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. Choosing luxury in Paris
Posted on 12/11/2021

Choosing luxury in Paris

Propriétés Le Figaro

Share this link
Choosing luxury in Paris
With more than 1.555 million deals in France in one year, real estate market is ready to set a new record. It is the same for Ile-de-France and inner Paris. Prices stagnate between 10,600 and 10,800 euros per square meter in the capital city anyway, but the attractiveness of the rates and the easy access to credit allow to purchase a property comfortably.

In these circumstances, luxury real estate keeps being in great shape. “Same as 2020, Paris hasn’t been the most energetic market, but it has well withstood, especially on account of prices which remain stableAlexander Kraft, CEO of Sotheby’s International Realty France Monaco, says.

New trends arise. Buyers have the same budget, but they are satisfied with more optimized surfaces. Small surfaces segment goes well because it interests foreigners who want to purchase a property for their children who come to France for their studies, Parisians who leave the capital to buy a semi-principal residence, or those who want to invest in rental property. On the other hand, family apartments do not interest as much as they used to.

Regarding demand, it rises again in historical areas, and it skyrockets in the West of Paris, from the 16th to Neuilly-sur-Seine, and Saint-Cloud and Versailles. There is also a real enthusiasm for outdoor spaces, which used to be prized by international buyers and nowadays by everyone because of the quarantines and the remote working they provoked. Other phenomenon increased by the Covid period: the double residence Paris / province. Having two semi-principal residences allows to keep your Parisian apartment to have a property as well in the open air. Thereby, prices have more than triple in region. Finally, “Brexit” effect starts to become apparent as many institutions relocate the whole or part of their headquarters in the capital, bringing about a strong demand from the “Brexiters”.

Discover our luxury and prestige real estate offers in Paris: click here

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