Global Outlook » Housing Markets

Luxury Real Estate: Is Paris the most attractive city for large fortunes vs. New York or London?

Being wealthy is good, living in the most attractive city is even better. Paris, New York or London? What is the best city for great fortunes? Nestoria addresses this issue. After the financial crisis (and a decrease from 7% to 12% in price), high-end real estate has taken off in 2010 (a 20% increase in Paris between January 2010 to January 2011) to reach a new rhythm in 2011 (+5% increase since the beginning of the year). The reason? Massive foreign investment. According to the two most important agencies in real estate Barnes et Féau, prices should stabilize.