At the end of this year, the Mobilis Group teams share their expertise with you by presenting the real estate report for the year 2022.
Transactions remain equivalent in volume and value in the second half of 2021.
Prestige real estate is growing, and the Paris market is stabilizing and showing good signs of growth, thanks in particular to the return of foreign clients.
Other reasons for this market stabilization were:
- Strengthening liquidity in the market
- The search for investments in real estate to the benefit of the financial markets
- ECB's key rate still low
- Growing international interest in Paris: Brexit, dollar, fashionweeks, fairs, 2024 Olympic Games...
- The dynamics of the high-end market with quality properties, turnkey: beautiful addresses, beautiful views, ...
For this first semester, the Mobilis Group sold 28% of properties above 3M€.
The average basket of our clients was 2,1M€ and the average price per m2 was 14 727€.
All in all, the dynamics of this semester were very good as demand remained higher than supply.
A market that is beginning its rationalization with a rebalancing of the balance of power in favor of buyers and a consistent leveling of prices.
At the same time, the market for exceptional properties (flawless and renovated) is proving resilient and growing.
- A two- or even three-speed market
- Rising inflation leading to higher interest rates
- Retractions observed (uncertainties, refused credits)
- Soaring raw material prices impact goods with work
- Growing uncertainty (especially geopolitical)
- The need for a safe haven that pushes towards "prime" assets. Stone is favored over other investments.
- A scarcity of exceptional properties for sale
The outlook for 2023 is for a continuation of this market rationalization.
The trend is towards a bear market where buyers are taking over. But a market that remains liquid insofar as :
- A lot of liquidity is still present in the market
- Stone remains a first-rate refuge value
- Owners will have to adjust to the reality of the market.
However, flawless properties are an exception. Their marketing period remains very short.
- Liquidity in the combined market
- The exceptional health of certain sectors of activity
- Growing attractiveness of Paris
In short, the Parisian high-end real estate market is moving at two or even three speeds.
- The market for used goods, known as "classic", regularly leads to negotiations and their marketing times are currently long.
This is why it is necessary to obtain a fair estimate and a perfect control of the sale process.
- The market for quality properties in historically luxurious neighborhoods but also in districts undergoing rapid change.
The buyers are an international and French clientele (Brexiteers, expatriates in the broadest sense, new fortunes from the world of Tech...).
They have their own search criteria and seem less inclined to compromise.
- The hyperluxury market concerns exceptional properties.
This clientele is looking for confidentiality, intimacy, and the rare pearl: a private mansion, an exceptional address, a panoramic view...
For this market, the sale price responds to the law of love and very often reaches records. We find very "top of the range" services and systematically the luxurious districts of the capital.
The Mobilis Group has been a recognized expert in the high-end Parisian real estate market for 20 years.
You have a real estate project to realize?
Contact our team at 01 47 20 30 00 or at infos@groupemobilis.com.
