LES ECHOS
Posted on 04/07/2020Since the beginning of the deconfinement in France, we notice that the prestige real estate market is always on the rise, the activity is even higher than that recorded before the confinement and at the same period last year.
As international customers have not returned, the very high-end segment is less in demand.
However, we note that some sales are made remotely thanks to the virtual visits set up by the Sotheby’s International Realty network. In addition, "the Germans, the Swiss and the Scandinavians, who have already been able to return looking for a haven of peace in France, are replacing the Americans or the Saudis" notes Alexander Kraft, President and CEO of Sotheby’s International Realty France - Monaco.
The prestigious real estate market will continue to rise as Alexander Kraft confirms because, in the coming months, we are awaiting the return of expatriates from Hong Kong, Singapore "They are still stuck in place but are preparing to return. They have budgets of between 5 and 30 million euros. "
Luxury real estate market seems to be escaping the crisis.
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Paris Ouest Sotheby's International Realty, your expert in Paris luxury real estate