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Reports regarding the evolution of the real estate market have been numerous. They do not, however, always correspond with what we are experiencing in the field in our different sectors.It therefore seemed appropriate to share our observations, comparing the number of transactions achieved by our agencies within three price ranges: (transactions at prices ranging from 750,000 to 2 million euro, from 2 to 3 million euro, and at prices in excess of 3 million euro), and this over the first 4 months of 2019 (pre-pandemic), 2020, 2021 and 2022.2019, a benchmark year (index 100, regardless of the price range) was until then a record year* for Daniel Féau and Belles demeures de France.* In 2019, our agencies achieved 27% of all Parisian sales at prices at between 2 and 4 million euro (i.e. 1.526 billion euro)¹., and 42.9% of Parisian sales at prices in excess of 4 million euro (i.e. 515 million euro)¹. Daniel Féau also sold over 600 apartments and single-family houses at prices ranging...
In a changing market, low borrowing rates no longer compensate for rising property prices. In his economic report dated January 3rd 2022, Laurent Vimont, president of the Century 21 network whose 925 agencies concluded 50,000 transactions over the past year, observes “For the moment, the market is very active after records were broken in 2021". After an atypical year in 2020 penalized by eight weeks of lockdown, record sales indeed, close to 1.2 million and comparable to those achieved in...
While the average price in the capital could drop to below 10,000 euro/sqm, the most luxurious properties are breaking records both in price and in volume. As the saying goes, “ Paris qui pleure et Paris qui rit” ... While the real estate market has been increasingly difficult over the past few months for properties that are less than perfect, or even for those which simply do not benefit from an outdoor area, the luxury sector is more than holding...
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