In the niche of goods over 4 million euros, annual growth exceeds 40% and promises of sales continue to come in.
The luxury and high-end real estate market is unaffected by the crisis. “2022 was the best year ever, regardless of price segment”, summarizes Nicolas Pettex-Muffat, general manager of the Daniel Féau network. In the niche of goods over 4 million euros, annual growth even exceeds 40% and promises of sales continue to come in. The atmosphere is comparable in the Barnes network, with an overall increase in turnover of 10% in 2022, and several sales exceeding 20 million euros, both to foreigners and to French people. Sotheby’s evokes a jump of 20% of its activity (with openings of agencies).
“This increase is mainly due to an increase in the number of sales because prices are quite stable”, notes Richard Tzipine, managing director of Barnes. This professional notes, however, that on the lower budgets, buyers seek to negotiate more. Nicolas Pettex-Muffat, by Daniel Féau, recognizes…
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