9 out of 10. Only foreigners buy high-end property in Paris

9 out of 10. Only foreigners buy high-end property in Paris

Market of luxury real estate in Paris is recovering after a slight drop in demand that occurred in 2013. However, realtors claim that now 90% of buyers of property worth more than €10 million are foreigners, reports ee24.com citing lefigaro.fr.

There are 150 thousand people with wealth of more than €25 million all over the world, and 1.5 thousand of them are billionaires. A buyer has become younger and changed nationality: along with the Arabs and Russians, the Parisian real estate market experiences the influx of Brazilians, Chinese and Indonesians. They invite mediums to confirm the positive energy of their future apartments and furnish according to rules of feng shui - realtors are no more surprised by such requirements.