Parisian luxury real estate is doing well: the activity is dynamic, thus sales times are reduced and prices are rising. Update on the situation.FRENCH PROPERTY MARKET REVIVESThe Parisian luxury real estate market is booming since the beginning of the year, which pushes prices to new levels. The Parisian high-end property agent Daniel Féau recorded an increase in sales volumes of 32% between January and May 2018 compared to the same period in 2017. Moreover, the average selling time is shortened and...
A RENEWED SALES DYNAMIC IN 2018. AS FOR PRICES, THEY ARE NO LONGER DROPPING BUT IN FACT RISING IN THE CAPITAL. “Optimism”, “Confidence”, “Records”…Vocabulary in the luxury real estate market and particularly in the market for prestigious family apartments has switched to positive words over the past few years. A particularly bright spell confirmed by Daniel Féau, the capital’s luxury real estate specialist. “A combination of a change in the way France is perceived from abroad and increased...
To live in Rue Bonaparte, probably the best location in the Left Bank’s iconic Saint-Germain-des-Prés neighbourhood, is a privilege enjoyed by an envied few. In Parisian collective imagination, Saint-Germain-des-Prés is literary cafés such as le Flore and les Deux Magots, and the politician’s haunt the Brasserie Lipp. The 6th District’s elegant yet bohemian ambiance is perhaps best exemplified in the Rue Bonaparte’s magnificent private mansions, set between the majestic Sénat and the romantic banks...
Founded as a family business some 70 years ago, Daniel Féau is the market leader in luxury real estate in Paris and the desirable western suburbs. Its affiliate Belles demeures de France, managed by Marie-Hélène Lundgreen, is specifically dedicated to an international clientele. Confidentiality, customer service and the quality of their network have made Daniel Féau the field’s most respected and renowned actor. A very dynamic marketDaniel Féau is by far the market leader in the capital’s most prestigious...
With sales achieved within just a few days, almost nonexistent negotiation margins for perfect properties, and a decrease in stock, the luxury real estate market is particularly healthy this year. Despite this, prices on average have not rocketed. While the real estate market overall achieved non-stop records in 2017, the luxury sector continues to benefit from an incredible state of health halfway through 2018. The Daniel Féau network has just published its appraisal of the year’s first semester,...
The luxury real estate market is in excellent health. It benefits from low interest rates, the consequences of Brexit and an enhanced image of France in the eyes of both foreigners and ex-pat french nationals. “In the Auteuil neighbourhood in the capital’s 16th District, the majority of 3-4 bed apartments at prices ranging between 1 and 1.5 million Euro, faultless and at the market price, sell within 48 hours” explains Bruno Vallery-Radot, Daniel Féau agency director in Auteuil. These ultra-rapid...
France’s luxury residential real estate champion Daniel Féau has just opened its 18th agency, a first as it is outside the Paris area. Nicolas Pettex-Muffat, Daniel Feau’s general manager, details the group’s roadmap and shares his view on a Parisian luxury real estate market seemingly unaffected by crisis. Business Immo: As a real estate agency specialised in the luxury market in Paris, are you satisfied by or worried about the appeal of the capital with a price/sqm which has risen above 9000€?Nicolas...
For the first time in its 73-year old history Daniel Féau has opened an agency elsewhere than in Paris and its western suburbs in Aix-en-Provence (13) The capital’s market leader for the sale of classical apartments and luxurious properties often purchased by a wealthy international clientele, Daniel Féau was until now limited outside the capital and its desirable western suburbs to the marketing and sale of chateaux and country estates. The decision to open a licensed agency in Aix-en-Provence was...
1 600 lots, some four years of valuation, 7 destinations for the travelling exhibition…The exceptional sale of the Rockefeller collection required almost equally exceptional planning. It came here, it went there… After an intensive marketing campaign, the Rockefeller collection went on show in Paris on the 16th of March before heading off for Christie’s New York in May. This potential new “sale of the century” as it was heralded could possibly attain 500 million dollars and thus dethrone the Bergé...
Propriétés le Figaro: What is your appraisal of the year 2017?Charles-Marie Jottras - President of the Daniel Féau Group : A hitherto unseen wave of confidence seems to have swept away the wait-and-see attitude, pessimism even, of the past few years, both for our French and international clientele. The low interest rates are of course attractive but it was the election of Emmanuel Macron as President of the Republic that created a dynamic that we have not seen on the market for many years. PlF :...
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