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High-end real estate resumes strong after the crisis

2020-06-18T19:32:10.150Z


After a halt, the market is recovering, even if the absence of foreign customers is felt.The high-end real estate market has not escaped the crisis. When the confinement was announced, the stop was brutal. The visits have dried up, the offers too. A number of pending cases have not survived the economic downturn. But since May 11, the rebound is clear in Paris and in the western crescent. Buyers looking for luxury goods and ready to put more than a million euros on the table are back ...


The high-end real estate market has not escaped the crisis. When the confinement was announced, the stop was brutal. The visits have dried up, the offers too. A number of pending cases have not survived the economic downturn. But since May 11, the rebound is clear in Paris and in the western crescent. Buyers looking for luxury goods and ready to put more than a million euros on the table are back and are making offers again. "We have the impression that customers are making up for lost time , " explains Thibault de Saint-Vincent, president of the Barne s luxury real estate network .

Read also: After confinement, desires for houses with gardens

Since the end of containment, the supply of high-end goods has increased sharply. The time may seem right to sell when the economy is still largely supported by public authorities and the consequences of the crisis are not all known. However, this return of supply does not really weigh on prices, because demand remains extremely strong on

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Source: lefigaro

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