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Paris returns to form in the luxury real estate

Perspective

27/01/2016

The French capital has risen to 7th position of the most attractive cities in the world, thanks to the decline of the euro.

Paris back in the top 10 most popular destinations for wealthy property investors. According to the annual report produced by the company Barnes, Paris appears in 7th place of the favorite cities for investors in 2015 when she was in 10th place a year earlier and 9th in 2013. Paris and returns to Dubai and Beijing. Barnes focuses on the decline of the euro to highlight the good performance of Paris.

Exit for now fears of a flight of rich overseas after the attacks in January and November 2015: Barnes announces a 38% increase in sales. They thus reached 738 in 2015.

The company said that the increase in prices in Paris was limited to + 3.18%. It 'is more marked on the goods of more than one million euros, which had been particularly affected by the fall in 2013/2014', the study said.

The capital is marked by the strong return of foreigners, Americans, South Americans, Arabian Peninsula, Eastern Europe, Chinese '. The clientele of the Arabian Peninsula and represents 50 sales in 2015, explains Barnes. Transactions in excess of EUR 4 million have also soared 340%: 17 transactions in 2015 against 5 transactions in 2014.

At the high end, London and New York are at the top despite a price per square meter respectively at € 22,733 and € 15,800, followed by Hong Kong, Singapore and Shanghai.

© Agefi - published on Barnes Paris on 27/01/2016

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