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Although according to notaries the average prices per square meter in 2021 remained stable in Paris, they have increased by 3.5% in provincial towns and up to 7.5% for country houses and coastal properties. Many have suggested that Paris has fallen out of favour, and that to some extent the provinces are getting their “revenge”. Could it be that simple? Our sales in 2021 (compared to those in 2019, a record year) show a somewhat different evolution in buyer behaviour, and particularly for luxury assets. Taking into account Daniel Féau's market share at prices in excess of one million euro (1) our observations no doubt reflect the reality of the market.(1) In 2019, pre-pandemic and before the very significant increase in our sales in 2021, our Daniel Féau agencies concluded 27 % of all sales in Paris at prices between 2 and 4 million euro, and 42.9 % of sales in Paris at prices exceeding 4 million euro (market source : notaries) The parisian market (Paris and Neuilly) in a...
On Monday 8 November, Charles-Marie Jottras, President of the Daniel Féau Group and Belles demeures de France, discussed the fact that luxury real estate is not experiencing a crisis, in the program Le Grand Journal de l'Éco presented by Hedwige Chevrillon. https://www.bfmtv.com/economie/replay-emissions/le-grand-journal-de-l-eco/charles-marie-jottras-groupe-daniel-feau-l-immobilier-de-luxe-ne-connait-pas-la-crise-08-11_VN-202111080428.html
This market is becoming an investment opportunity for buyers and, for sellers, a response to a downside of longer life-expectancyThe life annuity market, hitherto somewhat confidential since it only accounts for 5,000 to 8,000 sales per year, has over the past three years become an increasingly popular option. New buyers, individuals and investment funds now see it as an investment and savings opportunity, and a growing number of vendors see it as an answer to a need for money."With an increasingly...
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