EVEN WITHOUT FOREIGN BUYERS, LUXURY REAL ESTATE IS BOOMING IN PARIS
In luxury real estate, private mansions, apartments with terraces or gardens are the most popular.
(BFM Immo) - Luxury real estate specialist Daniel Féau has just published its figures for the first half of the year. Very clearly it is the "real luxury" that is taking flight. The amount of cumulative sales over the first six months of the year for goods over 3 million euros has grown as never before, with an increase of 151% compared to the same period of 2019 (before the pandemic therefore) .
In luxury real estate, private mansions, apartments with terraces or gardens are the most popular. This quest for outdoor spaces is true for all market segments and a fortiori for luxury real estate. And when you can't find this outdoor space in intramural Paris, you go to the suburbs. The houses of Neuilly, Boulogne, Saint-Cloud, Saint-Germain-en-Laye or Versailles only stay on the market for a few days. Féau tells us that for all these goods, the sales deadlines had never been so short. This dynamism is all the more exceptional and unexpected since it is mainly French buyers who are in the driver's seat, foreigners not yet having really returned.
Return to the privileged districts
As for the privileged sectors in the capital, return to the Parisian districts traditionally preferred over the upscale: 6th, 7th and 16th arrondissement. And it was said that increased attractiveness to the west of Paris, in Neuilly, Saint-Cloud and Versailles, the amount of sales has doubled since the pre-crisis.
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