Luxury real estate in France continues to gain momentum, and not only in Paris
Posted on 03/16/2020
Luxury real estate in France continues to gain momentum, and not only in Paris
AFP
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As this AFP article published on January 23rd 2020 confirms, the luxury real estate market in France has been booming for several years and remains very dynamic.
2019 was a great year in the capital for specialists in luxury real estate such as Paris Ouest Sotheby’s International Realty, with properties valued at over a million euro still finding buyers.
The luxury real estate market is turning over more and more money year on year, and an increasingly significant wealthy cosmopolitan clientele is in the market for exceptional properties in the French capital. Emmanuel Macron's policies combined with Brexit issues have boosted the real estate market. However, as Alexander Kraft, CEO of Sotheby's International Realty France-Monaco, points out, the increase in activity which could have been even more significant was hampered by the "yellow vest" demonstrations and strikes protesting against pension reforms: "Without these two factors, undoubtably results would have been even better".
In Paris’s 16th arrondissement, around Avenue Foch, luxury real estate in Paris is now unfolding as a two-speed narrative. On one side, apartments with spectacular volumes, inherited from a tradition where space embodied power. On the other, more compact surfaces,…
Analysis of the real estate market around Avenue Foch — Avenue Foch stands as one of the most prestigious residential addresses in Paris. Stretching between Place de l’Étoile and Porte Dauphine, the avenue has long been associated with exceptional residences, where…
