How Has The COVID Pandemic Impacted The French Real Estate Market?

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Although tourism to the country has significantly decreased since the COVID pandemic began, interest in French real estate remains high. Susie Hollands, founder and CEO of VINGT Paris, a French luxury property management and real estate agency, shares her insights into shifts in the marketplace.

1. The French property market has proven remarkably resilient during this time. We were even able to complete a number of sales during the lockdown. Now that “confinement” has ended, we at VINGT Paris are in fact busier than ever in Paris and on the French Riviera.

3. One thing that might change with significantly fewer tourists around is the prevalence of AirBnBs in the French capital. To me, this is a good thing! As an agency, we at VINGT Paris have actively campaigned to get the regulations around holiday rentals tightened. We have been pleased to see the City of Paris acting on this.

4. On a practical level, we at VINGT Paris and our cohorts at other real estate agencies have put in place very stringent safety measures to protect both our staff and our customers from COVID. For those who can’t or don’t wish to travel, we have previously and continue to offer a virtual viewing service via 3D walkthroughs, video and photography.

Although she has always loved Paris, Hollands grew up in the Scottish Borders, where she spent most of her childhood either on horseback or performing plays for her theatrical grandmother, as well as acquiring a love for books and art. After graduating from university, she moved to Paris to run her own art gallery. During this time, she spotted a gap in the market for a service-focused property company in the French capital.

 

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