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France : Prestige real estate is experiencing a strong revival of interest

France : Prestige real estate is experiencing a strong revival of interest

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2021 is shaping up to be a good year for the prestige property market as well as for old property. Renewed interest, price reductions and the appeal of the provinces are all explanations for the vitality of these trends.

 

The trend is confirmed for the year 2021 : prestige properties and old properties are experiencing a new vigour. For the former, it is driven by price falls which, according to the latest Barnes International note, vary from 10 to 15% for prestige properties with defaults, while older properties are benefiting from historically low loan interest rates.

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