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 property market persists
Posted on 09/04/2021

The luxury property market persists

LE FIGARO

Share this link
The luxury property market persists
The market is obviously not affected by the crisis, stone prices remain very high in Neuilly (between 13,000 and 15,000/m2 ), sales are up 128% in the Yvelines, and some Parisian owners are selling their property to enjoy a quieter life in Versailles or Saint-Germain-en-Laye. Indeed, Sophie Cardon, collaborator of Paris Ouest Sotheby's International Realty agency comments "We are seeing more and more buyers selling their large Parisian flat to exchange it for a pied-à-terre, and moving to Versailles or Saint-Germain-en-Laye. They have realised, with the second containment, that the health situation will not improve in the coming months. Telecommuting has been extended for many of them. ". Also, Courbevoie and Le Vésinet are towns where buyer interest is rising.

In fact, properties with outdoor space. This phenomenon is explained by the suffering felt by the French during the first confinement. The confinement has allowed many buyers to realise their need for space. This is reflected in the figures, with properties with gardens or large plots of land seeing a 10% increase in price, while those with a balcony are up by 2 to 3%. Beyond the outdoor space, the interior also counts. Many buyers opt for an extra room or a larger living room. Also the interest in finding an extra room would allow for a working space such as an office.

With the desire for space following the confinement, a desire for financial security has developed. Indeed, due to the health crisis, the financial markets collapsed and it was difficult to find a safe investment. As a result, many investors turned to real estate. Buying real estate is a way to keep your money safe. Also, many cities are seeing their prices rise, which means that you can invest today and later sell for much more than the base price. "We are witnessing a significant gentrification of this area. Before, the properties in this sector suffered from a discount, as in the Jean-Zay district. But the catching up process is underway, and prices are now barely below €10,000 per square metre," says Pierre Sambron, collaborator of Paris Ouest Sotheby's International Realty agency. These notions can be seen in the 6 to 10% price increase in the towns of Saint-Cloud, Boulogne-Billancourt and Levallois-Perret. This increase is also represented in the Yvelines.

To read the full article, click here. 

Paris West Sotheby's International Realty, expert in luxury and prestige real estate in Paris

The latest articles

Luxury real estate, foreign buyers are back
Read more

Luxury real estate, foreign buyers are back

The luxury real estate market is not experiencing the crisis. Between 2019 and 2022, professionals in the sector have achieved double-digit growth. And between the lifting of health restrictions and the favorable exchange rate for the dollar, foreign investors are...

Read more
Real estate: the Parisian ultraluxury doesn't know the crisis
Read more

Real estate: the Parisian ultraluxury doesn't know the crisis

On the Parisian real estate market, the ultraluxury does not know the crisis. Indeed, prices remain on the rise, unlike those of the top-of-the-range market. In some districts, prices can even exceed 30,000 euros per square meter, provided that the property is sold...

Read more
Sotheby's International Realty: Record results in the third quarter of 2022
Read more

Sotheby's International Realty: Record results in the third quarter of 2022

More than 900 million euros: this is the total number of sales made by Sotheby's International France-Monaco between January and August 2022. The house recorded a record third quarter -something never seen before- with more than 520 million volumes of sales. These...

Read more