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Perspective
23/01/2016
Barnes gives us a tour of the world of luxury real estate, in which Paris and France are ranked among the top
'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 for these wealthy clients, despite a price per square meter of 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.
Paris goes up in the ranking. Paris is in the ranking of the 10 most popular cities. Previously ranked tenth in 2014, it has climbed the ranks up to seventh place in the last years due to the decline of the euro. According to Barnes, the market is up 15% thanks to the return of US, South American, Chinese and Arabian Peninsula (Dubai, Qatar, Doha, Saudi Arabia) customers.
Prices that appeal. Beyond the architectural qualities of Paris, foreigners find that the city is also much more affordable than the other major international capitals, with prices for luxury real estate between €15,000 and € 25,000 per square meter versus €30,000- €70,000 per square meter in London or New York.
Other prestigious cities. International buyers have increased their presence in St. Tropez, Monaco, and Cannes on the French Riviera, as well as in Megève and Courchevel. The French living outside of the country have laid their hands on the following French resorts since Q2 of 2015: Biarritz, Ile de Ré, Val d’Isere, and Meribel.
© Pap.fr - published on Barnes International on 23/01/2016
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