top of page

WORLD OF GADAIT.
MAGAZINE

P1

Radiant Real Estate: Unveiling the Opulence of Luxury in France's Finest Cities

Embark on a journey through the captivating realm of extraordinary real estate in France. A recent study conducted by the distinguished luxury real estate institution, Coldwell Banker, in collaboration with the artificial intelligence-focused startup, PriceHubble, casts a brilliant light on this exquisite sphere.



Discovering Urban Jewels

Nationwide, elite residences, the jewels of the real estate crown, constitute 10% to 15% of total transactions. Coldwell Banker and PriceHubble have meticulously examined 12 cities where the grandeur of luxury properties flourishes. Among these gems are Aix-en-Provence, Annecy, Biarritz, Bordeaux, Boulogne-Billancourt, Cannes, Lyon, Marseille, Nantes, Neuilly-sur-Seine, Nice, and, of course, Paris. These cities are not only the favored showcases of Coldwell Banker, with its 54 agencies scattered among them but also the coveted gems of its counterparts. The study exclusively delves into homes valued between 1 and 5 million euros, leaving aside ultra-luxury, a category for which data proves elusive.


Cannes appartment

Harmony in Trends and Price Brilliance

By aggregating data from all real estate networks for this price range from 2019 to the end of October 2023, the study constructs a barometer of price trends, illuminating these 12 privileged cities. Note that these figures are based on offer prices, providing an insightful perspective on sellers' intentions and price fluctuations. Laurent Demeure, CEO of Coldwell Banker Europa Realty, highlights the uniqueness of this approach compared to transaction figures, which reflect a past reality with several months of delay.


arc de tromph paris

Post-Covid Elegance and Resonances of the Luxury Market

The first dazzling lesson lies in the resilience of the luxury market amid the tumult of the standard real estate market. On average, the Coldwell Banker barometer reveals persistent growth in offer prices in these 12 cities, reaching 2% in 2023 until the end of October, compared to the same period in 2022.

Although exceptional properties are not entirely immune to current waves, the growth in offer prices slows compared to previous years, marked by an increase of 5.4% in 2021 and 7.5% in 2020. Laurent Demeure emphasizes that the luxury market's resilience is attributed to the scarcity of properties, the increased solvency of buyers, and the freedom of sellers who are not compelled to part with their estates.


beautiful house france

Luxury real estate in France unveils a captivating radiance, evolving with grace and distinction in the face of market challenges. These 12 closely examined cities reveal an exclusive panorama of trends and determining factors shaping this undeniably prestigious sector. Between elegance and resilience, the luxury real estate market in France continues to shine, propelled by cities where each stone tells a tale of exceptionality.

Comments


Why Choose
Gadait. International?

✅ Unparalleled Expertise: With years of experience in the real estate industry, we possess the knowledge and insight to navigate the market effortlessly.

✅ Personalized Service: We believe in building relationships, not just transactions. Our dedicated agents will tailor their approach to match your specific requirements.

✅ Premium Selection: We curate a portfolio of exceptional properties that reflect sophistication and elegance, ensuring you have access to the finest options available.

✅ Trustworthy and Transparent: At Gadait International, integrity is our foundation. We prioritize honesty and transparency in every interaction, ensuring your peace of mind.

LUXURY REAL ESTATE WORLWILDE

JOIN THE CLUB

Subscribe to The Gadait. International CLUB to receive news and updates of lifestyle experiences around the world, exclusive real estate market news, and off market opportunities.

Thanks for your subscription

TAKE A TOUR OF THE GADAIT. INSTAGRAM FEED