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2024 - Luxury Real Estate Trends: Cities Experiencing Price Declines vs. Those with Rising Values

Summary by News Text Area
Rising interest rates have significantly impacted the luxury real estate market in France, particularly for properties priced between 1 and 5 million euros, leading to a nearly 50% sales decline. Although prices rose modestly in 2023, they have begun to drop slightly. Buyer behavior reflects a preference for desirable homes over necessity, resulting in increased negotiation margins. Meanwhile, select family-oriented cities have experienced price…
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