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- Interview with Alexander Kraft "Chairman & CEO of Sotheby's Immobilier": "In luxury real estate today, it's still the French who are buying!"
Interview with Alexander Kraft "Chairman & CEO of Sotheby's Immobilier": "In luxury real estate today, it's still the French who are buying!"
Tuesday, December 5, 2023 - Boursorama - Show presented by David Jacquot
This Tuesday, December 5, 2023, Alexander Kraft, Chairman & CEO of Sotheby's Immobilier France-Monaco, was the live guest on Ecorama la chaîne digitale de la société Boursorama, presented by David Jacquot on Boursorama.com. Discussions immediately focused on the following topics: Price trends & sales volume in the luxury real estate market, types of property in demand, average sales price and investor/buyer profile. "The high-end real estate market has always operated in cycles, with a 2-speed market", to quote Mr. Kraft. Despite a collapsing market for ordinary real estate, with declines of up to 30%, luxury real estate is doing insolently well, with an average sales volume of around €2 million in 2023, compared with €1.2 million in 2022, according to the CEO of Sotheby's International Realty France-Monaco. The French are still the most regular customers.
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