The health crisis has severely penalized economic activity around the world, but real estate has held up quite well. In France, sales fell little overall and professionals in the sector adapted to the end of the first confinement so that transactions could continue. Luxury real estate, meanwhile, remained at high levels. For sales of more than 3 million euros, the year 2020 will have been almost as exceptional as 2019, according to the network of real estate agencies Daniel Féau, reports BFM.
On the other hand, foreign customers, and in particular American and Chinese, have collapsed, giving way to European and French buyers in particular. Paris remains one of the most expensive cities in the world, with one million dollars (approximately 839,000 euros) enabling the acquisition of just 42 square meters in the City of Light, according to the latest annual study by the British real estate company Knight Frank. In London, you can expect to buy a 31m2 apartment with this sum. In New York, you gain a few square meters, to reach 34 m2 in total.
It is in Hong Kong and Monaco that the real estate market is the most expensive. In the Principality, you can only get 15 m2 with a million dollars, as shown in the graph from Statista below.
Statesman
Other infographics on Statista.
This article originally appeared on Business Insider France
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2022-08-23 07:00:00
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