In 2024, luxury Real Estate shines despite challenges

In 2024, the luxury real estate market in France experienced an exceptional year, marked by unique and spectacular transactions. Despite a slight downturn in the sector, the prestige real estate market and exceptional properties continued to shine throughout the year.

Among these sales, one orchestrated by Paris Ouest Sotheby’s International Realty stands out as a major event in the domain of prestige real estate in Paris: the former private mansion of Valéry Giscard d’Estaing, located at 9-11 rue Bénouville in the 16th arrondissement, changed hands for the remarkable sum of 23 million euros.

This extraordinary transaction, facilitated by our agency, highlights the expertise and dedication of Paris Ouest Sotheby’s International Realty in delivering bespoke service to a discerning clientele seeking unique and historically significant properties.

A unique property in the prestigious 16th Arrondissement of Paris

Nestled in the iconic Embassy District, this private mansion is far more than just a residence. Located near Porte Dauphine and Avenue Foch, this property epitomizes French elegance and refinement. Constructed with premium materials and boasting exceptional design, it served as the home of former President Valéry Giscard d’Estaing for over 60 years.

The 1,200-square-meter mansion features grand reception rooms, period fireplaces, and spaces designed to host lavish events. Additionally, the property includes a private garden—a rare gem in this historic district—offering a tranquil retreat in the heart of the capital.

An exceptional asset, expertly presented

This sale represents the perfect balance between the prestige of the address, the unique character of the property, and the central role of Paris Ouest Sotheby’s International Realty. Leveraging an international network, an effective communication strategy, and in-depth knowledge of the Parisian market, we successfully showcased this extraordinary property and connected it with a buyer who shares a passion for history and heritage.

The mansion was sold to Armenia to establish its embassy, further underscoring Paris’s central role as a key city for both diplomatic and real estate transactions. This acquisition also reveals a strong trend: international investors continue to favor the French capital for exceptional investments.

Paris: A thriving market for prestige

Paris remains a premier destination for luxury real estate. The 2024 Olympic Games enhanced the city’s appeal, driving demand for exceptional properties in the most sought-after neighborhoods. Historical buildings like the one on rue Bénouville attract an international clientele, drawn by the combination of rich historical heritage and unparalleled architecture.

The sale of this private mansion confirms that the prestige real estate segment in Paris remains among the most dynamic in the world. While the supply remains limited, buyers are willing to invest significant amounts in rare and exclusive properties.

Why choose Paris Ouest Sotheby’s International Realty?

Renowned for our expertise in luxury real estate, Paris Ouest Sotheby’s International Realty offers much more than simple real estate transactions. We accompany our clients at every step, ensuring a personalized and confidential experience. Our team of seasoned experts possesses a deep understanding of the Parisian market and knows how to highlight the potential of every property.

In 2024, this exceptional sale further solidifies our reputation as a leading player in the luxury real estate market in Paris. This achievement results from dedicated work and unwavering commitment to providing top-tier service to a demanding clientele.

A vision for the future

As the luxury real estate market continues to evolve, Paris Ouest Sotheby’s International Realty remains at the forefront, adapting strategies to meet the changing needs of our clients. The sale of Valéry Giscard d’Estaing’s private mansion is a testament to our ability to navigate this complex market and close exceptional deals.

By highlighting this major achievement, we reinforce our position as a leader in the Parisian luxury real estate market, ready to take on new challenges for our clients worldwide.