Up-and-coming Canal Saint Martin in Paris's 10th Arrondissement
By Maria Thermann

Up-and-coming Canal Saint Martin in Paris's 10th Arrondissement

As more and more young creative types are choosing Paris's 10th arrondissement, Canal Saint Martin is becoming a hotbed for property buyers looking for long-term investment. The 10th arrondissement is limited by Canal Saint Martin to the east, Gare du Nord and Gare de l'Est stations to the north and Parc de Belleville to the south. Apartments in this north-eastern Paris district saw price increases of 7.3% in 2017 year-on-year. There are good public transport links with central Paris thanks to the two railway stations Gare du Nord and Gare de l'Est.

The area has a young, vibrant feel, with plenty of wine bars, trendy cafés, galleries, record stores and chic boutiques to make a stroll through Canal Saint Martin a pleasure. The Canal feeds into the Seine and properties along this lovely watercourse fetch the highest prices, often several million euros. The district has featured in films like Amélie for example, its classic Haussmann architecture forming the background to an unforgettable romance. From the nearby Place de la Republique and the Marais, the Bastille and the Parc des Buttes Chaumont, Canal Saint Martin is full of old-fashioned charm and there are plenty of things to do for people buying a holiday apartment in this part of Paris.

Per square metre property in Canal Saint Martin cost 8,622 euros at the end of 2017, which may seem high, but Paris is one of Europe's hottest property markets right now, and this north-eastern district is actually affordable by comparison with the 1st and 2nd arrondissements. Already fully modernised apartments and lofts sell for around 600,000 to 1,100,000 euros in this part of Paris. In the eastern part of Canal Saint Martin lofts and apartments are still being renovated, but a few developers are also starting to build new apartment blocks. Studios with views over the roofs of Rue Du Faubourg start at around 273,000 euros.

The luxury sector of Paris's housing market is booming and many estate agents cite Canal Saint Martin in the 10th district as the next hot spot. The district is still undergoing gentrification, so there are still affordable holiday get-aways to be found and investors in Paris real estate can also look forward to healthy rental yields in this part of Paris. Studios are being let for between 960 euros and 1,300 euros, while one-bed apartments are typically being rented out for between 1,400 euros to 1,900 euros per calendar month. Two-bed room apartments with around 60sqm floorspace are being let for around 2,600 euros per month.

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