Luxury real estate: the results are rather positive after the first week of reconfinement

Despite a re-confinement, the luxury real estate activity has not slowed down, other deeds are still being signed and transactions concluded.

In fact, according to Alexander Kraft, President of Sotheby's International Realty France-Monaco, sales are continuing. He mentions in particular a property in the Southwest sold at 8 million euros or a Parisian estate at more than 15 million euros, sales recorded for this first week of re-confinement.

These figures can be explained by the adaptability of the agents who, in the face of this difficult context, are showing flexibility and innovation by strengthening the link with the customer in a virtual way. Buyers are always looking for space, looking for a balcony or a garden to expand their main residence, to live further away from the cities. But also, clients are looking for a second home to take refuge or invest their money. This is how in Deauville, Sotheby's sold a 300m2 house with its 400m2 garden.

Thus, the balance sheet remains positive and the first signs of this re-confinement give hope.

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Paris West Sotheby's International Realty, specialist in luxury and prestige real estate in Paris