"The prestigious Parisian real estate will never know the crisis"

It was not a gamble, because I know this area very well. I created and led for 10 years a company upholstery, which printed especially for a subsidiary of Hermes, to meet client demands in Riyadh, Jeddah or Dubai. I was therefore a very good knowledge of high-end and Middle Eastern clients. And I know, after more than 30 years of business, two things that sell very well. This is the very high end and low end. It is also the reason that prompted me to offer your services "tailor-made original with a personalized concierge service. The rich client is willing to pay for the service ... provided that it exists!

Meynet Philippe Petit Jean: The problem is that France comes to luxury but does not. The prestige, regarding real estate, means something different, unique, which is stored separately from other types of property. It's still an area that corresponds to the ideal image that the affluent clientele of foreign capital.

Meynet Philippe Petit-Jean: Very good! The only real difficulty faced by owners today is the lack of liquidity of banks. This happened recently on two sales, one of $ 9 million, another 15 million euros. One of them has been delayed for 7 months and half due to the inability of the bank released the funds needed. The money had been lost in stock market and he had to wait. But beyond that, the estate of prestige to the chance of being preserved in Paris. Even if a discrepancy exists between some owners who dream of the value of their property and foreign customers is very aware of the real market values. But now we are seeing a rebalancing of prices, even if the real estate of prestige will always overvalued, by its nature.

Meynet Philippe Petit Jean: The prestigious Parisian real estate will not suffer a crisis. Paris will always dream about as much, whether the Italians, Middle Easterners and Americans. Besides the Russians back on the market and the Chinese come gradually. The Champs-Elysées are a magnet for these clients. We talk about the City of Light in the world! The historic districts, including the "Golden Triangle" (Part of the 8th district bounded by the avenues Montaigne, George V and Champs Elysees editor's note) will never have a problem. It also notes that more and more rich foreigners no longer want to go to the hotel. A very high official Saudi told me recently that it saw no reason to spend 1.5 million euros per year in the hotel that it was possible to buy at this price an exceptional apartment in a few years .. .

Meynet Philippe Petit-Jean: We're just there to run for the referral. You should know that foreigners seeking to systematically redevelop the property that they come to acquire. They indeed want to redecorate the apartment according to the customs, traditions of their country of origin. Why we are working with collaborators from all countries.