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The luxury real estate market in France is relatively unscathed by the recent economic crisis. Prices have started to come down, but the market is still strong!
If you are a luxury property buyer, you should consider your target market and be prepared for some ups and downs 🎢 However, the long-term trend is for prices to rise, so you should still be able to make a good investment 💎
Here is my analyses 👇
The real estate market in France has been hit hard by the recent economic crisis. Prices have fallen across the board, and sales have slowed down. However, the luxury real estate market has been relatively unscathed. In fact, some experts believe that it may even be thriving.
There are a few reasons for this. First, the luxury real estate market is not as sensitive to economic fluctuations as the lower end of the market. This is because luxury buyers are typically less price-sensitive and are more likely to be able to afford to wait out a downturn.
Second, the luxury real estate market is often driven by international demand. This demand has remained strong, even during the crisis. This is because wealthy foreigners are still attracted to France's high quality of life and its desirable investment climate.
Finally, the luxury real estate market is benefiting from the recent appreciation of the euro. This makes French luxury properties more attractive to foreign buyers.
Of course, the luxury real estate market is not immune to the crisis altogether. Prices have started to come down in some areas, and sales have slowed down. However, the market is still relatively strong, and experts believe that it will continue to do well in the long term.
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