The high -end Paris , which stalled in 2013 , returns to the good results at the beginning of the year.
( LaVieImmo.com ) – After dropping the upturn. Daniel Féau network notes lower prices in Paris in 2013 by 9.8% in the segment above 2 million apartments ; sales falling at the same time 7.5 % . The French market has particularly accused shot at the end of 2013 : Sotheby ‘s International Realty , there were only 87 transactions in France, for a sales volume of € 81 million. ” Never seen for 10 years ” in February supported the CEO of Sotheby’s France , Monaco , Alexander Kraft .
And while the international market continued its momentum : prices rose 8.20% last year in London and 10 to 20% overseas. Maintained by the attractiveness of the Silicon Valley, “the San Francisco market has seen its sales over a million dollars to grow by over 60 % in 2013 , prices progressing to their 17% share ,” says does it in Daniel Féau .
With the exception of the capital, in the traditional markets of luxury , only Hong Kong has seen its growth slowed last year . Boasting the fifth largest price increase ( 9.70 %) , the stronghold of Asia has seen its sales fall by 15%. Phenomenon is explained by the introduction of a tax on the transfer , designed to cool a market where the risk of a bubble was becoming louder.
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However, the steam seems to be reversing in Paris since the beginning of the year. Between March 2013 and March 2014, the turnover of Daniel Féau increased by 106% , a “consecutive tendency to return to foreign buyers who renounced their acquisition for two years and we see today back , mainly because they are attracted by lower prices , “says the network. Thus, according to Lux- Residence.com , 36% of individuals who intend to buy a prestige within two to come are not French residents. But they were only 22 % a year earlier .
Daniel Féau these buyers ” also finally built they were concerned at the margin ” by higher taxes. As for nationals, they ” return to the Parisian market did not offer long enough exceptional combination of such a plentiful supply at prices which declined sharply , all in a context of very low interest rates ” concludes the network.
