Paris: Pigalle has become the “melting pot” of the French capital city

Paris: Pigalle has become the “melting pot” of the French capital city

The neighbourhood has made a virtue out of its defects

The Moulin Rouge is a tourist neighbourhood in the Paris district of Pigalle. It is known for being the birth place of can-can dance, for its cabarets painted by Toulouse Lautrec and Picasso, for its vibrant – but sometimes sordid – nightlife.

The Pigalle has not lost its dark side, but it has made a virtue out of its defects and becoming an interesting real estate investment destination. Its late-night atmosphere has become its main attraction. It is like a little village in a chaotic city, a bohemian refuge where artists who earn their livings in the street, new middle class people and respectable families live together. Musicians, painters, doctors or lawyers, bohemians or middle class people, young and old people, singles or families share their lives in one of the most heterogeneous neighbourhoods in the capital city.

The Pigalle is the “melting pot” of Paris. The real estate market is very rich and very active. It is the gem of the district of Montmartre in the 18th arrondissement. It is the neighbourhood with the most vibrant real estate movement in Paris and with the highest rate of sales in the city.

The neighbourhood is the cheapest one in Paris. Burlesque theatres mix with bourgeois buildings. Big apartments offer views over the busy street. Prices, here, range between 7,000 and 9,000 €/sq.m. depending on the floor on which they are located and the view they offer.

Abbesses is the most sought-after area. Buyers, here, are represented by high-budgeted lawyers and doctors and young artists who enjoy the cultural vitality of the streets. Abbesses is located on the top of the hill of Montmartre and preserves the essence of rural life of yesteryear. It is like a little village inside the metropolis, which makes the neighbourhood one of the most demanded areas in Paris. The demand, indeed, overcomes the supply. Prices for studios and 20-to-40 sq.m. apartments are comprised between 9,000 and 13,000 euros per square metre.

Read also:

Real Estate Listings

Cod. 32544

For sale Development Property, France, Haute-Vienne, Gajoubert, aerodrome

70,626.00USD
For sale
Development Property

4000 m²
Sale of building land in an aeronautical village, on a private airport in the Limousin. This project is aimed at aviation enthusiasts, in a bucolic...
Cod. 32538

For sale Other (Residential), France, Nice, Nice, 675 ave des caroubiers viilefranche sur mer

8,239,700.00USD
For sale
Other (Residential)

650.32 m²
a beautiful luxury house for sale in France/nice , please contact me for more info thank you
Cod. 32019

For sale House, France, Gard, EUZET, La Boze

706,260.00USD
For sale
House

1200 m²
You want to create a guest house and your friend a catering lab with reception hall or a small production line with commercial premises, or ...... You...
1 / 61
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB