... and What It Means for International Investors
The third quarter of 2025 marks an important moment for the Paris property market. According to the latest figures released by the Paris Notaries and major market observers, activity is clearly picking up again—yet in a way that feels more measured, more “normal,” and perhaps healthier than in previous post-Covid cycles.
For our international clients at 56Paris — especially those focused on the central districts, including the 3rd (Haut-Marais), 4th (Marais / Île Saint-Louis / Saint-Paul), 5th (Latin Quarter), 6th (Saint-Germain-des-Prés) and 7th (Saint-Thomas-d’Aquin / our home district) — the latest data offers both reassurance and clarity for the months to come.
A Clear Rise in Sales Volumes — Without a Surge in Prices
Across the Paris region, transactions increased sharply:
+13% in Île-de-France year-on-year
+12% within Paris proper, a significant rebound after several quieter quarters
This confirms something we have been observing inside the market: buyers have returned.
Not speculative investors, but end-users — residents purchasing primary residences, or long-term international buyers seeking a stable pied-à-terre or wealth-preservation strategy.
At the same time, prices have remained remarkably stable:
* Paris apartments remain around €9,700 per m² on average
* Annual price change is only around +1% to +1.3%
This combination — more activity, but stable prices — is unusual for Paris, which historically sees prices react quickly to demand. It suggests the emergence of a more balanced market, neither overheated nor depressed.
For international investors, especially those buying high-end properties in Saint-Germain-des-Prés or Saint-Thomas-d’Aquin, this stability offers reassurance: liquidity is back, but without irrational price escalation.
Why the Market Is Awakening Again
Several forces are behind the Q3 recovery:
1. Mortgage rates have stabilized
After the sharp rises of 2022–2023, rates are no longer climbing. This has revived buyer confidence and restored purchasing capacity for many residents.
2. Fewer speculative investors, more genuine buyers
Following the end of the Pinel tax incentive and other shifts in policy, the investor segment is quieter. In many ways, this has helped normalize the market and reduce competition for end-users — something international lifestyle buyers benefit from.
3. A resilient underlying de
Paris continues to attract: families, professionals returning to the city, and international buyers who see Paris as a cultural, financial, and lifestyle capital. Even with limited price growth, these buyers are active again.
AI generated graphs based on data from Chambre des Notaires de Paris over period apartments in Paris.
1. Number of annual sales
2. Price per square meter
3. The most expensive neighborhoods
Office Market: A Different Story, Yet Relevant for Investors
While residential activity improved, the commercial sector tells a more nuanced story:
* Office take-up reached 408,000 m² in Q3, an increase from the previous quarter but still –8% year-on-year.
* Large transactions (> 5,000 m²) fell sharply, especially –47% in Paris.
* Available office space rose to 6.1 million m², up significantly on the year.
* Incentives offered to tenants (rent-free periods, contributions to fit-outs) now exceed 29%, a historic level.
For investors, this creates two kinds of opportunities:
1. Prime repositioning: Well-located buildings — particularly in the Left Bank between Saint-Germain and Invalides — can be repositioned with ESG upgrades or mixed-use strategies, notably residential conversions.
2. Attractive pricing: We are seeing sellers becoming more flexible, and acquisition yields slightly improving, especially for buildings needing renovation or reconfiguration.
The gap between residential stability and commercial softness may continue into 2026, rewarding long-term investors with a clear strategy.
Focus on the Central Arrondissements: Where International Buyers Look First
The 3rd through 7th arrondissements continue to operate almost as a micro-market within Paris. Key highlights:
Saint-Germain-des-Prés and Saint-Thomas-d’Aquin
As always, these neighborhoods remain among Paris’s most stable and sought-after. Values routinely exceed €15,000 per m², and exceptional properties continue to command over €20,000 per m².
A recent example is this top-floor one-bedroom apartment with balcony in Saint-Germain — discreetly situated, beautifully finished, and representative of the enduring appeal of the 6th arrondissement: Top-Floor One-Bedroom Apartment with Balcony in Saint-Germain
Demand comes from:
* Americans and Northern Europeans seeking lifestyle properties
* Long-term investors focused on cultural “blue-chip” neighborhoods
* Buyers prioritizing architectural charm and heritage buildings
Because supply in these districts is structurally limited, price stability here is not surprising — and downturns tend to be milder than in most major capitals.
Haut-Marais (3rd) and the Marais, Île Saint-Louis and Saint-Paul (4th)
These areas continue attracting both domestic buyers and international clients seeking authentic Parisian charm, excellent walkability, and preserved architecture.
Properties such as this bright and quiet two-bedroom with a large office in the Haut-Marais illustrate why discerning buyers gravitate to the 3rd arrondissement: Bright and Quiet 2-Bedroom Apartment with large Office in the Haut-Marais
Latin Quarter (5th)
The Latin Quarter remains in steady demand from academics, families, and investors seeking long-term stability and reliable rental prospects.
This peaceful residence overlooking gardens shows precisely why this arrondissement maintains lasting appeal and liquidity: A Peaceful Haven in the Latin Quarter Overlooking Gardens
Risks and Points of Attention for Global Buyers
Even with positive signs, caution is wise:
* Fiscal and regulatory uncertainty remains a factor.
* Economic conditions — especially interest rates — may shift in 2026.
* The commercial sector’s weakness could spill into some mixed-use assets.
* Price growth over the next 12 months is expected to remain modest.
For international investors, this environment favors long-term strategies, focusing on asset quality rather than short-term appreciation.
Outlook: What to Expect Going Into 2026
If current trends continue:
Residential: We anticipate a stable, active market with slight growth possible in prime sectors like the 6th and 7th. Volume should remain stronger than in 2023–2024, but without significant price inflation.
Commercial: The market is likely to remain tenant-friendly through 2026, offering opportunities for buyers with a refurbishment or repositioning strategy.
For cross-border clients
This could be an excellent window to:
* Secure a Saint-Germain or Marais pied-à-terre
* Acquire assets with strong heritage value
* Enter commercial repositioning at relatively attractive levels
* Rebalance a portfolio toward stable, core Parisian property
56Paris’ Perspective
From our offices on rue de Verneuil, at the heart of Saint-Thomas-d’Aquin, we are seeing renewed energy in buyer searches, serious demand from international clients, and a sense that the market is finding its equilibrium.
Q3 2025 did not bring a boom — it brought clarity.
And clarity is often the best environment for prudent but decisive investment.
At 56Paris, we are proud to translate these insights into meaningful guidance for our clients, helping you navigate the market with clarity and confidence.
Whether you are seeking a pied-à-terre in the heart of Paris, a family home in the surrounding suburbs, or a long-term investment strategy, your trust inspires us to combine precise market understanding with truly personalized advice. By interpreting these trends with care and nuance, our goal is to guide you toward opportunities that align with your vision and aspirations.
From the start of your search to the next chapter of your journey in the Paris region, 56Paris is here to transform data and market signals into real, actionable opportunities for your future.