3 questions to Hugues de La Morandière, Deputy Manager, Agence Varenne

In 2016, the Parisian marketplace of the luxury estate business follows the positive trend initiated last year with stability and liquidity, despite the concerns linked to the Brexit and the future of Europe. We noticed a 25 % increase in our sales during our first semester compared to the same period in 2015. Varenne remains faithful to its upscale international positioning with a wide range of products located in the historic parisian districts (6th, 7th, 8th) but also in the 4th and 1st districts, mainly the Saint-Louis and Cité areas, and in the west side of Paris. We recently sold a splendid 250 sq m apartment on the upper floors with breathtaking views over the Cité area for €6,3m. We also sold a 250 sq m apartment located on the 5th floor of an Haussman-style building in the 8th district with a view on the Eiffel Tower for €5,25m.