The Latin Quarter is famous for the Sorbonne University, the Pantheon, its “bouquinistes” (traditional book stalls) along the Seine, and its jazz clubs.
There is a maze of medieval pedestrian alleys around St Michel and rue Moufftard, as well as around the streets of Saint Jacq ues and Saint Germain. This area also has lovely green spaces, Jardin des Plantes and Jardin du Luxembourg, which provide a haven from the general liveliness in the area.
It has a village atmosphere with a mixture of students, professionals, commerce and tourists. With an overflow of restaurants , bars and bookshops, the 5th is ideal for anyone, families and individuals alike, wanting to be in the hub of things and live in the 5th arrondissement of Paris, but be aware it is often crowded with tourists during the summer months. The beautiful Mosquee de Paris and the Institut du Monde Arabe, with their inspiring North African cultural influences, add a cosmopolitan touch to the area.
Looking to invest in Paris 5th arrondissement ?
Apartments are generally older and, although highly sought-after, are not unaffordable for those wishing to buy an apartment in the 5th arrondissement of Paris. More recent developments can be found in the quieter residential areas further south and towards the Jardin des Plantes. While larger apartments can be found on the main arteries, and although apartments with a view of the Seine and Notre Dame are possible to find, they are scarce on the market.
The mean price per m² in the 5th arrondissement is around 10 878€ *, with price ranges varying greatly per area. The most expensive street being Rue des Ursulines (13 304€/ m²) and the least expensive is Boulevard de l’ Hôpital (8 441€/ m²)*. The Chambre de Notaires de Paris notes that real estate prices here rose by +2.3% in the fourth quarter of 2016, and overall have risen by +1.4% in the past 5 years. This constant rise is an indication of the excellent investment opportunities for those wanting to buy an apartment in the 5th arrondissement of Paris