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Sotheby’s: French luxury real estate is not in crisis

Sotheby’s: French luxury real estate is not in crisis

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Despite the complicated global economic situation, the war in Ukraine and inflation, luxury real estate in France had a record year in 2022.


The luxury real estate does not know the crisis, what the actors of the market did not expect. Sotheby’s International Realty, the world leader in luxury real estate, has just published its results and it is clear. The year 2022 was great, much better than 2021, which itself was already higher than 2020.


With a record sales volume of 1.61 billion euros, we have once again surpassed the historic record results of 2021. (…) These results are above what could be expected and show that the prestige real estate market remains a safe haven and an alternative investment in difficult times,” said Alexander Kraft, CEO of Sotheby’s International Realty France-Monaco.

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Nearly 1,000 high-end sales were made by Sotheby’s International France-Monaco group agencies. The average price of a sale was 1.67 million euros, up 15% compared to 2021. This growth is due to record transactions, with strong demand for exceptional properties in the provinces and in Paris, as well as the return of international buyers. The network’s French agencies generated total revenues of more than 1.6 billion euros, 11% more than the previous year.


Paris and all of France


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Featured photo : ©Sotheby’s

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