Finalize your sale before the legislative elections!

Finalize Your Sale Before The Legislative Elections!

Gathered at Péninsula in Paris, for a round table organized by the prestigious real estate site Beautiful Residences, real estate professionals returned to the shock wave of the dissolution of the National Assembly by President Emmanuel Macron and its possible consequences on the real estate market. Given the expected turbulence with the legislative elections, luxury real estate professionals insist that owners about to finalize the sale of a prestigious property should not wait. Even if it means cutting back a little on prices. Explanations.

Real estate, a safe bet in an uncertain political context

In an uncertain political context, the confidence of buyers of prestigious real estate remains surprisingly stable according to the results produced by Beautiful Residences. " Real estate must be seen as a long-term investment, underlines Richard Tzipine, general manager of Barnes. Despite political ups and downs, the safe haven of luxury real estate remains. »

Another element that invites candidates for acquisition to take the plunge is the relaxation in recent months of credit rates which restores purchasing power to buyers. The European Central Bank began lowering its key rates in June, a trend that is expected to continue. “ We encourage our clients to consult their brokers to take advantage of advantageous fixed rates, a crucial stabilizing element», underlines Sébastien Kuperfis, general director of Junot.

The Paris 2024 Olympic Games, an opportunity for the capital

Anticipation of the 2024 Olympic Games in Paris is seen as a potential driver for the luxury real estate market. Eric Donnet, general manager of the Féau group, expresses his enthusiasm: “ The Olympics will put Paris in the global spotlight. The improved infrastructure and international influence will attract wealthy buyers, rediscovering the appeal of Paris for its heritage values ​​and historic properties. » This international influence is an opportunity to be seized now.

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

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

In this context of political and economic volatility, it is essential for sellers of luxury real estate not to delay their sales decisions. Martial Michaux, director of Emile Garcin, underlines: “ In Paris, we see many estimates made by sellers who prefer to wait until the end of the Olympics to put them up for sale. It is likely that after the Olympics, the supply of goods for sale will increase, which could put downward pressure on prices. »

Eric Donnet agrees: “ For sellers who are hesitant due to offers that are slightly below their expectations, it is crucial to seize this window of opportunity. Serious buyers are still in the market, and delaying the sale could mean losing valuable opportunities. »

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

Sébastien Kuperfis insists on the importance of not being paralyzed by political uncertainties: “ Ultra-wealthy buyers, often less affected by short-term political fluctuations, continue to see France as an attractive destination. Sellers should therefore seriously consider any offer received in this context. »

Opportunities for buyers to seize

Sébastien Kuperfis insists on the importance of not being paralyzed by political uncertainties: “ Ultra-wealthy buyers, often less affected by short-term political fluctuations, continue to see France as an attractive destination. Buyers should therefore seriously consider any opportunity in this context. »

For his part, Eric Donnet notes that “ buyers continue to sign pledges and finalize transactions despite the instability. For buyers, this is an opportune time to invest in prestigious properties, even if this requires a careful assessment of the offers available. »

Finally, political volatility should not deter buyers. Richard Tzipine warns: “ Current political uncertainties, 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 offered by current conditions »

Luxury real estate, a resilient market

Despite political turbulence, the luxury real estate market in France shows signs of resilience, insists Eric Donnet: “ Buyers continue to sign pledges and finalize transactions despite the instability. For sellers, this is an opportune time 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 emphasizes: “ France has unique know-how in terms of decoration and real estate construction. Our skilled craftsmen and traditional methods are unrivaled, as evidenced by the reconstruction of Notre-Dame Cathedral. »

Credits

Finalize Your Sale Before The Legislative Elections!

Virginie Majaux

“Virginie Mazaux” is a fictional character created by the Yourtopia.fr team, symbolizing a blog and social network enthusiast born in 1992 in Bordeaux. This character, imagined to represent a connected and creative generation, was designed to explore and write about various passions in the digital world. Although "Virginia" is not a real person, articles published under this name reflect the collaborative work of our editorial team, who share a common interest in communication, digital innovation and social trends. “Virginie”, as a creation of Yourtopia.fr, brings a unique and engaging perspective on the latest developments in the field of social media and blogging, illustrating the journey of a fictional blogger from her beginnings to the creation of his own blog and his collaboration with Yourtopia.fr.

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