Bannan Properties

While interest shown in real estate by French buyers remains intact, caution has been a vital factor since the Covd crisis, setting a brake on the market. After 15 years’ experience dealing in luxury properties, Alexandre Ban Nan founded the agency bearing his name in 2012. Since the start, he has upheld certain values that have now become pillars of the profession. Encounter...

Virtual tours, on-line estimates..., estate agents have also adopted new technologies to match today’s trends. “We were already familiar with these tools which have become essential since the outbreak of the crisis,” explains Alexandre Ban Nan. “Evolution in society has also magnified the priority awarded to strong values such as honesty, trust and transparency. In my agency, we had set up strict procedures for estimating the worth of the properties proposed, and refuse some mandates which have been overvalued by other agencies. This kind of integrity in fact allows us to convert a certain number of owners to appointing us as sole agents, representing about 50% of our portfolio.” The lockdowns of 2020 also made it possible to move the cursor in the agency’s approach : “The brutal halt in activity in March 2020 obliged us to undertake a fundamental review of our work. We focused on the human side and gave it our entire attention. Activity which resumed in May continued to be very lively until September, but slowed down in the fourth quarter. Over the past few months, the number of properties available on the Parisian market has risen. Due to an explosion in divorces and separations, together with inheritances, needs for cash liquidity... These factors serve to adjust the market, even up the balance between supply and demand, and initiate a downward cycle until the next presidential elections, not so far away. Properties with no defects still sell as quickly as ever, and at high prices, others struggle to find takers. In our agency, we have seen a flurry of activity since January, giving rise to some significant sales. We recently sold a garden-level apartment of 196 m2 in the 8th arrondissement, priced at 2,680,000 €. In the 16th arrondissement, we also sold an apartment of 110 m2 on an upper floor, benefiting from a terrace and views of the Seine and Eiffel Tower, priced at 1,600,000 €. Our work on our relationships with sellers has borne fruit. We are, in fact, going to develop a new service in our agency with a team of apartment hunters.”

Agence Bannan Properties, 32 avenue Duquesne, Paris 7 (01 47 23 89 31). www.bannan-properties.com

On the top two floors of a building in Trocadéro, this superb penthouse is surrounded by a panoramic terrace of over 200 m² open to the sky. On the first level, its living space of 140 m2 is comprised of a magnificent reception room giving directly onto a terrace, a fitted kitchen and 2 bedrooms. Surrounded by a landscaped panoramic terrace, the upper floor, reached by a staircase, offers a master suite with a study. A cellar and 2 parking places complete the property. 3.296.000 €.

On the top two floors of a building in Trocadéro, this superb penthouse is surrounded by a panoramic terrace of over 200 m² open to the sky. On the first level, its living space of 140 m2 is comprised of a magnificent reception room giving directly onto a terrace, a fitted kitchen and 2 bedrooms. Surrounded by a landscaped panoramic terrace, the upper floor, reached by a staircase, offers a master suite with a study. A cellar and 2 parking places complete the property. 3.296.000 €.

After winning his spurs in a prestigious Parisian agency and a luxury real estate network, Alexandre Ban Nan founded the firm bearing his name in 2012. Five years later, his agency opened its doors in the 7th arrondissement, where it now operates with a team of twelve.

After winning his spurs in a prestigious Parisian agency and a luxury real estate network, Alexandre Ban Nan founded the firm bearing his name in 2012. Five years later, his agency opened its doors in the 7th arrondissement, where it now operates with a team of twelve.

In Les Hauts de Seine, at the gateway to Paris, this unusual loft of 235 m2 offering spectacular volumes opens out to a terrace and garden. It is comprised of a magnificent reception room framed by skylights and overlooked by a large mezzanine, a spacious kitchen with a well of light, and 4 good-sized bedrooms including a master suite. Basement 32 m2. 1 500 000 €.

In Les Hauts de Seine, at the gateway to Paris, this unusual loft of 235 m2 offering spectacular volumes opens out to a terrace and garden. It is comprised of a magnificent reception room framed by skylights and overlooked by a large mezzanine, a spacious kitchen with a well of light, and 4 good-sized bedrooms including a master suite. Basement 32 m2. 1 500 000 €.