There are many different opinions about the evolution of the Parisian luxury real estate market. Some journalists assume the apocalypse while others remain more optimistic. These major trends are far removed from the reality of the field that we are confronted with every day. Deciphering :
Rising rates or the false catalyst of fears
Dans un contexte inflationniste non transitoire et une hausse finalement mesurée des taux d’intérêt (taux d’intérêt< taux d’inflation), les agents économiques ont tout intérêt à s’endetter le plus possible et le plus rapidement possible.
Parisian luxury real estate or the market of resilience
The equity, bond and money markets have been extremely chaotic since the beginning of the year, despite a proven excess of liquidity.
Stone, particularly luxury stone, is doing well and confirming its role as a safe haven. French and foreign buyers are still showing just as much interest in it, which is taking an increasingly large share of their asset allocation.
Transactions continue but prices adjust down AND up
It is quite rare to observe two radically opposed trends in the same market. It is clear that the Parisian luxury real estate market is moving at two speeds. The defect of a property is severely sanctioned while its intrinsic qualities are even more valued. In particular:
1. Location: This is more than ever the number one factor.
The variation in prices from one street to another is disconcerting. The multiplication of "villages" in Paris, which are extremely sought after, accentuates this phenomenon and extends it to the entire capital.
2. Building: The unique beauty of Paris lies in its architecture. A building of standing with beautiful materials and beautiful common parts with elevator is very sought after.
3. "High floor" is one of the most recurrent criteria in our customers' requests.
4. Brightness: An apartment bathed in natural light will always be appreciated
5. View : If the vis-à-vis is common in Paris, its absence remains a highly sought-after feature.
The icing on the cake: outdoor space. The Covid-19 health crisis has caused a shift in thinking: outdoor spaces are snapped up. A phenomenon that will continue.
This rationalization, which can be described as a two-speed market, is likely to continue. Indeed, it is necessary that owners take the measure of this phenomenon and accept the reality of a market in full mutation.
Because high-end real estate remains a safe haven, an investment for the present and for the future, the Mobilis Group accompanies you in your project whether it is to buy, sell or rent. Contact us at 01 47 20 30 00 or at infos@groupemobilis.com
