What should we expect from the 2023 Luxury Real Estate Market?

In 2022, the real estate market was dynamic with more than 1 million transactions.
In 2023, the luxury real estate sector in Gironde, Dordogne, Charente-Maritime and their surrounding departments continues to be attractive for national and international buyers due to a high demand for prestige properties in these attractive regions of France.

The luxury real estate market is demanding. Maxwell-Baynes | Christie's International Real Estate offers a diversified range of properties from Bordeaux to La Rochelle, from the Bassin d'Arcachon to Saint-Emilion and all the way to Poitiers.
Real estate, a safe haven, will remain so. Prestigious apartments with a view of the Garonne, town houses, architect-designed villas by the sea and prestigious castles and mansions in the countryside still have good days ahead.

Following a 40% price increase in 10 years, the Bordeaux real estate market is once again stabilizing at a high level despite a posted decline of -3.2% since the start of 2021. La Rochelle has also experienced soaring prices over the past 10 years. Growth should continue but at a slower pace. On the other hand, the real estate market in the countryside is stable and is finding its audience.
However, it is important to note that prices for luxury real estate can vary, as the real estate market can be influenced by economic and political factors, such as interest rates which reached 2.25% at the end of November 2022, currency fluctuations and changes in tax policy.

While forecasts claim that inflation will have a greater impact on consumer behavior this year, the real estate market should hold up in 2023 and luxury real estate will remain dynamic for investors and buyers looking for a quality property.

Consult our new products below and contact our luxury real estate specialists for ideal support for your next purchase or sale of a prestigious property.