After the health crisis, they benefit fully from the renewed appeal for the countryside and for second homes not too far from cities where they can telework.
With the Covid-19 crisis and containment, more and more people are turning to a more peaceful life, looking for a second home close to Paris for teleworking.
Indeed, this crisis has revived the craze for the ailing market of castles. In fact, real estate agents noticed a desire to return to the countryside and a craving to look for a haven of peace.
In general, the French are looking for a luxury pied-à-terre outside the big cities. "With the development of teleworking, there are much more people, and younger people than before, who are offering themselves a castle, not just as a second residence, but to work part-time from there," says Alexander Kraft, CEO of Sotheby's International Realty for France and Monaco. This development is significant in the Loire region, Brittany and Normandy.
However, sales agents remain cautious, as the cost of maintaining a castle and the investment it requires will not allow a considerable increase in the sale of these prestigious properties.
A hôtel particulier rarely changes hands. When it does, the transaction can run into tens of millions of euros, almost always away from public view. The French daily Le Parisien recently devoted an investigation to this distinct corner of the Paris property market,…
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