Real Estate

France: Premium class real estate is on TOP again

We have already written that French real estate market slowly but surely shows a recovery lately. The number of buying and selling deals with residential houses and apartments is increasing. But, what is notable, premium class real estate becomes more and more popular.

As the research by Knight Frank company shows, first of all, it can be said about residential objects with the price of 2-4 Million Euro. Also for the first six months of 2017, the houses with a price of more than 8 Million were sold more in comparison with the same period of 2016. And the main regions attracting new buyers are Alps, Provence and, as expected, French Riviera.

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What about numbers directly. For example, 10,380 elite apartments and houses got the new owners for the first quarter of this year – by 66 percent more than for the similar period of the previous year. And all of this we can observe at the same time with a permanent growth of prices for residential real estate in France.

By Knight Frank analysts’ opinion, one of the basic reasons for this “boom” is the win of Emmanuel Macron at the presidential elections in France – a person with high business qualification and reputation.

As well, real estate purchase in France is becoming more popular thanks to rather advantageous conditions as for local citizens as for foreigners – first, low rates of interest.

Not the least of the factors is the fact that France is still the most popular touristic destination, where more than 80 million tourists from around the world come to every year. Therefore, real estate purchase becomes an investment into rental accommodation for travellers.

Are you interested in the premium class real estate in Paris or other regions of France? Address to GlamourApartments agency! We are glad to offer you interesting options of apartments, houses and villas, and to provide legal support during real estate real estate purchase.