Are you considering purchasing an apartment in Paris’ 1st arrondissement?
Do you need information before buying your future apartment in the 1st arrondissement? Quality of life, housing distribution, your hunter’s opinion, history…
In this guide, we offer you everything you need to know about your real estate search in this arrondissement.
Historically high, prices continue to rise in a mature market. Your Paris-based apartment hunter recommends the Eglise Saint-Eustache and Les Halles arrondissements, where there are still good bargains to be had, taking into account the rehabilitation of the Forum des Halles.
The 1st arrondissement is one of the most central arrondissements in Paris, but also one of the smallest in terms of surface area. The arrondissement has gradually been emptied of its historic inhabitants, and is now home to commercial premises and businesses. It is very well served by public transport, with the most important Parisian hub being “Chatelet”. Car traffic is not recommended, given the density of traffic at peak times. Rue de Rivoli is car-free.
Aside from its rich cultural heritage (see above), the main attraction is the green spaces, which occupy a significant area: the Tuileries Gardens, the Palais-Royal Gardens and the Halles Gardens.
16 250 residents
€33 000 of median income, nearly higher than the average in Paris
80% of homes were built before 1919. Given Paris’s history, it’s not surprising to find this arrondissement at the very top of the Parisian ranking.
34%
are homeowners
57%
are under 45 years old
55%
have lived here for nine years or less
39%
are families
Construction Years
Number of Rooms
This arrondissement is home to some of the most historic sites in Paris. After draining the Champeaux marshes, the Halles de Paris were installed by Louis VI in 1137 under the name of Marché des Champeaux to replace the 2 existing markets (“Marché Palu” on the “Ile de la Cité” and ‘Marché Central’ on the ‘Place de Grève’). The market grew over the centuries before becoming a health problem in the 1950s. On 14 March 1960, it was decided to transfer the Halles market to Rungis and La Villette.
The history of the Louvre began in the Middle Ages in 1190. Philippe Auguste built a fortress to protect the royal treasury from looters. Under Charles V (14th century), the fortress was transformed into a royal residence. It was regularly embellished and extended by various monarchs before being abandoned in the 18th century for Versailles. It was not until 1793 that the idea of a ‘Central Museum of the Arts’ was born, before Napoleon Bonaparte enriched it for his own glory.
Choisir un arrondissement