Luxury real estate in Paris: Amarket of excellence in 2024

The year 2024 was marked by economic and political fluctuations, yet luxury real estate in Paris demonstrated remarkable resilience. Despite a downturn in the premium market, ultra-luxury retained its brilliance, particularly in prestigious neighborhoods such as the 16th arrondissement, where exceptional properties continue to attract a discerning international clientele.

Featured by Le Parisien.

One of the highlights of the Parisian market this year was undoubtedly the sale of the former private mansion of Valéry Giscard d'Estaing, located in the prestigious 16th arrondissement. Sold for an exceptional sum of several million euros, this emblematic private mansion perfectly illustrates the timeless appeal of prestigious residences in the capital. Paris Ouest Sotheby’s International Realty orchestrated this remarkable transaction, once again demonstrating its unparalleled expertise in luxury real estate in Paris.

The 16th arrondissement: A prime destination for prestige Real Estate

With its wide tree-lined avenues, majestic private mansions, and breathtaking views of the Eiffel Tower, the 16th arrondissement remains a prime location for luxury real estate enthusiasts. Here, some of the most coveted properties in the capital can be found, where refinement and architectural elegance blend seamlessly.

The private mansion sold by Paris Ouest Sotheby’s International Realty exemplifies this pursuit of excellence. With its vast spaces, enfilade salons, luxurious finishes, and rich history, it represents the pinnacle of Parisian luxury. This type of exceptional property, rare on the market, appeals to an international clientele seeking a unique residence that combines elegance and prestige.

A high-end market driven by an international clientele

While the premium segment experienced adjustments in 2024, the ultra-luxury market remained strong. Demand for exceptional properties in Paris continues to be high, driven by savvy investors who view these assets as secure and timeless investments. Alexander Kraft, CEO of Sotheby’s International Realty France-Monaco, highlights that despite market volatility, exceptional properties continue to sell at record levels.

In an international context marked by economic and political uncertainties, Paris remains a stronghold for luxury real estate investments. Buyers, whether American, Middle Eastern, or European, are primarily looking for exceptional properties that offer a unique living environment and unquestionable patrimonial value.

Unparalleled expertise in prestige real estate

Paris Ouest Sotheby’s International Realty has established itself as a key player in the luxury real estate market in Paris. With in-depth expertise and a global network, the agency supports its clients in the search and sale of prestigious properties, guaranteeing tailor-made and confidential service.

The transaction of the private mansion in the 16th arrondissement is a perfect illustration of this. Every stage of the sale was orchestrated with exceptional precision and expertise, meeting the demands of the most discerning buyers. This type of sale underscores Paris Ouest Sotheby’s International Realty’s ability to provide bespoke solutions for exceptional properties while maintaining the discretion and confidentiality required for such significant transactions.

Encouraging prospects for 2025

While 2024 saw ups and downs, the outlook for 2025 is promising. With renewed interest in luxury real estate and a slight improvement in interest rates, the Parisian market is expected to maintain its dynamism. The Olympic Games have strengthened Paris’s international appeal, and many investors now see the capital as a safe haven for real estate investments.

The 16th arrondissement, with its varied offering of private mansions and exceptional apartments, will continue to attract clientele seeking rare and prestigious properties. Paris Ouest Sotheby’s International Realty, backed by its expertise and global network, is more prepared than ever to meet the expectations of this discerning clientele.

Luxury real estate in Paris, particularly in the 16th arrondissement, remains a dynamic and highly sought-after sector. The exceptional sale of the former private mansion of Valéry Giscard d'Estaing by Paris Ouest Sotheby’s International Realty attests to the attractiveness and prestige of the Parisian market.

In an uncertain international context, Paris stands out as a safe haven for investors in search of exceptional properties. Thanks to its unparalleled expertise and commitment to offering outstanding service, Paris Ouest Sotheby’s International Realty continues to play a key role in the prominence of luxury real estate in Paris.