The high end French real estate market has seen significant price drops over the last few years.
The amount of properties on the market has increased and according to the director of Sotheby’s International of France the prices of properties sold can be 10 to 20 percent less than originally advertised.
Luxury Properties in Paris and Provence are now beginning to sell again with properties in the 5 million euro and up price range moving into the hands of both international and local buyers.
The current market according to Mr Kraft is seeing a return of American buyers due to the attractive exchange rate. The market is seeing the disappearance of Russian and Chinese buyers due to financial crises in their respective countries.
Exclusive and rare prestige properties still exist for sale. If you need a local English speaking French real estate expert who knows the prestige market we can help you make that contact easily at no charge. Contact us here.