10ème arrondissement - Entrepot Property Insight

Canal Saint Martin

The 10th arrondissement of Paris, also known as the Enclos Saint-Laurent and the Entrepot, is a kind of bridge between the 9th first arrondissements and the 10th following ones. As a matter of fact, it shares borders with central and posh arrondissements, and at the same time with more residential and suburbia districts. In the north it shares borders with the 18th and 19th arrondissements, in the east with the 11th, in the west with the 9th, and in the south with the 2nd and 3rd arrondissements.

The 10th arrondissement was integrated to Paris city in 1859, when the number of districts increased from 12 to 20. Before that date it was a faubourg, a suburb, mainly an industrial area. Owing to its location, not far from the centre, and to its fairly low property prices, the 10th arrondissement is a good place to invest if you want to live in the capital city but cannot afford €7,000/sq m. Moreover, the 10th arrondissement is also

Nowadays, the arrondissement is famous as it displays two major railway stations, Gare du Nord and Gare de l’Est. The area is very different according to the quarters; let’s have a closer look at the four administrative quarters of the district:

• Quartier Saint-Vincent-de-Paul: it is the richest quarter of the district as it belongs to the upper middle class. The two railway stations are to be found in this area, as well as the former Saint Laurent market place.
• Quartier de la Porte-Saint-Denis: along with the next one, it is the industrial and commercial area of the district. It is characterized by the production of crystals and porcelains. The Boulevard de Strasbourg and the Passage de Brady are the interesting places to visit.
• Quartier de la Porte-Saint-Martin: it is an interesting quarter to visit, but it is above all an industrial and trade area. The town council is to be found in the quarter, as well as some interesting architectural monuments, such as the Saint Laurent church, or the Renaissance theatre.
• Quartier de l’Hôpital Saint-Louis: the quarter is named after its hospital, built during the 17th century by Henri IV. The quarter is very pleasant thanks to the Saint Martin canal, which gives to this area of Paris a Holland likeness.

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10ème arrondissement - Entrepot Immobilier & Property Market Trends

As already mentioned the 10th arrondissement is a good alternative if you want to live in the centre of the city but cannot afford it. With €5,700/sq m in 2009, house prices are lower than the Parisian average (€7,024/sq m). However, property prices are not even in the district and depend on the quarter you are living in. Have a look at the following table to see the difference between quarters.

As expected, the most expensive quarters are the southern ones, as they are closer to the centre of Paris. Moreover, it is where the Saint Martin canal is located, which makes the area even more sought after (house prices can even reach €7,000/sq m in this area).

As far as rentals are concerned, prices are also lower than the Parisian average (€22.37/sq m/month, while the Paris average is €26.55/sq m/month). Which is a good piece of news if you are willing to rent a flat, and also if you are willing to let your property, as demand will always be high.

To get updated info about the property prices in Paris, please browse our French Property Market Reports published in the News Section every month.

Characteristics of the 10ème arrondissement - Entrepot

• Transport facilities: for British people, the 10th arrondissement is probably the easier to reach as it includes the Gare du Nord, which is the railway station where the Eurostar arrives. The underground network is also well developed in the district, as 9 lines (2, 3, 4, 5, 7, 7bis, 8, 9 and 11)run through the area, connecting to the centre of Paris and the other arrondissements.

• Canal Saint-Martin: it is a 4.55km long canal running through the 10th and 11th arrondissements. At the origin, it was created to provide Paris with drinking water, but nowadays, it connects the Bassin de la Villette to the Parisian marina, the basin de l’Arsenal. It was built in 1825 and displays 9 locks and 2 bridges. For many Parisians it is a small piece of heaven, above all on Saturdays afternoons and on Sundays, when the area is totally car-free. There are many restaurants and nice pubs along the canal.

• Pubs and restaurants: the 10th arrondissement has enjoyed the benefits of the booming night life scene in the neighbouring 11th. If you like going out in pubs and restaurants, anytime during the week and week end, then the 10th arrondissement is one of the best places to live in Paris. There are two main areas dedicated to nightlife and entertainment: the Saint Martin canal, and the Place de la Republique.

• Palais des Glaces: it is also called the « temple of humour », as it welcomes humorist shows all year long. It is located at the 37, rue du Faubourg du Temple, and is composed of two theatres.