PARIS : A TWO-TIER MARKET
Within the tense context of today, the Parisian real estate market has lost some of its fluidity but is showing resistance in the case of high-end properties. More than ever, the professionalism of consultants makes a difference. Founded over 75 years ago, the Daniel Féau group stands out for the excellence of its services. Update with Sophie Berg-Mennesson, Operations Manager with Daniel Féau.
A family firm created over 75 years ago, Daniel Féau has acquired a solid reputation and is ranked as a leader for the high-end market in Paris and its outer ring to the west. “Daniel Féau’s DNA is its blend of luxury properties and a high-quality team,” explains Sophie Berg-Mennesson
“Its collective intelligence is placed at the service of its clientele with close coordination of activities between team members, ensuring that the best possible conditions are set in place. The strength of Daniel Féau also lies in its finely-honed knowledge of the market, winning us the trust of affluent French and foreign clients whom we have followed over several generations. In France, 70 % of sales are handled by estate agents. And beyond 2 million euros, 99% of sales are orchestrated by professionals. In today’s complex market and a climate of uncertainty, high-quality service has even more value as it guarantees the pertinence of advice and maximum confidentiality.”
On Rue Quincampoix in the 4th arrondissement, on the noble (1st) floor of the Hôtel de Sémonville built in the 17th century, this remarkable apartment of 116 m2 benefits from ceilings 5 metres high. It has retained all its refined period features, woodwork, and a magnificent fireplace in the lounge. Vendu + de 2 M €.
On Rue Quincampoix in the 4th arrondissement, on the noble (1st) floor of the Hôtel de Sémonville built in the 17th century, this remarkable apartment of 116 m2 benefits from ceilings 5 metres high. It has retained all its refined period features, woodwork, and a magnificent fireplace in the lounge. Vendu + de 2 M €.
On Rue Quincampoix in the 4th arrondissement, on the noble (1st) floor of the Hôtel de Sémonville built in the 17th century, this remarkable apartment of 116 m2 benefits from ceilings 5 metres high. It has retained all its refined period features, woodwork, and a magnificent fireplace in the lounge. Vendu + de 2 M €.
On Rue Quincampoix in the 4th arrondissement, on the noble (1st) floor of the Hôtel de Sémonville built in the 17th century, this remarkable apartment of 116 m2 benefits from ceilings 5 metres high. It has retained all its refined period features, woodwork, and a magnificent fireplace in the lounge. Vendu + de 2 M €.
In the 6th arrondissement, on the top floor reached by lift, this magnificent workshop apartment of 170 m2 with ceilings 6 metres high enjoys a clear view of gardens. It is comprised of a spacious workshop living-room and 3 bedrooms, one en-suite, with a study. Two cellars complete the property. 5.2 M €
In the 6th arrondissement, on the top floor reached by lift, this magnificent workshop apartment of 170 m2 with ceilings 6 metres high enjoys a clear view of gardens. It is comprised of a spacious workshop living-room and 3 bedrooms, one en-suite, with a study. Two cellars complete the property. 5.2 M €
In the 6th arrondissement, on the top floor reached by lift, this magnificent workshop apartment of 170 m2 with ceilings 6 metres high enjoys a clear view of gardens. It is comprised of a spacious workshop living-room and 3 bedrooms, one en-suite, with a study. Two cellars complete the property. 5.2 M €
In the 6th arrondissement, on the top floor reached by lift, this magnificent workshop apartment of 170 m2 with ceilings 6 metres high enjoys a clear view of gardens. It is comprised of a spacious workshop living-room and 3 bedrooms, one en-suite, with a study. Two cellars complete the property. 5.2 M €
In a very prestigious Haussmann building in the 16th arrondissement, this family and reception apartment of 263 m2 has been treated to quality renovation. It is comprised of a double reception room giving onto a fully equipped kitchen/dining-room, a study, laundry room, and 4 bedrooms including a large master suite. Two cellars. 4.4 M €.
In a very prestigious Haussmann building in the 16th arrondissement, this family and reception apartment of 263 m2 has been treated to quality renovation. It is comprised of a double reception room giving onto a fully equipped kitchen/dining-room, a study, laundry room, and 4 bedrooms including a large master suite. Two cellars. 4.4 M €.
A lawyer by training, Sophie Berg-Mennesson joined the Daniel Féau group in 2010 as a consultant, then as Agency Manager. She became the group’s Operations Manager in March, 2023. Daniel Féau, 21 rue d’Artois, Paris 8 (01 56 88 48 48). www.danielfeau.com
A lawyer by training, Sophie Berg-Mennesson joined the Daniel Féau group in 2010 as a consultant, then as Agency Manager. She became the group’s Operations Manager in March, 2023. Daniel Féau, 21 rue d’Artois, Paris 8 (01 56 88 48 48). www.danielfeau.com
What can be said about the Parisian market as we near the end of 2023 ? “It is a two-tier market. For so-called family properties from 1.5 to 3 million euros with no particular luxurious characteristics, we are seeing a decline in sales volume and price erosion related to difficulties in obtaining mortgages. It is a wait-and-see market. Up until now, it has been controlled by sellers, but it is in the process of changing hands to land in those of buyers.
On the other hand, at the upper end of the market, ie. beyond 4 million euros, involving substantial French and foreign fortunes, activity is running more smoothly. When a buyer finds his dream property in Paris, he does not procrastinate, as available properties are rare in this segment and he cannot risk missing out. The same goes for luxury pieds-à-terre whose prices may be below 2 or 3 million euros, but whose qualities justify a high price per sq. metre.” And the future ? “Even if it takes a little time, the market will regain its composure,” says Sophie Berg-Mennesson.
