2023-08-15 20:51:21
Times are tough for real estate sellers. It is difficult to find a buyer who agrees to pay the right price. Even when you have been the companion of a President of the Republic and his home has been well renovated. Located in Square Montsouris, in the 14th arrondissement of Paris, a stone’s throw from the park of the same name (see the map below), this 1920s residence has 200 m² of living space with a 70 m² garden. Extremely rare assets, especially for a “country house” in Paris. On sale for more than two years, this house has finally found a buyer. Its owners, who are none other than Julie Gayet and François Hollande, have also made a great deal.
The house was acquired by the actress in July 2019 for two million euros. On January 26, 2020, barely six months later, they were the victims of a burglary, reported Le Point. And it was only a few months later, in the midst of a health crisis, that François Hollande and Julie Gayet decided to put it up for sale. “They were bothered by the noise of the wind tunnel at the Institut mutualiste Montsouris, which is just behind“, explains a resident, quoted by Le Parisien. The “Covid effect”, which pushed several households to “go green”, did not work in their favor immediately. They had to wait more than two years before finding a buyer. With a nice added value to the key.
Record sale price
The house was sold for some 3.3 million euros, or 16,500 euros per m². A price well above the average for the Square de Montsouris, which is closer to 12,000 euros per m², according to experts. “It’s a record!says a real estate agent who knows the area well. The renovation of the property is no stranger to this. However, not all the properties in this alley will necessarily sell for such a high price per m². Square du Montsouris, the trend is rather, at best, stabilization, at worst a slight decline, like the Parisian market: prices have fallen by around 7% in one year and by almost 4% ( !), in three months, according to Meilleurs Agents, a specialist in property valuation. A trend that may benefit François Hollande and Julie Gayet, if they are looking for a new nest in the capital. In the meantime, they can still enjoy their Corrézienne house (19), acquired in 2018, which was part of the list that Le Figaro advised them to buy at the time.
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