French real estate is not selling very quickly right now even in the sought after areas like the French Riviera and Paris. This is what we hear all the time in the media.
However, yesterday evening on the TV station M6 show Capital presented an investigative inquiry on French real estate . One feature of the inquiry was Prince Abdullah al-Thani, one of the richest men on the planet who purchased in 2007 the hotel Lambert in Paris for 60 million Euros. This historical hotel is undergoing an 80 million euro restoration.
Below is a video of the fire that happened in the Hotel Lambert in 2013.
When asked why Prince Abdullah al-Thani is investing his personal wealth in France including a new purchase of another historical building and large area of land in Normandy, he stated (we paraphrase) “The prices are very good right now in France, the market is down so it is an ideal time to invest”
Apparently in recent times, according to CAPITAL, Qatar Investment Authority has invested approximately 15 billion euros in French real estate.
It is interesting how foreigners with large amounts of money see great opportunity in France right now, however, locals and some foreigners are hesitating waiting for a market with already low negotiable prices and low interest rates to decend more.
Below you can get your free introduction ebook about French real estate mistakes to avoid
Get your FREE copy today
Request below via the sign up form. Just scroll down, add your email and click Subscribe
This request also entitles you to our biweekly ezine and you can unsubscribe anytime.
Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.