Prestigious real estate: 2024, a year more stable than expected.

Despite difficult geopolitical and socio-economic circumstances, 2024 was a surprisingly positive year for luxury real estate, with solid results for Sotheby's International Realty France-Monaco.

Sotheby's International Realty France-Monaco is a leader in the high-end market in France with nearly 80 branches, and has a stable overall balance sheet, with sales volume reaching nearly €1.4 billion for 2024, a slight decrease of 7% compared to 2023. This decline, linked to global challenges, masks a higher average price of €1.8 million. These figures reflect the continued attractiveness of exceptional goods and the resilience of the market.

Despite a year marked by international tensions, such as the conflicts in Ukraine and Gaza, as well as major elections in France and the United States, Sotheby's International Realty has seen a strong return of foreign buyers, notably due to the parity of the dollar and lower interest rates. This dynamic has allowed the French market to maintain its stability and offer optimistic prospects for 2025.

Record sales and an exceptional 4th quarter

The network's 80 branches achieved more than 750 prestige sales in 2024, including an increasing number in the top segments:

More than 50 sales between 2 and 3 million euros
More than 40 sales between 3 and 5 million euros
More than 30 sales between 5 and 10 million euros
More than 15 sales between 10 and 20 million euros
6 sales between 20 and 50 million euros
The 4th quarter was particularly remarkable, with a sales volume of around 500 million euros, the strongest since 2022. This rebound was supported by several factors, including lower rates, price adjustments and the return of international buyers.

The market for exceptional goods: always promising

Exceptional properties, especially those located in emblematic areas such as Paris, the French Riviera, the Alps, or Lake Geneva, continue to attract investors. The Sotheby's International Realty network recorded impressive sales, such as:

23 million euros for a private mansion in Paris (16th)
30 million euros for a contemporary house on the French Riviera, facing the sea
€7.1 million for a rare property on the shores of Lake Geneva, near Geneva
€3.75 million for a waterfront house in Veyrier-du-Lac, on the shores of Lake Annecy
These transactions reflect the growing interest in quality properties, which have become real safe havens for investors.

A global presence and record sales 

Sotheby's International Realty, with more than 1000 branches in more than 80 countries, achieved very good sales in 2024, sometimes record, such as:

€71.94 million for a large waterfront property in Palm Beach, Florida

€63.8 million for a villa in Jumeirah Bay Island, Dubai

€41 million for an exceptional property in Tokyo, Japan

€30.68 million for Donald Trump's former home in Greenwich, Connecticut

€29.88 million for an iconic equestrian farm in Bedford, New York

The network currently offers for sale properties at record prices, including:

€58.47 million for a property on George Washington's original estate in Mount Vernon

€37.03 million for a historic residence in San Francisco

A year marked by a buyers' market

After a period of lockdown marked by a sellers' market, the real estate market is now more balanced, with a trend in favor of buyers, especially for the most prestigious properties. Foreign buyers are particularly present, taking advantage of France's economic stability and tax advantages.

Encouraging prospects for 2025

The outlook for 2025 is promising, supported by a strong buyer market and a notable return from international investors. Nationwide price adjustment, combined with the continued decline in interest rates, offers growth opportunities for high-profile properties.