With its historic Haussmann-style buildings, broad avenues, expansive parks and museums, Paris’s 16th arrondissement has long been home to the crème de la crème of French high society.

Paris’s version of New York’s Upper East Side or London’s Kensington, the arrondissement is steeped in quiet charm of long straight boulevards and its beautiful townhouses, each cut from massive blocks of stone, no more than five stories high and characterized by elegant wrought iron balconies, soaring ceilings and large windows. The most fashionable streets in the north are Foch Avenue, Georges Mandel Avenue and Henri-Martin Avenue.

Though the interest rates are rising slowly in France, it is not expected to impact the luxury market as much as the properties are usually bought in cash. International buyers, especially from the Middle East are back and showing interest in Paris. The demand is steady, and prices have remained at a high level and are expected to stabilize in 2022.