For Vaneau, a dynamic first quarter on the Paris luxury real estate market
The Paris high-end real estate market confirmed its strong momentum in the first quarter of 2023. Activity across Vaneau Immobilier agencies shows a 25% increase in transaction volume compared to Q1 2022, and +9% compared to Q4 2022, which was already an excellent quarter.
Luxury real estate remains a safe haven
These results confirm that luxury real estate in Paris continues to act as a safe-haven asset for high-net-worth individuals. Inflation and rising interest rates have had little impact on acquisition strategies in this segment.
The Left Bank drives the luxury market
The Left Bank is currently leading the market, supported by international buyers and the return of expatriates, particularly from London.
A slight slowdown has been observed on the Right Bank, especially in western Paris (16th and 17th districts), a normal seasonal trend.
Sales timelines: higher prices, faster transactions
An interesting trend emerged this quarter: the higher the price, the shorter the sales timeframe.
Vaneau completed nearly 15 “flash sales” in Q1 2023, with transactions finalized in under five days.
Prices per square meter: the Left Bank widens the gap
Average prices exceeded €18,000 per sqm on the Left Bank, compared to €13,400 per sqm on the Right Bank.
With an overall average price above €14,200 per sqm, Vaneau further strengthens its luxury positioning in Paris.
VANEAU Immobilier
Tel : 01 48 00 88 75
contact@vaneau.fr
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