a not inconsiderable €10,692 per square metre on average.

The view from Nice's exclusive Avenue Jean Lorrain. Image: Google Street View

Avenue Jean Lorrain and Avenue Germaine (where properties are a relative snip at a mere €10,248/m2) are in the sought-after Mont-Boron area of the Mediterranean city, with views that command a premium. 

Nice takes all the places on MeilleurAgents’ list from six to 10, before Avenue Giuseppe-Verdi in Aix-en-Provence breaks the two cities’ stranglehold on property prices, coming in at €8,351/m2 - some 56 percent higher than the average price in the city.

The 10 most expensive streets in France

Paris: Quai des Orfèvres €23,002/m2

Paris: Rue de Furstemberg €22,582/m2

Paris: Rue Guynemer €22,483/m2

Paris: Saint-Sulpice €21,982/m2

Paris: Avenue Montaigne €21,786/m2

Nice: Avenue Jean Lorrain €10,692/m2

Nice: Avenue Germaine €10,248/m2

Nice: Avenue Montfleury €9,968/m2

Nice: Boulevard Princesse Grâce de Monaco €9,954/m2

Nice: Chemin Forestier €9,856/m2

While other French cities are a lot more reasonable than Paris or Nice, they too have their hotspots for expensive property. 

Avenue du Maréchal-Lyautey is the most expensive street in Marseille, with prices averaging €7,382 per square metre while Lyon’s priciest addresses are on Rue Gasparin; and Bordeaux’s Rue Mably comes in at €7,085.

Most expensive streets by town

Aix en Provence: Avenue Guiseppe Verdi €8,351/m2

Marseille: Avenue Maréchal Lyautey €7,380/m2

Lyon: Rue Gasparin €7,134/m2

Bordeaux: Rue Mably €7,085/m2

Toulouse: Rue Sainte-Anne €6,215/m2

Strasbourg: Place de la Cathedrale €6,130/m2

Nantes: Avenue Camus €5,880/m2

Rennes: Rue Waldeck-Rousseau €5,797/m2

Villeurbanne: Boulevard de la Bataille de Stalingrad €5,538/m2

Lille: Place du Concert €5,504/m2

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PROPERTY

Remote working in France prompts property race to the coast

The rise in the popularity of remote working has led to a shift in the French property market, with demand for a place by the sea and suburban houses with gardens soaring, according to a recent study.

Published: 10 May 2024 11:10 CEST
Remote working in France prompts property race to the coast

Seaside properties have long come with a premium in France – but the post-pandemic rise of remote working has led to an even sharper increase in demand.

Coastal areas have seen population increases of between two percent and five percent compared to pre-pandemic times, according to Insee data collated by Ifop political analyst Jérôme Fourquet and Fondation Jean Jaurès associate geographer Sylvain Manternach.

In some popular seaside locations, their research found, populations had jumped by as much as 10 percent.

READ ALSO What are France’s laws around working from home that I need to know?

These population movements are “primarily affecting Atlantic coasts”, such as Morbihan and the Aquitaine coast, the study found. Further north, however, demographic pressure is generally lower – with the notable exception of the ever-popular Saint-Malo.

Meanwhile, in major cities, such as Orléans, Tours, Bordeaux and Strasbourg, there has been a notable shift away from central areas to the suburbs, dating back before the Covid-19 lockdowns, as French workers seek the ‘detached house with a garden’ dream.

But new remote working opportunities and experiences of ‘teletravail’ during lockdown and beyond have extended the scope of people’s reach from the suburbs to further afield, driving the rush to the sea. And that has consequences, with property prices in some coastal areas rising rapidly.

Fourquet and Manternach write: ”This phenomenon has helped fuel continued peri-urbanisation and demographic growth in the suburbs of France’s main metropolises, which are increasingly distant from the city centre.

The recent arrival of, “a wealthy population wishing to buy a home in coastal areas where real estate was already expensive has further increased prices, making them less and less accessible to the local middle and lower classes,” they said.

READ MORE: Revealed: Where foreigners are buying second homes in France

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