Chef Maxime Bouttier was drawn to the Canal Saint-Martin in Paris as a location for his restaurant due to its affordable rents and convenient travel connections. The area is known for its lower home prices compared to neighboring areas along the Seine. However, rising mortgage rates have made it difficult for younger buyers with smaller budgets to afford properties in the area. Since the European Central Bank began raising interest rates, home sales have fallen by up to 35%. Despite this, the Canal Saint-Martin area remains popular among younger residents, with its bustling atmosphere and a variety of shops, restaurants, and bars. The area is also known for its walkability and the presence of local amenities, including two green spaces. While the increase in popularity has led to some criticism, residents appreciate the vibrant atmosphere and convenient location of the Canal Saint-Martin. Overall, the area offers a unique and desirable lifestyle for those who can afford it.
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