Most of buyers of luxury housing weren't afraid of the recent increase in tax rates and a 10 percent decline in prices, reports Coldwell Banker and lux-residence.com, based on the survey results. Thus, 54% of respondents considered luxury real estate in France as a good investment, and 56% - admitted that they are going to buy a house in an exclusive next year.
The survey polled 100 respondents from different countries, who were going to purchase a house priced from €750,000 to €10 million. The majority of respondents did not frighten the poor state of the French economy. Moreover, 75% of respondents believe that the economic situation could worsen in the coming months, and nearly 30% - believe that house prices will fall by 7-10%.
Despite the problematic economic situation in Europe, France remains attractive to buyers of elite property, says Lauren Demer, CEO of Coldwell Banker. Investors from abroad form 23% of the demand for luxury properties in France. Basically it is the citizens of the United Kingdom, Monaco, Russia and Germany. Russians are mainly interested in prestigious high-end objects ranging in price from €3 million to €10 million.