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November 16, 2018, CannesThe evolution of luxury real estate prices in 2019The evolution of luxury real estate prices in 2019

The luxury real estate market has not been affected by the economic crisis. The favorable financing conditions and the pro-business policies allowed for a growth in the number of rich people. However, according to a recent note published by the Xerfi research company, after a 15% rise in 2017 and a 17% rise in 2018, the trend of the luxury real estate market should slow down in 2019.

According to the forecasts of Xerfi experts, quoted by Les Echos, "Despite the effects of Brexit, the real estate market will slow down (with an average 5% increase per year from 2019) due to a gradual rise in mortgage rates."

 

The main factors that influenced the evolution of the market


The social, political and economical climate, as well as the stock market climate have influenced the French real estate market. The return of an international clientele in the south-east of France and the interest in second homes explain in a way the growth of the luxury real estate market.

Real estate market players are pleased with the favorable market conditions of 2017 and 2018, but they are prepared for a slight decrease next year.

Increased competition for seasonal rentals

If competition remains moderate with regard to the purchase of luxury properties, the real competition is between traditional market players and  platforms like Airbnb, The Collectionist or Onefinestay (partly owned by AccorHotels).

 

Forecast for the real estate market in 2019


Real estate agencies should therefore expect an average growth of 5% per year from 2019. Real estate experts believe that this slowdown in activity will extend to the entire real estate market.

For the luxury real estate on the Côte d'Azur the news is pretty good. There is a real demand for sale or rental of prestige properties in Cannes, Mougins, Valonne ... The excellent conditions offered by the prestige properties on the Riviera and the numerous attractions offered by the life in the south of France, as well as the good prices are the main reasons for this dynamic market.

In addition, the interest of the Northern Europe inhabitants to the luxury goods of the French Riviera also boosted the market. France now ranks third (behind Portugal and Spain) for its attractiveness on the luxury real estate market.

Most buyers of prestigious properties on the French Riviera (Cannes, Mougins, Valbonne) are looking for properties that cost between 2 and 6 million euros, with an area between 250 and 350 m², located near the center and beaches.

If you think of making a real estate investment, according to the opinion of specialists, it is a good time to invest. After all, who would not want to have a luxury home in the south of France as a second home?
December 27, 2018luxury real estate marketFrench destinations preferred by the high-end real estate clientele

If we think about the constant demand for properties in Paris, on the French Riviera and in other regions, we can say that the luxury property market is in perfect health in France. The volume of sales reported by major French real estate agencies is increasing, which means that French as well as foreign buyers (American, Middle Eastern and Chinese) have regained their interest in high-end properties.
There is also another category of luxury real estate buyers that has come to the fore recently: rich French families returning from Belgium, Luxembourg, Switzerland, the United Kingdom and buying high-end homes on the French Riviera.

Wy is the luxury real estate market so successful


For the first time in a long time, the overall evolution of mortgage rates is trending downward. This situation has prompted many French to invest in high-end real estate. "The Macron effect" is still felt internationally and helps foreign customers maintain confidence in the French luxury real estate market. Sales are fast and prices for luxury properties are still rising.

The effect of Brexit on the situation of the French real estate market


In addition to that, Brexit also contributed to the growth of the number of real estate investors in France.

According to Huffingtonpost.fr in 2015, "the British were the first foreign buyers of real estate in France ahead of Belgians, Swiss and Italians. On the national territory, the most attractive real estate locations were the Provence-Alpes Côtes d'Azur, Rhône-Alpes, Languedoc-Roussillon and Ile-de-France regions in 2015. In 2018 the PACA region is moreover in addition to the high-end clientele.

The regions preferred by investors in high-end real estate


South-East France will always be an interesting region for French and foreign investors. Marseilles, Toulon and Nice are the most important cities of the PACA region, which is remarkable for its exceptional natural and cultural setting, and its economic dynamism.

Apart from the big cities already mentioned, there are also other paradisiacal regions that must be seen: for example, Cannes, Mougins, Valbonne are small towns that offer visitors and residents an exceptional environment where you can qdopt  a lifestyle focused on well-being.

Those who are nterested in cultural events can choose from 6000 cultural and sporting events that are organized every year on the French Riviera (festivals, classical music concerts, baroque, jazz, contemporary and classical dance shows, operas, theaters).

Sport activity fans can enjoy the 120km coastline and alpine park, to indulge in water or alpine skiing, windsurfing, jet skiing, canyoning, rafting, climbing, mountain biking, tennis, hiking, hang gliding, paragliding etc.

To buy or rent?


The French Riviera remains one of the favorite destinations for high-end French real estate clients. Under the circumstances, buying a luxury property is more interesting than renting a luxury home on the French Riviera. The beauty of the area, the unique quality of life, and the favorable prices of the properties are arguments that have always convinced our guests.
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