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
Paris Est
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
1930s Art deco real estate in Paris: Investing in timeless elegance
Read more
1930s Art deco real estate in Paris: Investing in timeless elegance

As the 1930s began, a new wave of architectural inspiration swept through Paris. Beyond the iconic Haussmannian stone buildings, innovative constructions with sleek lines and modern materials emerged, adding fresh beauty to the city’s skyline. These interwar-era...

Read more
On the Picturesque Connecticut Coastline, Donald Trump and Ivana Trump's Former Residence Sells for 31.5 Million Dollars
Read more
On the Picturesque Connecticut Coastline, Donald Trump and Ivana Trump's Former Residence Sells for 31.5 Million Dollars

Recently sold for $31.5 million by Sotheby’s International Realty, this majestic mansion stands as one of the most notable real estate transactions of the year. This stately property, rich in timeless luxury and elegance, showcases Sotheby’s International Realty’s...

Read more
Luxury Real Estate in Yvelines and Hauts-de-Seine: Trend Analysis for 2024
Read more
Luxury Real Estate in Yvelines and Hauts-de-Seine: Trend Analysis for 2024

The real estate market in the Yvelines and Hauts-de-Seine departments is undergoing significant transformation as we approach the end of 2024. Despite a general slowdown in sales during the first half of the year, the market is showing signs of recovery thanks to a...

Read more