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The luxury property market has not experienced a crisis despite the coronavirus pandemic. Nationwide, prices are holding steady on the whole, with the exception of some properties with the added value of a sea view.
According to a barometer carried out by SeLoger.com, the average price of a luxury property is around €1.5 million, with an increase of 1% over the year, while the average price per m² is €8,871.
The absence of foreign buyers has not slowed down the luxury real estate market, which is growing in France. On the Côte d’Azur or the Pacific coast, the price of luxury properties is constantly rising.
In Gironde, there has been an increase of 55%, and 45% in the Pyrénées-Atlantiques. And still according to the same barometer, a luxury house on the seafront with a view of it increases its selling price by 34%.
For those who would not be lucky enough to acquire a house with a sea view, there is still the pool. The value of properties with a pool reaches 16% for a property located on the French Riviera.
By way of comparison, the average price per square meter is €12,300 in the Gulf of Saint-Tropez and €11,460 in Cannes and its surroundings, compared to €13,510 in the Nice area.
At the European level, France also remains the most attractive country for luxury real estate with 33% of searches. Portugal (30% of searches) and Switzerland (28%) are next.
Read also > THE FRENCH LUXURY RESIDENTIAL REAL ESTATE MARKET IS DOING WELL
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The luxury property market has not experienced a crisis despite the coronavirus pandemic. Nationwide, prices are holding steady on the whole, with the exception of some properties with the added value of a sea view.
According to a barometer carried out by SeLoger.com, the average price of a luxury property is around €1.5 million, with an increase of 1% over the year, while the average price per m² is €8,871.
The absence of foreign buyers has not slowed down the luxury real estate market, which is growing in France. On the Côte d’Azur or the Pacific coast, the price of luxury properties is constantly rising.
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The luxury property market has not experienced a crisis despite the coronavirus pandemic. Nationwide, prices are holding steady on the whole, with the exception of some properties with the added value of a sea view.
According to a barometer carried out by SeLoger.com, the average price of a luxury property is around €1.5 million, with an increase of 1% over the year, while the average price per m² is €8,871.
The absence of foreign buyers has not slowed down the luxury real estate market, which is growing in France. On the Côte d’Azur or the Pacific coast, the price of luxury properties is constantly rising.
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