Luxury Paris real estate professionals have smiling again. This market grew by 15% in volume in 2015, according to Barnes International. The group grew faster, since sold, in 2015, 738 in Capital goods (+ 38%), with a price increase of 3.2% on average. 'The Paris market benefits from the return of foreign buyers,' said Thibault de Saint Vincent, president of the group.
The 20% decline in two years of the euro against the dollar whets the appetite of the Americans, who had almost disappeared after the election of Francois Hollande. For the British, Paris has almost become a capital 'cheap': the average purchase price stood at 8040 euros per square meter in October in Paris, while it exceeded 22 thousand euros in the heart of London.
Buyers from the Middle East are also very present. 'For six months, sales are increasing in the neighborhood of the Avenue Foch among a new generation of buyers aged 25 to 35 years from Dubai, Doha, Qatar and Saudi Arabia' Mr. lists of Saint-Vincent. The interest of Chinese buyers is focused, he, on houses with garden in Neuilly-sur-Seine (Hauts-de-Seine).
The stock of goods for sale fell by 35%
Main downside, the segment assets worth between 2 and 4 million euros remains difficult, especially for large bourgeois apartment of the 16th district, not interested foreign customers. However, the demand for housing over 4 million euro is rising sharply. On this market, more than half of the buyers are foreigners or French do not live in France.
For experts Barnes, the Paris market should remain buoyant in 2016. 'Between 2012 and 2015, prices have jumped 30% to 40% in New York, Miami and London, while they have stagnated in Paris, said M . Saint Vincent. For an international investor, Paris is clearly the city where you have to buy right now. '
A vision shared by Charles-Marie Jottras, group president Daniel Féau, another major player in the luxury Paris region market: 'Since the second half of 2015, the atmosphere has changed. The market regained fluidity as buyers have realized that the fall in prices was over and that interest rates could only go up. '
After two years 'poor', Féau sales jumped 36% in 2015. Another sign of recovery, the stock of goods for sale fell by 35% during the second half. This shows that the November attacks have had little impact on sales.
Féau also confirms the return of foreign buyers, which represents one third of its sales. 'For goods of more than 10 million euros, 75% of buyers are not resident in France. But it sometimes comes to French expatriates, 'says Jottras.
Chez Emile Garcin, another significant player in this market, the bell sound is similar. 'After a 20% increase in sales volumes in 2015, we expect a similar increase in 2016, said Nathalie Garcin, executive director of the group. But prices should not go up because the proximity of the next presidential election will create a climate of uncertainty. '
06/07/2016 | Barnes International | 583 vus | 0 com.
Thibault de Saint-Vincent at the 15th Economic Matinale
Thibault de Saint Vincent, President of BARNES will be the guest of the 15th Economic Matinale themed on Heritage & Culture. World leader of luxury real estate, BARNES stands internationally through highlighting the most beautiful cities and regions of France.
During his speech, Mr. de Saint-Vincent specif.........
24/05/2016 | Barnes International | 604 vus | 0 com.
Updates on the luxury real estate market in Paris
In Paris, luxury real estate has never been worn as well. With the decline of the Euro, historically low interest rates and reasonable prices compared to other major European cities, the Paris real estate returns to form.
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23/05/2016 | Barnes International | 789 vus | 0 com.
BARNES Marrakech gets a website
BARNES is pleased to present its new website, created for BARNES Marrakech.
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23/05/2016 | Barnes International | 781 vus | 0 com.
Auction of the house Le Moult, designed by Starck
You are acquiring and looking for an exceptional home in the Hauts-de-Seine?
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09/05/2016 | Barnes International | 1829 vus | 0 com.
Carlos Cruz-Diez exhibition
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02/05/2016 | Barnes International | 678 vus | 0 com.
BARNES signs an exclusive Franco-Russian partnership with Kalinka
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The luxury real estate is back, where to invest in 2016?
The year 2015 has signed the resumption luxury real estate market, according to Barnes branch network. The return to the reality of prices has triggered the French and foreign buyers, income massively on this premium segment. Now that the resurgence is confirmed, what are the areas on which to bet in 2016? Response elements.......
23/01/2016 | Tout Sur Mes Finances | 1042 vus | 0 com.
Luxury real estate: the super-rich return to Paris
Foreign wealthy clientele has made a comeback on the Paris market in 2015, Barnes reveals the network in its annual balance sheet. Falling prices and the foreign exchange effect largely explain this improvement.......
17/07/2015 | Barnes International | 2925 vus | 0 com.
Thibault de Saint Vincent or the art to celebrate the luxury
BARNES, through its excellence and its demands, is the reference in high end real estate for an international clientele. Meeting with Thibault de Saint Vincent, Founder and Chairman of Barnes, leading player of international prestige real estate.