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 Parisian ultraluxury doesn't know the crisis

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

Le Monde

Share this link
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 ready to use.

These exceptional properties meet international standards: surface area of ​​at least 200 sq. m, terrace, air conditioning and nice view. Buyers are ready to buy a property at the price without negotiation as long as there is no default. On the other hand, for an apartment on the first floor, without a terrace, located in a noisy area or lacking in light, the price is systematically negotiated and revised downwards. This is how the sale of an apartment can sometimes take several months.

On the other hand, in the market for goods under 3 million euros, buyers are more sensitive to changes in prices and loan rates. "Apart from ultraluxury, which is protected, prices are settling for properties under 3 million euros, and the market for this category of property should begin to turn around in 2023”, Frank Sylvaire, associate director of Paris Ouest Sotheby's International Realty notes.

But who are the buyers in ultraluxury? “It is mainly Americans who are buying in Paris today,” Frank Sylvaire explains. The reason ? The exchange rate, which is much more favorable to the dollar compared to the euro, thus allowing American customers to considerably increase their purchasing power.

Click here to read the article

Paris Ouest Sotheby's International Realty, your reference for prestigious real estate in Paris

The latest articles

Real estate: real prices in Île-de-France, city by city
Read more

Real estate: real prices in Île-de-France, city by city

Real estate transactions in the Paris Region fell by a significant 25% in the second quarter of 2023, affecting all cities in the region. This trend is marked by an extension of the average property sales time, from just one month in 2022 to three and a half months...

Read more
France's prestige real estate market to post
Read more

France's prestige real estate market to post "surprisingly good results" in 2023

Despite a challenging economic environment, marked by inflation, rising interest rates, tightened credit conditions, the depreciation of the euro, and the situation in Ukraine, Sotheby's International Realty France-Monaco has recorded surprisingly positive...

Read more