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Luxury property market performs well despite Covid-19

Luxury property market performs well despite Covid-19

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While some sectors are still suffering from the impact of the Covid-19 pandemic, other sectors such as luxury real estate have held up well, even shining during this period. An all-time favourite that has lifted the sector in these difficult times.

 

Between confinementscurfews and teleworking, the population has experienced a lot of confinement for over a year. A time for reflection which, for some, has encouraged a desire to change environment, to live these confinements in the open air. Real estate in the countryside is attractive to Parisians and not only to them. “Flats near beautiful avenues, on high floors with exteriors are selling at pre-crisis prices“, underlines Charles-Marie Jottras, president of Daniel FéauConseil Immobilier. The motivation of clients is to improve their quality of life and to take advantage of real estate as a refuge if they cannot invest elsewhere.

 

We have never sold so many beautiful flats as after the crises: the subprimes and now the pandemic,” said Charles-Marie Jottras.

 

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