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Real estate: the regions are turning the tables on Paris with the health crisis

Market analysis

14/12/2020

2020 in the world of real estate, although chaotic with its one hundred and two days of lockdown, should nonetheless close with a total of at least 960,000 property transactions, maybe even 990,000, according to the estimations of the French High Council for the Notarial Profession (Conseil supérieur du notariat, CSN), published Thursday 10 December. A respectable result, and not far off the record 1.06 million achieved in 2019.

French Newspaper Le Monde has published an article based on the BARNES study on “new property lifestyles”, citing figures and forecasts from the CSN.

[...] Based on a survey of its clients, BARNES has found that the health crisis has prompted 45% of them to rethink their property situations and gives the example of a couple looking to sell their 1,292 sq ft property in the Marais area to buy a 538 sq ft pied-à-terre in the same neighbourhood and a country house an hour from Paris. A concept BARNES refers to as a “semi-primary residence”. [...]

© Le Monde - published on Barnes International Realty on 14/12/2020

Read this article in its integrality by clicking on the following link:
https://www.lemonde.fr/economi...