Publications
THE 12 RUE OUDINOT SALE ACHIEVES 35,1 M€
BUSINESS IMMO – THE 23/01/2020
"This exceptional private mansion located at 12 rue Oudinot in the capital’s 7th District was sold for 35.1 million euro in a remarkable sale organised in partnership with Daniel Féau Commercialisation (the Daniel Féau/Belles demeures de France department specialised in institutional transactions). The starting price was 6 million euro. The property rubs shoulders with sumptuous 18th century private mansions, among them the Bourbon Condé hotel which was sold by Daniel Féau to a wealthy foreign...
TREAT YOURSELF TO A COUNTRY HOUSE ... RIGHT IN THE HEART OF FAUBOURG SAINT-GERMAIN
LE PARISIEN - BY ÉRIC LE MITOUARD ON 16.01.2020
An incredibly rare property was up for auction on January 23rd 2020. An abandoned private mansion hidden behind a building which had also stood abandoned for some thirty years in the capital’s 7th District. Rue Oudinot (7th District). The ensemble comprises a building set by the street, an inner courtyard and a period mansion opening onto greenery and surrounded by a number of neighbouring gardens. REAL ESTATE AGENTS consider the property to be exceptional, unique, phenomenal... There...
THE PRICE OF REAL ESTATE ROCKETED IN 2019
LEMONDE.FR – BY ISABELLE REY-LEFEBVRE ON THE 06.01.2020
"Although low interest rates led to a significant rise in prices in 2019, the situation is expected to steady somewhat in 2020. The year 2019 saw the market for old properties leap from record to record, starting with the number of transactions, some 1.059 million according to notaries, which was up 100,000 compared to 2018, representing a 10.4% increase. The Century 21 network’s 2019 balance sheet (902 agencies) published on January 6th indicated a 3.1% increase per sqm for apartments and a...
THE SRU LAW HAS DRIED UP THE MARKET IN THE WEST OF PARIS
LESECHOS.FR - BY MARIE-CHRISTINE SONKIN ON THE 02.01.2020
"The imbalance between supply and demand is growing for family apartments in the west of the capital. How is “luxury” real estate defined? It is customary to speak of "luxury" real estate when the cost of a transaction exceeds 1 million euro. In Paris, 92% of sales are at prices below this figure. In the capital, the "luxury" market represents just 3,000 sales per year, and it is also important to “segment” this market for there is little in common between an asset valued 1.5 million and...
IN PARIS, THE LUXURY MARKET DOES NOT RISK A REAL ESTATE BUBBLE
LEFIGARO.FR - BY JEAN-BERNARD LITZLER ON THE 15.12.2019
"Despite a surge in prices not only for assets worth several million euro but also for “average” housing, professionals are confident that the market is stable. Can a real estate market where average prices have quadrupled in 20 years (according to figures from notaries) really stay in touch with reality? This question, which would appear to be entirely reasonable, has been on the back of the minds of real estate professionals in Paris for many months (if not years). In the city, the notion...
THE THREE-BED FAMILY APARTMENT, THE RARE PARISIAN GEM
LE FIGARO MAGAZINE - BY JEAN-BERNARD LITZLER ON 27.12.2019
"There is a strong demand for family apartments and too little supply to cope with it. The Parisian real estate market, especially for quality assets, suffers from a shortage in supply, it’s no secret. But there is a type of apartment that is even harder to find than one that is flawless yet compact: the classic 3-bed family apartment. As long as it benefits from an optimised floor plan and offers between 130 and 150 sqm of living space, rest assured that it will find a buyer very quickly. "It...
REAL ESTATE: THE PARISIAN LUXURY MARKET REMAINS EXPENSIVE AND RARE
CHALLENGES.FR - BY VIRGINIE GROLLEAU ON 28.12.2019 AT 4:00 P.M.
"Over a year, sales of prices in excess of 2 million euro represent less than 500 assets in the capital. Driven by mortgage rates that have never been so low (1.12% on average excluding insurance and over all terms in November, according to the l'Observatoire Crédit logement / CSA), the volume of real estate transactions jumped by 10.4% in France over a year (according to the Conseil supérieur du notariat) with 1,059 million in sales of old apartments and properties. In the capital however,...
The Parisian market for assets sold at prices in excess of 1 million euro
IS THE PRICE RISE IN PARIS ARTIFICIAL?
Over 12 months, the Parisian real estate market has attained around 20 billion euro in sales, of which around 4.5 billion were for assets at prices exceeding 1 million euro. The latter represents about 3,000 sales in Paris out of a total of 37,000 sales, or some 8% of the market. Assets priced at above 2 million euro represent less than 500 transactions.The Paris luxury market is therefore a relatively narrow market. The average price per square meter in Paris has tripled in 20 years and, according...
A TRUE SHOWCASE OF FAMOUS WRITERS
PROPRIÉTÉS LE FIGARO - 02/08/2018
Located Rue de Tournon in the 6th district of Paris, this cut stone listed building had famous celebrities as guests and owners, including the renowned French writer, Honoré de Balzac. Balzac lived here from 1827 until 1830, staying at his friend’s, Henri de Latouche, a journalist/writer/poet who briefly managed Le Figaro newspaper. Balzac’s masterpieces, including Les Chouans and La Comédie Humaine, were written during that period. Poet Victor de Laprade, who followed Alfred de Musset at the Académie...
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