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. Real estate : the first trends of 2021
Posted on 01/21/2021

Real estate : the first trends of 2021

LES ECHOS

Share this link
Real estate : the first trends of 2021
Faced with a certain resistance in 2020, will the luxury real estate market know how to adapt to a new year made more complex by the Covid-19 crisis? We are analyzing various hypotheses as certain indices announce the future of the market.

A stabilization of prices

After a surge in sales at the end of the first confinement, the luxury real estate networks are seeing a stabilization or even a drop in prices. In fact, sales become more difficult because sellers are not always aware of the health situation and the real value of their property, resulting in overly high prices and unsold properties. As a result, the Century 21 network believes that sales have peaked and that the market is beginning to decline. Thomas Lefebvre, Scientific Director of Meilleurs Agents, underlines in particular this phase of decline since September.
Nevertheless, although the capital and major cities are experiencing this downturn, other cities are managing to maintain a high pace, such as Lille or Nantes.

A desire to flee to rural areas

The upscale real estate market is being boosted by the new ambitions of buyers looking for a life far from the big cities, in a house in the country. This desire has developed with the increase in teleworking, which suggests the possibility of having a smaller property in the city and buying a second home in the provinces. However, these new desires are seen by some as ephemeral demand while others see it as the beginning of a new lifestyle.
According to a recent study by Liberkeys, a digital real estate agency, in 2021, half of the French want to move to the countryside, while 38% of those surveyed want to move to medium-sized cities. The Orpi network notes some reversals, some people who bought a property after the first confinement already resell their property. This can be explained by a rush to buy or when buyers find a new job that pushes them to move.

More accessible credit

What mainly feeds real estate projects are credits. Indeed, the access to these is easier. This can be explained first of all by a 1.20% drop in interest rates in November 2020 according to the Observatoire Crédit Logement. Also, the High Council of Financial Stability applies new conditions for access to credit. Nevertheless, credit poses a problem because its ease of access during a period of unemployment can cause more financial insecurity.

To read the full article, click here. 

Paris West Sotheby's International Realty, specialist in luxury and prestige real estate in Paris
The latest articles
Chatou: A new haven of elegance and value just outside Paris
Read more
Chatou: A new haven of elegance and value just outside Paris

A fresh wind blowing through the Yvelines Long viewed as the quiet garden of western Paris, the Yvelines region is experiencing a revival in its property market. While Versailles and Rambouillet have undergone price corrections, it is Chatou that’s now capturing the…

Read more
A secret country house in the heart of Paris: Rare opportunity in villa des Ternes
Read more
A secret country house in the heart of Paris: Rare opportunity in villa des Ternes

Tucked away from prying eyes in the sought-after 17th arrondissement of Paris, a charming townhouse is currently on the market, listed exclusively by Paris Ouest Sotheby’s International Realty, a leading expert in luxury real estate in Paris. Located within the…

Read more
The Golden Triangle: Parisian Luxury at Its Finest
Read more
The Golden Triangle: Parisian Luxury at Its Finest

In the heart of Paris’s 8th arrondissement, bordered by Avenue Montaigne, the Champs-Élysées, and Avenue George V, lies one of the most coveted areas of the French capital: the Golden Triangle. This iconic district—synonymous with luxury, refinement, and French art...

Read more