Prestige And Character Property: The Market Remains Particularly Attractive With A Return Of Foreign Customers

(MENAFN– EIN Presswire)

Castle classified as historical heritage of the 17th century

Mercure Forbes Global Properties, specialised in prestige and character properties for 87 years, has posted a 22% increase.

2022 has been an excellent year for the group, with sustained and increasing growth, a rebalancing of our business between urban and rural areas while accelerating our structuring plan” – Olivier de Chabot-Tramecourt, CEO of Mercure Forbes Global Properties.PARIS, FRANCE, February 20, 2023 / / — The group began 2022 with the same momentum as at the end of 2021, recording 332 transactions for a volume of just over 290 million euros. The presidential elections did not interrupt the good start to the first half of 2022, which accounted for 60% of the year’s transactions. The first signs of a slowdown came in July with a drop in visits and signatures. The property market contracted in the second half of the year as a result of the economic and geopolitical context. The rise in energy prices and new environmental standards led to a return to negotiation in favor of buyers of around 3 to 6%. The declining demand in major cities such as Bordeaux, Lyon, or Toulouse has led to a further downturn in this market, contributing to a rebalancing of prices, except in Paris, which has maintained its dynamic as the capital city and attraction to foreigners looking for top-of-the-range property in the City of Light.

Another remarkable fact of 2022: is the return of foreign customers. While Asian buyers have not yet returned and British customers are still few in number to request visiting properties, American customers have benefited from the euro/dollar parity with a gain in purchasing power of up to 20%. The group’s foreign investors accounted for 14% of turnover compared to 11% in 2021

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