One of our Russian clients just pay EUR 6

Arielle Dombasle and Bernard - Henri Lévy lived... It is even whispered that Marlon Brando stayed there during the filming of the "Last Tango in Paris"... All points of view, the location is exceptional: Windows with direct view on the Arc of triumph and the Eiffel Tower, woodwork 18th, height 4 m subceiling... In total, 330 m2 of dream, waiting that a candidate ready to spend EUR 5.5 million. For striking, the example has nothing extraordinary in the beautiful areas of the capital. Near the rue du Bac, a beautiful mansion has to change hands for EUR 18 million! Rue Fresnel, a penthouse of 245 m2 with terrace more of 200 m2 and views of the river Seine and the Eiffel Tower, is to sell EUR 5.5 million. Another 450 m2, avenue of the MaréchalMaunoury, on the edge of the bois de Boulogne, is displayed at EUR 8 million.

The luxury is decidedly not price. At least in the longer sides Parisian neighborhoods, traditionally located in the very chic 5th, 6th, 7th, 8th and 16th arrondissements and Neuilly. And still not anywhere! For luxury, it is primarily a location out of the ordinary. No question, indeed, reason in price per square metre. It is the address which counts. The largest of the great classics, the avenue Montaigne, avenue George V, the streets François-Ier, Guynemer, Barbet de Jouy, quai Voltaire... More important still, the presence of a monument or a garden. For a mythical view on Champ-de-Mars, Invalides, the Luxembourg, the Pantheon, or even the Quays of the Seine and Notre-Dame, the candidates with the exception are ready to be damn.

Must still be that the building and the apartment itself have all pretence of luxury: stone, common and plans impeccable (large parts of receipt), elements of authentic decoration (mouldings, panelling...), benefits of very high caliber (air conditioning, security...). Moreover, the terraces provided that they are not chick square metres, are also acclaimed. In short, if all these ingredients are met, customer is moves not values encountered on the site.

Shortage of supply

However, the Parisian high market represents only a little more than 1,200 transactions per year, which in fact a micro-marché to the 38.700 sales conducted year last Parisian traditional market. According to a recent analysis of Daniel Feau/Belles Demeures de France, high-end, 2005 market leader, 1.063 sales are are negotiated between 1 and 2 million euros, 143, between 2 and 4 million euros, and 22 just beyond 4 million euros. The weakness in sales is mainly the scarcity of supply. It is true that, in the capital, Park Street is not always the prestige expected. Indeed, Feau, "a great Street must have at least 80 to 100 m2 of too much by the number of rooms". For example, have 300 m2 for a triple reception and four rooms instead of 200 m2 for a more classic apartment.

Nine likely to claim the name luxury, it is almost non-existent. According to the study Feau/Belles Demeures de France, only about 40 apartments was identified in the most expensive neighbourhoods in the capital last May. Difficult in these conditions, meet a demand which remains surprisingly present. For various reasons. First of all with the mortgage interest rates which, although in slight rebound, remain very attractive. Wealthy customer pays never "cash", financial investments related it more than the rate of interest, at least for the moment. "It was never a suspensive conditions for obtaining the créditcomme for an ordinary purchase, says Jean-Philippe Roux, Director of the Knight Frank residential Department, purchasers are financing their purchase under extremely favourable conditions. Other factors that make the always dynamic real estate activity: the arrival on the market of a new breed of purchasers and the strong presence of foreigners on the most luxurious products.

Thrust of 35-50 years

"The market remains incredibly dynamic for goods over 3 million," launches Marie-Hélène Lundgreen. But then, who can put on the table 4.5 million, or 10 million euros without eyebrows All combined nationalities, the bosses of companies that generate large flows of money. And the unanimous opinion of the specialists, they are more and more young. "It is not uncommon to see pairs of thirty-five years with budgets exceeding 2.5 million euros, says Marie-Hélène Lundgreen, responsible of Belles Demeures de France.". They have a lot of money and are frequently coming from backgrounds in finance, media, the net economy... "And their purchase, if there is often a blow of heart, is not so unreasonable. On the contrary! "These buyers know what they want, which makes them more selective, but also faster in their purchase decision, says Marie-Hélène Lundgreen, which concludes: they are aware of the market and not surpaient not their property.".

The evidence is: the Parisian market values tend to stabilize, even to fall on the beautiful Haussmanian. So far, some are willing to pay small fortunes to pleasure. Evidenced by the success of the marketing of a building completely restructured in contemporary lofts Lord-Byron Street in two of l'Etoile, lofts that themselves are uprooted young people ".

"connected" between 9,000 and 20,000 euros per square metre. "Typically, yet, the lofts difficult to sell, says Nathalie Garcin, responsible for the Agency Emile Garcin left bank, in their configuration and in particular the lack of SEPTA, they agree to a fringe of purchasers magnet atypical surfaces. Evidence that the typology of purchasers has changed.

Very present foreign

If they are younger, luxury candidates are also foreign majority. They are much more present that the assets are located in the high ranges. On the Parisian market, between 1 and 2 million euros, the share of foreign purchasers represents 39 of the transactions; between 2 and 4 million euros, 47 and more than 4 million euros, 69. Saudi, Russian, American, Italian, Spanish, English, Swiss, Scandinavian, Irish... share the bulk of the market. But we see emerge of new nationalities. "On a constant turnover of nationalities". The customer in the Middle East is back but many of other nationalities are emerging, says Jean-Philippe Roux. We start to see some Chinese and Indian economically tied to London and looking to buy in Paris.

In any event, it is before all a pleasure purchase and diversification of heritage. The pleasure is great, that Paris is more affordable than London or New York. As always, the Saudis retain a preference for the apartments of large size of the avenue Foch or Montaigne to the low word, 15,000 to 18,000 euros per square metre and near fields March mansions, invalids or Trocadero, worth huge prizes: 15, 20 million euros for 500 to 600 m2, or even 40, 50 or 100 million euro for 1.000 to 2.000 m2. An anecdotal market: at the most two or three transactions per year. "Royal families are accustomed to move in large numbers, yet note Jean-Philippe Roux.". They need a professional kitchen, four to eight main bedrooms with each their bathroom, and what room to stay home and security staff.

Same folly of the quantities in the rich new Russians. "Need them at least 300-400 m2, or much more, and they have large budgets," says Nathalie Garcin. Same sound of a Bell in Belles Demeures de France. "One of our Russian clients just pay EUR 6.5 million for an apartment in Brussels, is to afford a home in Paris for 3.5 million," it says. For some people argue that there are 120,000 Russians millionaires in dollars! The Italians, for their part, remain at the top of the purchasers outside Paris for of prestigious feet-to-Earth between 80 and 150 m2. Dear to their heart, the marshes and the island Saint-Louis, where some are sometimes of Follies. An Italian who hesitated between two apartments eventually buy both, arguing that for the work of one, she could live in the other rather than at the Ritz...

In the island Saint-Louis, it is also more land in addition to Greek. Rest on the quai Voltaire, for example, the note is salt: between 15,000 and 18,000 euros per square metre. The Americans, they have no favourite neighbourhood and moved as well that left bank right bank, once they are in their measurement.

The Riviera also

What is true for the capital also applies to the French Riviera, there also invested by foreigners. There, nor is the presence of a monument which, it is the view of the great blue and the quality of the station. To the rank of the safe values: Saint-Tropez, Cannes, Cap d'Antibes, Saint-Jean-Cap-Ferrat... where prices continue to defy the laws of the market. "A 4 or 4.5 million euros, we begin to find beautiful business, but a sea view, to a budget of at least EUR 8 million," explains Olivier Le Quellec, the patron of Transacmer, company specialized in the property of exception, which continues: "beyond 3-4 million, the market remains very dynamic." Below, it is more difficult, artists who were very present in the 1950-1970s really afford to pay such sums. "And, as in Paris, are foreigners who have the largest budgets (English, Swiss, Italians and Belgians). The French are not much missing from the tropézien market, as they represent 50 of the market.

If prices stabilize, there is still some excess. "For young company bosses, the price is not an obstacle, even notes Olivier Le Quellec. The purchase of a property of exception is a sort of reward for the excellence of their results, sort of a medal, but only the best in their fields of intervention are able to afford the best of Saint-Tropez. "Saudis and Russians prefer the vast properties of Cannes, Cap d'Antibes and Saint-Jean-Cap-Ferrat, where it is not uncommon to spend 8 to 10 million euros for a villa feet in the water. British, Scandinavian, Irish are also there. But, as everywhere, prices calm down. "The time of the great delusions is passed, said Daniel Minassian Agency of the same name. We have more homes for sale of apartments. The latter being very sought, the most beautiful leave between 2 and 5 million euros in the listed neighbourhoods (Croisette, California...). "Notice to fans!