Saint-Germain-des-Prés : Parisian elegance
Architectural richness and a widely-envied art of living, Saint-Germain-des-Prés has lots of weighty arguments to convince fans of Paris. Posting the most expensive transactions in the capital, this flagship neighbourhood on the Left Bank sets its values ever higher and acts like a magnet on a wealthy but increasingly demanding clientele.
An absolute must in the 6th arrondissement, Saint-Germain-des-Prés confirms its ever stronger appeal among a well-heeled international clientele, mostly American but also French, in search of apartments offering refined appointments. According to Inès Fonteneau of Daniel Féau Saint-Germain-des-Prés : “The property market here is doing well. It is a solid market that maintains its high prices because demand always outstrips supply. Over the past few months, we have noticed demand for higher quality on the part of buyers who are not only looking for an address, but also want to benefit from a certain status : a building’s architectural beauty, well-maintained communal premises, apartments offering open views or even a terrace. Demand based on these criteria is steady, and prices are soaring to 17,000-18,000 € per sq. metre on average, exceeding 20,000 € for the finest properties. We recently sold an apartment of 137 m2 on Rue du Bac in a former private mansion transformed into a co-owned property, giving onto a pretty leafy courtyard and gardens, priced at 18,046 € per sq.m. In need of total renovation, this apartment sold within less than a week ! In our files, we currently have waiting-lists of buyers for this type of property. The neighbourhood of Saint-Germain-des-Prés is a picture-postcard of Paris for foreigners, its appeal never wanes, and its prices continue to rise”.
Offering irresistible charm, Saint-Germain-des-Prés is indeed coveted by clients with high purchasing power in search of exceptional properties, as confirmed by Manuela Baron of Emile Garcin Rive Gauche : “We have a file of French and foreign buyers with very substantial budgets, ie. over 4 million euros, looking for outstanding properties in Saint-Germain-des-Prés. Even for a pied-à-terre, demand now calls for apartments of at least 200 m2 with high-end appointments. And the waiting-list is getting longer for these apartments which have become rare on the market. We recently sold a sublime split-level apartment of 190 m2 with a terrace of 110 m2 near the Luxembourg Gardens, on the 5th and 6th floors of a very handsome freestone building, priced at 6.3 million euros. This exceptional apartment offers a full range of assets and, above all, the privilege of a 360° view of all the landmarks in Paris. Saint-Germain-des-Prés is already an address in itself, it embodies the prestige coveted and highly valued by a clientele both French and international. Place Furstenberg, the Luxembourg Gardens, Place Saint Germain-des-Prés, Rue Guynemer and Rue de Médicis are among the most highly-prized spots in the neighbourhood”.
