Luxury real estate: Paris always attracted

© - published on Barnes International on 23/01/2016

Paris will always remain a preferred destination for the world's wealthiest. The capital is set out in 7th place of the most popular cities in this demanding clientele.

'High net worth individuals' you know? These are the very wealthy. Despite their extraordinary financial scale, they also have a heritage view of their real estate investments. If the pleasure dimension is important in their choice of location, real estate is also for them an investment that should provide a return and possibly a capital gain on resale. In this competition such a customer has a high level of requirement. Barnes book a tour of the world of luxury real estate in which Paris and France are highly ranked.

The most popular cities. In this context, London and New York are the first two destinations of this wealthy clients. Despite a price per square meter is among the highest in the world. Then come three Asian cities, Hong Kong, Singapore and Shanghai. Beijing is also included in the top ten cities searched. Just in front of Zurich in Switzerland.

Paris goes up in the ranking. Paris is in the ranking of the 10 most popular cities. Tenth in 2014 it rose, due to the decline of the euro, in 7th place. According to Barnes, the market is up 15% thanks to the return of a US customer, South American, Chinese and Arabian Peninsula (Dubai, Qatar, Doha, Saudi Arabia).

Prices that appeal. Beyond the architectural qualities of Paris, foreigners find that Paris is also much more affordable than the major international capitals with prices for luxury real estate between 15,000 and € 25,000 per square meter against 30000-70000 € per square meter London or New York.

Other prestigious cities. International buyers have risen sharply in St. Tropez, Monaco and Cannes on the French Riviera, as well as Megève and Courchevel. The French non-residents for their swooped on Franco-French resorts since Q2 2015: Biarritz, Pyla, the Ile de Ré, Corsica, Val d'Isere, Meribel ...

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