They are primarily looking for a luxury pied-à-terre spanning 100-300 sq.m (1,076 - 3,229 sq ft) that they will use for a few visits each year but are nevertheless determined to buy in the best neighbourhood and unwilling to consider any other part of the city. Why is the golden triangle so popular? Because the international clientele it tends to attract appreciates the multilingual environment that these few Parisian avenues provide, along with many brands that can be found in other major world capitals - something that some native Parisians tend to shun in favour of the authenticity of the left bank. Even within the golden triangle itself, however, there is one street that is much more sought-after than the others, this being Avenue Montaigne, which runs from the Rond-Point des Champs-Elysées to Place de l’Alma. Its appeal stems largely from its outstanding location and the presence of numerous luxury boutiques beneath beautiful Haussmannian buildings. Generally speaking, buyers want a property that they can move into immediately, one that is already furnished and needs no work. In any case, their future apartment will have to meet certain criteria that you would expect of a property of this standing, such as appropriate security. Indeed, at this price level, with some exquisite properties far exceeding the €20,000/sq.m mark, this is an important factor in reassuring international clients.
Investment funds and law firms
The 8th arrondissement is more generally home to a large number of the most important embassies (US, British, Japanese, Chinese, Israeli, etc.), with potential buyers working there and therefore wanting to live nearby, not least because the area is also home to a number of leading luxury hotels such as the George V and the Plaza-Athénée. The 8th arrondissement spans some 3.88 sq.km (1.50 sq. miles) between Place de Clichy, Quai des Tuileries, the Pont de l’Alma and Place des Ternes. Throughout the 19th century, the upper middle classes built their private mansions here, notably under the impetus of Baron Haussmann, and these properties are now particularly sought-after by consular services, investment funds and law firms, as well as some of the wealthiest individuals in the Middle East. With Paris still such a safe bet when it comes to real estate, the 8th arrondissement has everything it takes to continue to attract an international clientele that is accustomed to the very best in life. As a result, the quality standards of the properties on offer are becoming increasingly high, as reflected in the prices these beautiful avenues in the 8th arrondissement command.
From the Champs-Élysées to Avenue Montaigne, the 8th arrondissement is synonymous with prestige. Perfect for high-end buyers, it’s a top spot to buy a luxury apartment in central Paris. Expand your portfolio by exploring the 1st arrondissement luxury property market, 2nd arrondissement investments, and 4th arrondissement real estate. Also consider the vibrant 9th, the residential 16th, and the dynamic 17th arrondissements, all featured on our Paris Rive Droite property page.
