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Posted on 17/02/2020

The Neuilly-sur-Seine realty market

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The Neuilly-sur-Seine realty market
At over 10,000€/sqm, prices in the Hauts-de-Seine department are not a million miles away from prices in the capital’s most prestigious neighbourhoods. Ideally located between La Défense and the Bois de Boulogne, 846 hectares of leafy greenery and the capital’s green lung, Neuilly-sur-Seine attracts more and more buyers. It is now one of the most expensive municipalities in France. A once little town that wanted to be as big as its neighbour...
 

Neuilly-sur-Seine is chic

 

Prices are soaring in Neuilly-sur-Seine, and at 10,344€/sqm it overtakes the capital’s average which is valued at 9,857€/sqm. The capital however holds the records, with significantly higher prices in over 10 districts: 13,658€/sqm in the 7th District for example, or even higher, 21,689€/sqm for Place Dauphine in the 1st District. Beautiful apartments in Haussmannian buildings in the capital are however increasingly rare on the market, and wealthy purchasers therefore turn to Neuilly-sur-Seine.

Neuilly-sur-Seine has over the past few years nurtured its appeal, and superb properties with gardens and luxurious apartments have found new owners. Near the La Défense business district, it attracts executives who don’t want to waste time travelling to work and at the same time can offer their family an excellent public infrastructure and quality schools in a delightful leafy environment.

 

A leafy cocoon

 

In a convenient location on the edge of the capital, Neuilly benefits from a number of other non-negligible attractions. Among them, Ile de la Jatte Island in the middle of the Seine which is particularly keenly sought-after by buyers looking for an exceptional setting. Once appreciated by impressionist painters, it is immortalized by Alfred Sisley’s L’île de la Grande-Jatte which hangs in the Orsay Museum. Monet and Seurat also came here to seek inspiration, and Van Gogh’s La Seine et le pont de la Grande Jatte perfectly captures this island celebrated for its countryside aspect.

It was at the end of the Second World War that the island began to develop as a residential area, and this peaked in the 1980’s.

Despite urbanisation, the island nonetheless preserved its leafy greenery and today boasts 8000 sqm of parks and gardens, and even a golf practice green. It today attracts celebrities and wealthy individuals. With elegant private mansions and luxuriously appointed apartments, the island’s main boulevards offer a range of the best luxury realty to the west of Paris.

The island counts some new-build developments, one of which was marketed by Paris Ouest Sotheby's International Realty and sold for 14,000€/sqm.

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