Preferences Preferences To safeguard0
Contact us
Paris Ouest (Paris 16ème - Victor Hugo)
Sotheby's International Realty
Paris Ouest (Paris 16ème - Auteuil)
Sotheby's International Realty
Paris Ouest (Paris 17ème - Etoile Monceau)
Sotheby's International Realty
Paris Ouest (Neuilly-sur-Seine)
Sotheby's International Realty
Paris Ouest (Hauts-de-Seine - Yvelines)
Sotheby's International Realty
Paris Marais
Sotheby's International Realty
Send an email

Preferences

Currency

My research
  1. Home
  2. >
  3. All news
  4. >
  5. Press
  6. >
  7. The luxury real estate market and the covid-19 crisis
Posted on 05/20/2020

The luxury real estate market and the covid-19 crisis

BFM Immo

Share this link
The luxury real estate market and the covid-19 crisis
The luxury real estate market was very active across France until the announcement of the
containment. Alexander Kraft, President and CEO of Sotheby’s International Realty France –
Monaco, underlines in this interview published on April 17 on BFM Immo.
Indeed, the dynamism has been stopped dead and the recovery will take in two phases as
announced by Alexander Kraft.

He recalls that the past few years have been record years for the luxury real estate market in
France and especially in the French capital, and 2020 promises to have the same success.
The market didn’t completely collapse but it only shrank. The means put in place by
Sotheby’s International Realty France – Monaco still allow you to keep in touch with buyers
and take virtual tours. Alexander Kraft is betting on a two-step recovery. At first, at the end
of the confinement “We will probably see a real explosion of the activity, the real estate
players will endeavour to complete all the transactions which were prepared with March 12
and which were only waiting for a signature and a move”. Then, in a second step, the CEO of
Sotheby’s International Realty France – Monaco plans for a slower negotiation to materialize
“In my opinion, everyone will first try to orient themselves and reorganize themselves in the
new realty that is ours. Consequently, the results of these new transactions will probably not
be seen until after the start of the 2020 academic year.

Click to discover the article.

Paris Ouest Sotheby's International Realty, your expert in luxury real estate in Paris
The latest articles
Artificial intelligence and new fortunes: A direct impact on Paris luxury Real Estate
Read more
Artificial intelligence and new fortunes: A direct impact on Paris luxury Real Estate

Artificial intelligence (AI) is transforming the global economic landscape at unprecedented speed. According to CB Insights, nearly 500 AI-related unicorns  companies valued at over $1 billion currently exist, with more than one hundred founded in just the past two…

Read more
Maison & Objet Fair (September 4–8, 2025): an immersion into luxury, exceptional real estate and sustainable lifestyle
Read more
Maison & Objet Fair (September 4–8, 2025): an immersion into luxury, exceptional real estate and sustainable lifestyle

From September 4 to 8, 2025, the Paris Nord Villepinte Exhibition Center will host the “Autumn–Winter” edition of the iconic Maison & Objet fair, a must-attend event for professionals in design, decoration, and high-end real estate. Prestige real estate as a…

Read more
Hidden gems: the most beautiful country homes in the heart of Paris
Read more
Hidden gems: the most beautiful country homes in the heart of Paris

Far from the hustle of the main boulevards, tucked away behind discreet alleys or classic Haussmann façades, lie serene retreats from another era — carefully preserved, elegantly renovated, and magnificently enhanced. In a recent feature published by AD Magazine, five…

Read more