Discover the prices of luxury apartments in France in 2024, with precise figures, market trends and buying advice for demanding investors.
The luxury apartment market in France is booming, particularly in cities like Paris, Lyon, Bordeaux, and along the French Riviera. These exceptional properties attract wealthy clients seeking a prestigious lifestyle and high-end amenities. In this article, we analyze luxury apartment prices in France in 2024, with precise figures and concrete examples.
🏢 1. Definition of a luxury apartment
A luxury apartment is distinguished from conventional housing by several essential criteria.
📍 a) Prime location
An apartment is considered luxurious when it is located in sought-after and prestigious neighborhoods, such as:
- 🏰 The Golden Triangle in Paris (8th arrondissement)
- 🏝️ The Croisette in Cannes
- 🌿 Old Lyon and the Presqu'île
- 🌊 The Port of Monaco
- 🍷 The historic center of Bordeaux
🏛️ b) Architecture and surface area
Luxury apartments are characterized by:
- 🎨 Refined architecture with noble materials (solid oak parquet flooring, moldings, marble)
- 🏗️ An area often exceeding 100 m²
- 🌞 Large windows offering plenty of natural light
- 🎭 A unique character (high ceilings, frescoes, old fireplaces)
💎 c) High-end services
Luxury apartments must offer unparalleled comfort, including:
- 🏢 Haussmannian or contemporary building with concierge services
- 🚘 Private and secure parking
- 🏋️ Gym, spa, indoor pool
- 🏙️ Panoramic view of the city, the sea or an iconic monument
- 🔑 Enhanced security with video surveillance and security guards
Generally, the price of a luxury apartment starts at 1.5 million euros , and can exceed several tens of millions depending on the city and the amenities.
📊 2. Average price of luxury apartments in France in 2024
Here is an overview of average prices per square meter:
| 📍 City | 💰 Average price per m² (2024) | 🏢 Examples of transactions |
|---|---|---|
| 🏰 Paris (Golden Triangle, 7th, 16th) | €20,000 to €35,000 | 250 m² penthouse with Eiffel Tower view, sold for €18 million |
| 🏝️ Cannes (Croisette) | €15,000 to €30,000 | Apartment of 180 m² with terrace, sold for €7.5 million |
| 🌊 Monaco (Golden Square) | €50,000 to €100,000 | Four-room apartment of 150 m², sold for €15 million |
| 🍷 Bordeaux (Golden Triangle) | €8,000 to €15,000 | 200 m² duplex in a private mansion, sold for €3.2 million |
| 🌿 Lyon (Presqu'île, Fourvière) | €7,000 to €12,000 | Haussmann-style apartment of 180 m², sold for €2.5 million |
📈 3. Factors influencing the price of luxury apartments
📍 a) The location
An apartment in the heart of Paris or facing the sea in Monaco will cost much more than a similar property in the suburbs.
💎 b) Exclusive services
A top-floor apartment with a terrace and panoramic views will see its price increase by 30 to 50% .
🏆 c) History and cachet
A property classified as a historical monument or located in a Haussmannian building with an elevator and concierge will have a much higher value.
📊 4. Market trends in 2024
- 🌍 International investors : strong demand from American, Swiss and Middle Eastern buyers.
- 📈 Prices rising in Paris and Monaco : the high-end market remains very dynamic.
- 🌱 Eco-friendly apartments : the appeal of properties with thermal insulation and home automation is evolving.
🏡 5. Examples of recent sales
- 🏰 Paris, 7th arrondissement : A 350 m² duplex with a terrace has been sold for 22 million euros.
- 🏝️ Cannes, Croisette : A 280 m² penthouse with sea views has sold for 12 million euros.
- 🌊 Monaco, Carré d'Or : A 5-room apartment of 200 m² in a residence with a swimming pool has reached 25 million euros.
💡 6. Tips for buying a luxury apartment
👨💼 a) Consult experts
A real estate agent specializing in luxury properties can access off-market properties.
📊 b) Study market trends
Analyzing recent transactions helps to avoid overvaluation.
💰 c) Anticipate additional costs
Notary fees (7 to 8%), condominium fees and property taxes must be taken into account.
🏆 The luxury apartment market in France is characterized by strong demand and prices that vary depending on location and amenities. Investing in an exceptional property remains a strategic choice for buyers seeking prestige and ultimate comfort.
