Interview Richard Tzipine, Managing Director Barnes

In Paris, the market for upscale properties (i.e., with an asking price of over €3m) is collapsing. It went down 70% in the first semester of 2013 vs. the same period last year). However, our roster of foreign clients, from Eastern Europe, the Middle East, Brazil and China notably, are still looking for estates in our country. In addition to our offices in the most sought-after cities, including Geneva, Moscow, and Courchevel, we have developed a new real estate programme that provides commercial and marketing assistance to developers. We now have more than 200 apartments on sale in cities such as Deauville, Le Chesnay, Puteaux, or Saint-Cloud. Also, as a former luxury-only brand, we plan to open new activities linked to the needs of our wealthy clients.

Richard Tzipine (Barnes) - 01 55 61 92 82 - https://www.barnes-international.com