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Real estate: in superluxury, rich foreigners boost sales

2022-09-18T09:26:24.704Z


FOCUS - The market for properties over 3 million euros is overheating, particularly in Paris. Soaring credit rates and the war in Ukraine are doing nothing for the moment. High-end real estate continues to show an insolent form. Promises to sell homes worth more than 3 million euros soared in the second quarter of 2022 - by 40% compared to the same period in 2019, according to the luxury real estate network Daniel Féau. This is an increase of 20% for properties from 2 to 3 million euros.


Soaring credit rates and the war in Ukraine are doing nothing for the moment.

High-end real estate continues to show an insolent form.

Promises to sell homes worth more than 3 million euros soared in the second quarter of 2022 - by 40% compared to the same period in 2019, according to the luxury real estate network Daniel Féau.

This is an increase of 20% for properties from 2 to 3 million euros.

“It's completely crazy”,

is surprised Nicolas Pettex-Muffat, managing director of Daniel Féau Immobilier.

Ultra-luxury is now clearly a safe haven for buyers with deep pockets.

"The market is superactive and, beyond 3 million euros, it has completely exploded,"

confirms Richard Tzipine, managing director of Barnes.

Read also

Private hotels, excess and “no budget”: these women in luxury real estate who sell to the ultra-rich

The return of rich foreigners has a lot to do with it, especially in Paris.

International customers, mainly American and Swiss, now take advantage of parity with the euro to do their shopping.

As to…

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Source: lefigaro

All news articles on 2022-09-18

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