Paris’ ultra-luxury housing market is unaffected by the crisis

While prices are beginning to fall in the “regular” Parisian real estate market, this is not the case in the ultra-luxury sector where rates are still rising, according to professionals.

 “In the 6th, 7th, 8th and 16th arrondissements [some of the poshest districts in Paris], prices are in the stratosphere, exceeding €30,000 per square meter for turnkey properties, without any work to be done,” noted Leonard Cesari, associate director of the Mobilis Group.

These are exceptional properties that are not affected by the crisis, provided they meet international standards of hyper-high-end real estate.

Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn

More articles like this

Real estate investment trends for 2024

The real estate investment industry is in a state of constant flux, and 2024 presents both challenges and opportunities for investors. The traditional real estate model has significantly changed, shaped by shifts in user behaviour and

How global megatrends are shaping the future of Commercial Real Estate

The evolving landscape of commercial real estate (CRE) requires long-term investment strategies that take into account significant global forces that can reshape economies and property markets. These forces, often referred to as megatrends, drive technological innovations,

Commercial real estate’s new landscape

The commercial real estate market has experienced ongoing turmoil over the past five years, driven by factors such as fluctuating interest rates, rising vacancy rates—hitting nearly 19.2% in the third quarter of 2023—and rapid technological advancements.

UK property market surges

UK commercial property sales surged by 26% in Q2 2024, contrasting with significant declines in France and Germany. The overall European market showed a slight year-over-year improvement in Q2, dropping only 2%, a rebound from a

The bright future of the commercial property market in the UK

The commercial property market in the UK is experiencing a notable resurgence, reflecting the overall economic recovery and renewed investor confidence. This positive trajectory is characterised by increased activity across various sectors, including retail, office spaces,

Impact of new regulations on Real Estate Market and Compliance

Shifting regulatory frameworks constantly influence the real estate sector, affecting investment strategies and operational approaches. Recent changes have introduced new complexities for stakeholders striving to remain compliant and competitive. In a recent panel discussion, Angela Niering-Wren,