While the prices of apartments in the capital are preparing to go up after two years of fall, what area can you acquire for a budget of 500,000 euros? The borough borough response. © Capital/Freepik – The 19th arrondissement is not one of the most chic and better -served districts by the metro but it is the only one where the price per square meter is less than 8,000 euros. Save save Receive alerts purchasing real estate if you want to make your dream come true to buy an apartment in Paris, it may be now or never. After having jumped almost 25% in 10 years, the average price per square meter in the capital fell by almost 10% between the end of 2022 and the end of 2024, the outbreak of credit rates which forced a number of suitors for ownership to give up their project. But transactions that go back upwards since the start of the year, thanks to the drop in rates, the notaries of Greater Paris already anticipate a rise in prices in the Light City in June. Prices which, despite their diving of 10% in two years, remain very high, at 9,500 euros per square meter on average. This is why the Pretto credit broker based on a budget of 500,000 euros, a net monthly income of 6,800 euros to two, a contribution of 45,000 euros, as well as on a credit rate of 3.37% over 25 years on April 1, to estimate how many square meters a couple can now acquire in Paris, arrondissement by district. Figures far superior to the average budget of a real estate purchase in France, which is more about 250,000 euros, and at the average salary in France, valued at 2,282 euros per month by INSEE. Read also: Real estate: who are these French people who can still buy in Paris? A surface of 61 square meters at best with this very comfortable budget of 500,000 euros and its almost 7,000 euros in monthly income, our couple cannot buy more than 61 square meters in the capital. And again, not just anywhere: only in the 19th arrondissement, which is not one of the most chic and better -served districts by the metro, but which is the only one where the price per square meter is less than 8,000 euros according to the better agent data on April 1. The 19th century is almost the only arrondissement where this couple can hope to acquire a three-piece, this category of goods starting around 60 square meters. In the 20th century, where the square meter is worth 8,096 euros on average, the couple can just afford 59 square meters. Below this area, the accommodation is rather two-room places. This is what the couple will have to resign themselves if it wants to live in the 13th, 18th, XVIII, 10th and 12th arrondissements, where prices exceed 9,000 euros per square meter, limiting the purchaseable area to approximately 55 square meters. At 9,500 euros per square meter, the average price for the whole capital, which is also that of the 11th, XIV and XVE, Madame and Monsieur will have to confine their ambition to 50 square meters. And if they swear by the rue de Rivoli, rue Mouffetard, Le Marais or Saint-Germain-des-Prés, they will have to be satisfied with less than 40 square meters, the average price exceeding 12,000 euros per square meter in the Ier, III, IVE, 5th and 7th. Our service – estimate the price of a property (immediate, free and without commitment) Receive our latest news each week your meeting with real estate news. (tagstranslate) Real estate purchase
What can you buy with 500,000 euros in each district?
