Friday, March 7, 2014

Real Estate: mansions of Paris appeal unless the lofts of New York

Luxury apartments in London, New York and Hong Kong rather than a mansion in Paris . According unveiled Thursday by the agency Barnes , specializing in luxury real estate assessment , Paris has just passed the 4th to 6th of the most popular with wealthy clients cities.

The French capital , a victim of the real estate slump , moved away from the trio, was dethroned by Miami ( Florida ) and Singapore just overrides Geneva (Switzerland). Just behind Berlin, just move from 10th to 8th place in the top 10 most popular cities.

Fewer foreign investors

" Paris is treading water ," said the agency focuses its analysis on the luxury property, apartments or mansions. In 2009, she explains , the capital was on average 20% cheaper than London and 10 % more expensive than New York. " Four years later , New York is 70 % more expensive in London and 200 % more expensive . "

According to Barnes, which criminalizes the way the French taxation, prestige goods " difficulty finding takers " , transactions performing " at prices 10-20 % lower than in late 2011 - early 2012 ." Parisian buyers focused on property prices " less than € 2 million " while foreign - " Russian and Middle Eastern " particular - are " fewer than in 2011-2012 ."

While prices are down in the French capital, New York, long marked by the crisis , recorded a 13% surge in prices in 2013 while London increased by 11 % in the market of prestige goods .

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