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 market : A new geography takes shape
Posted on 02/12/2021

Real estate market : A new geography takes shape

Challenges

Share this link
Real estate market : A new geography takes shape
Because of the sanitary crisis, provinces cities are all the rage. Between 2019 and 2020, the share of household living in the capital and having bought a principal residence outside of Ile-de-France has been multiplied by two, going from 5.6% to 11.8%.

Buyers have increased their field of research in a radius of about 30 kms around the city of their choice. They also choose among the cities of less than 100,000 inhabitants preferred by the French, Cherbourg-en-Cotentin being head of the list. Prices are far more interesting. They favor houses with garden rather than those with an extra room. “French people have had two reflexes: invest money and improve their way of living” Alexander Kraft, president of Sotheby’s International Realty France-Monaco explains.

Regarding the buyers, there are not only those with comfortable incomes who have wanted a better quality of life. Indeed, there are two types of buyers: the digital nomads and the freelancers who have no pressure in terms of jobs or children, and the executives who can telecommute. “Those who had the money took advantage of the absence of foreigners to buy properties at a price between 5 and 20 millions of euros in front of the sea” adds Alexander Kraft.

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