Monumental Paris continues to be the world's most popular city for tourism, according to the latest Euro Monitor International ranking. It's also the favorite city of the super-rich, those whose assets exceed 30 million dollars, and who number just under 400,000 worldwide.

In Paris, purchases of homes priced over 3 million euros rose by 43% in 2021 and in 2022, the increase was still 14%.

"These acquisitions are no longer just in 6, 7, 8 or the Marais, but also in 10, 19 and 20, which are the new 'arrondissements' of fashion. The high-end market is spreading to all 20 districts of the French capital, each of which has its own Golden Triangle," analyzes Richard Tzipine, vice-president of Barnes, commenting on the study that the consultancy has now released.

"This is the case of the unexpected 9th. It is there, in the Saint-Georges district to be precise, that a large apartment was sold for more than 75,000 euros per square meter. A record for 2022!" - underlines Richard Tzipine, quoted by the Real Estate Gazette.

For decades, the luxury real estate market was limited to a few arrondissements in the west and center of Paris. But, according to the latest Barnes study, "that has now changed"; all 20 arrondissements attract a population of high-income earners who want to own a home in the capital of light. "It's nothing less than a revolution and a sign of a new and probably lasting approach to Parisian life," says the BARNES expert.

According to the expert, "the transformation of traffic conditions in the city center and the abandonment of the car as the main means of transport have a role to play in this phenomenon. Buyers now rationalize in terms of travel time, realizing that they can cross Paris by bus, metro or bicycle in 20 minutes. This has significantly broadened their field of vision."

"What we're seeing, both for French and international clients, is a new way of approaching real estate purchases in Paris," he says.