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. Luxury real estate: who keeps buying in Paris and what kind of property?

Luxury real estate: who keeps buying in Paris and what kind of property?

BFM TV

Share this link
Luxury real estate: who keeps buying in Paris and what kind of property?
Between 2013 and 2018, more than 54,000 Parisians have chosen to leave the capital city. These departures have been a bargain for luxury real estate which after a period in slow-motion recovered during the third trimester of 2021, particularly in the field of prestige real estate. But this dynamism is at two speeds.

Indeed, on one hand, you can find flawless properties which are sold at a very expensive price, and on the other hand, “classic” properties which take more time to be sold and can be negotiated. “Our Parisian offices have achieved very nice sales, with high budgets, with French people and foreigners. Type of properties and surface areas don’t lack. On the whole, a property displayed at the real price is sold easily” Alexander Kraft, CEO of Sotheby’s International Realty France-Monaco says. Foreign buyers are not lacking. On the sales achieved between January and September 2021, 2.8% were achieved by Chinese, 3% by Italians and 1.7% by Americans. Regarding the kind of properties wanted by the buyers, millenials highly look for small surfaces, but generally, properties with exteriors such as garden or terrace are the most sought-after. An unobstructed view of a monument is a very sought-after criteria by the wealthiest buyers. On the contrary, dark properties without exterior have difficulties to find a buyer…

The latest articles

A large private mansion sold for 30 million euros
Read more

A large private mansion sold for 30 million euros

Paris Ouest Sotheby's International Realty has completed a transaction for 30 million euros. The property in question? A former private mansion located in the 16th arrondissement, once owned by a business manager who organized charity events there. The new buyer? An...

Read more
This Parisian mansion was sold for 30 million to an embassy
Read more

This Parisian mansion was sold for 30 million to an embassy

30 million euros: this is the price at which a former private mansion from the beginning of the 20th century was sold in the OECD district in the 16th arrondissement. This property, which once housed the Benelux Embassy, was bought by a business manager who finally...

Read more
Luxury real estate: Is the market euphoria really unfazed?
Read more

Luxury real estate: Is the market euphoria really unfazed?

It has been several months now that we see writing that luxury real estate is not experiencing the crisis. Sotheby's International Realty France Monaco has indeed recorded an "unexpected historic record year", with 1.61 billion euros in sales, despite a sharp...

Read more