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Posted on 12/08/2020

Covid-19 and French real estate : expectations have changed

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Covid-19 and French real estate : expectations have changed
According to the study conducted in June 2020, by the Properties section of the newspaper Le Figaro, French people's expectations have changed. In fact, the main residence is now a place for family reunions, where memories are built and evolve over time. Julien Breuilh, director of studies, emphasizes that with the confinement, the place of residence sees its function as a refuge reinforced and highlights the stability of the luxury real estate market. 
 

Rethinking the criteria for living:

It is no longer so much the price or the location that prevails in the hearts of buyers, but rather the living environment, with a bright home and outdoor space. Indeed, teleworking has reinforced the need for pleasant living accommodation. In addition, this new way of working has encouraged people to move away from the big cities, as the need to be present in an office is no longer real, and the French consider a life in the countryside, further away from the cities. Thus, whether for primary or secondary residences, buyers are looking for proximity to the sea (61%), the countryside (38%) or the mountains (10%).

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