Luxury Real Estate and Liquidation: Sign your sale before the General Election!

Real estate professionals gathered in the peninsula of Paris at a round table organized by the prestigious real estate site Belles Demeures for the shock wave of the dissolution of the National Assembly by President Emmanuel Macron and its possible consequences for the real estate market. With parliamentary election turbulence expected, luxury property experts insist owners looking to finalize the sale of a prestigious property should not wait. Even if it means lowering the prices a bit. Explanations.

Real estate, a safe bet in an uncertain political context

In an uncertain political context, the confidence of buyers of prestigious properties remains surprisingly stable, according to the results of Belles Demeures. ” Real estate should be seen as a long-term investment, points out Richard Tzipine, general manager of Barnes. Despite political ups and downs, it remains a safe haven for luxury real estate. »

Another element that prompts acquisition candidates to commit is the easing of lending rates in recent months, which is restoring the purchasing power of buyers. The European Central Bank began cutting its key rates in June, a trend expected to continue. ” We advise our clients to consult their brokers to take advantage of favorable fixed rates, which is an essential stabilizing element», emphasizes Sébastien Kuperfis, CEO of Junot.

Paris 2024 Olympic Games, an opportunity for the capital

The anticipation of the 2024 Olympic Games in Paris is seen as a potential driver of the luxury property market. Eric Donnet, General Manager of the Féau Group, expresses his enthusiasm: “ The Olympics will put Paris in the center of the world’s attention. Improved infrastructure and international influence will attract wealthy buyers and rediscover the appeal of Paris for its heritage values ​​and historic properties. » This international influence is an opportunity that needs to be seized now.

Richard Tzipine adds: “ We’ve seen excitement around vacation rentals for the Olympics, but activity hasn’t reached the level expected. However, we believe that the Olympics will attract foreign customers in the long term, despite a slight temporary slowdown. »

Sellers, now is not the time to procrastinate on pricing!

In this context of political and economic volatility, it is crucial for luxury real estate sellers not to delay their selling decisions. Martial Michaux, director of Emile Garcin, emphasizes: “ In Paris, we see a lot of guesswork from sellers who prefer to wait until after the Olympics to put them up for sale. It is likely that the supply of goods for sale will increase after the Olympics, which could push prices down. »

Eric Donnet agrees: ” For sellers who are hesitant about offers slightly below their expectations, seizing this opportunity is key. Serious buyers are still in the market and delaying a sale could mean missing out on valuable opportunities. »

Richard Tzipine also recalls recent challenges: “ Since 2018, the market has gone through tough times with Covid and rising interest rates. Owners must remember that we will not return to post-Covid price and volume levels. The market is evolving and adjusting expectations is necessary. »

Sébastien Kuperfis insists that it is important not to be paralyzed by political uncertainty: “ Very wealthy buyers, often less affected by short-term political fluctuations, continue to find France an attractive destination. Sellers should therefore give serious consideration to any offer received in this regard. »

Opportunities for buyers to seize

Sébastien Kuperfis insists that it is important not to be paralyzed by political uncertainty: “ Very wealthy buyers, often less affected by short-term political fluctuations, continue to find France an attractive destination. Buyers should therefore seriously consider any opportunity in this regard. »

Eric Donnet notes that “ buyers continue to sign pledges and complete transactions despite the volatility. This is an opportune time for buyers to invest in prestigious properties, although this requires careful consideration of available offers. »

Finally, political volatility should not deter buyers. Richard Tzipine warns: “ The current political uncertainty, while worrying, should not paralyze purchasing decisions. The luxury real estate market in France remains a safe bet and a long-term opportunity. Buyers must seize the opportunities presented by current conditions »

Luxury real estate, resilient market

Despite the political turmoil, France’s luxury property market is showing signs of resilience, insists Eric Donnet: “ Buyers continue to sign pledges and complete transactions despite the volatility. This is a good time for sellers to close sales, even if it requires some price adjustments. »

One of the main attractions of the luxury real estate market in France is its high quality craftsmanship and architecture. Eric Donnet points out: “ France has unique know-how in the field of decoration and real estate construction. Our skilled craftsmen and traditional processes are unmatched, as evidenced by the restoration of Notre-Dame Cathedral. »

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