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.
It's confirmed. The real estate market luxury is indeed left on top speed, according to the network of real estate agents Barnes luxury that revealed its figures of 2015 January 21, 2016.
The volume of transactions in 2015 is looking good for an amount between 730 and 750 billion euros, after two gloomy years in 2013 and 2014. A view shared by one of the competitors Barnes in real estate Sotheby's prestige in the person of its Director General Alexander Kraft -Monaco France: 'In particular since September 2015, we noted a return to normality in the high-end market. Our sales volume for Q4 2015 is over 165 million euros, or more than 157% the same quarter 2014. '
All professionals in this segment observed a return of French expatriates investors (or not), non-residents and foreigners. The upscale French as international markets have benefited. Foreigners, especially the Anglo-Saxon, the fortunes of the countries of the East, the Middle East and China rely again on France. For their part, the French non-residents also turned their investments to their countries of origin, but not only. 'The French investors are becoming more mobile, shade president Barnes, Thibault de Saint Vincent. They globalize their sites and buying form where heritage opportunities with high return potential and resale of surplus value. '
A reality check on prices
Unsurprisingly, London and New York are the two most preferred cities by the purchasers. 'These are safe bets for excellence internationally,' says the president of Barnes. Following Asian cities (Hong Kong, Singapore and Shanghai) and Miami and Paris. 'Miami and Paris earn tickets to the Geneva expense coming out of the top 10, partly because of the disappearance of bank secrecy,' Thibault analysis of St. Vincent. The reason for this renewed interest in two words: prices. This is also the main driver of restarting the luxury real estate activity.
'Sellers realized after 7, 8 years they required too high prices. In Saint Tropez, villa was recently sold to three million euros, while its price originally amounted to 20 million euros. The market was blocked, 'says Richard Tzipine, CEO of Barnes. 'Prices will also streamline in luxury,' says the president of the network. This sobering prices has helped revive the prestige activity. 'Transactions are only subject to the condition that the prices are realistic with a great choice for buyers and sellers increasingly flexible in their negotiations,' adds his side the CEO of Sotheby's.
The seats of choice in 2016
This factor has played in Paris and particularly in the countries of southern Europe (Portugal, Spain, Italy), marked by the financial crisis, and therefore the corrected price. 'We observed the importance of arbitration in our customers buy the right time and the right place. The business sense is never far away, real estate is considered an investment. And I tell you, in 2016, you have to buy in Paris ', asserts Thibault de Saint Vincent. The president of Barnes bodes strong gains in recent years. Indeed, prices in the French capital have evolved only 1% between 2012 and 2015, while they were up 30% in New York, Miami 40% and 42% in London. Transactions recorded in Paris in 2015 grew by 15% (38% on the only network Barnes), while at the same time they fell 10% in London. Moreover, in the eyes of foreign buyers, the rise of the dollar against the decline of the euro has played for Paris. Barnes and officers have faced 'a surging past six months a client of the Arabian Peninsula and China' came in search of a foothold in the city of light.
Another country where betting in 2016: Portugal and particularly its capital, Lisbon. 'The price per square meter is two to three times cheaper than in London or New York. Property with sea views sell of 1500-2500 euros per m². Once renovated, the added value to be drawn is very interesting, the m² euro reaching 5000-6000, 'the president of Barnes. For fans of the resort, Barnes will also vouch for Mauritius, Saint Barth and Los Angeles and Miami. For those who prefer France and its soil, Biarritz, Lyon and Megève.
Caution, this does not yet mean that New York and London are especially to abandon in 2016. They will surely be a little less coveted their prices remained high, but they are safe bets. And thus occupy choice places in real dreams of wealthy buyers.
BARNES, the luxury real estate group with a global network of offices and 600 consultants, has acquired a majority stake in the high end property consultancy Hanover Private Office, from founder Alex Newall and co-director Nick Wiszowaty.
Barnes President, Thibault de Saint Vincent announced the exclusive partnership with Hanover Private Office.........
23/03/2017 | Barnes International | 1079 vus | 0 com.
4 Stunning Sunny Properties Near the Beach
BARNES features a wide variety of properties, and this week saw quite a few awe-inspiring properties near the beach for sale and for seasonal rental. Here is a roundup of BARNES' 4 best sun-bathed properties of the week.......
06/07/2016 | Barnes International | 2425 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.........
24/05/2016 | Barnes International | 2194 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.
Paris is now the 7th most attractive city in the world for the ultra-rich, ie, those.........
23/05/2016 | Barnes International | 2986 vus | 0 com.
BARNES Marrakech gets a website
BARNES is pleased to present its new website, created for BARNES Marrakech.
Continuing its international expansion, BARNES chose to partner with a local partner with recognized expertise: the agency 'Immobilier International.........
23/05/2016 | Barnes International | 3085 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?
BARNES offers a historic home designed by Philippe STARCK, with an exceptional environment at the heart of the Ile St Germain. Playing with symmetrical staircases, columns and volumes, double height, the house opens.........
09/05/2016 | Barnes International | 4350 vus | 0 com.
Carlos Cruz-Diez exhibition
Sharing with its international clients its appeal to the excellence and uniqueness, BARNES, luxury real estate leader, offers art exhibitions in its offices. Today, one of the most important figures of kinetic art, the Franco-Venezuelan artist Carlos Cruz-Diez, is hosted by Barnes in its agency rue du Faubourg Saint-Honoré (Paris 8th).........
02/05/2016 | Barnes International | 2596 vus | 0 com.
BARNES signs an exclusive Franco-Russian partnership with Kalinka
The President of BARNES, Thibault de Saint Vincent, and the President of the Board of Kalinka Group, Ekaterina Roumyantseva, formally announced their exclusive partnership. Founded in Moscow, the joint venture aims to support Russian buyers in their search.........
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 | 4061 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.