Xavier Niel buys the Hôtel Lambert for €200 million; luxury real estate in Paris is becoming increasingly popular

It is only the tree that hides the forest, but the acquisition of the Lambert Hotel by Xavier Niel for 200 million euros confirms that luxury real estate is particularly in vogue since the pandemic has receded.

The mansion, located on the island of Saint-Louis at 2 rue Saint-Louis en l'île (75004), was purchased by the French billionaire from the Emir of Qatar for a record amount of €200 million, making this the largest transaction ever carried out in Paris by a private individual.

 

An exceptional property

The Hôtel Lambert is an exceptional property of 3,900m2 built by Louis Le Vau, architect to Louis XIV in 1640. A true piece of history, classified as a historical monument in 1862, it is one of the jewels of the capital.

 

What does this transaction tell us about the luxury real estate market in Paris?

That Parisian stone, "the real thing", is an exceptional safe haven that is bound to increase in value over time. Indeed, this acquisition confirms what we already mentioned in our last article(the state of Parisian real estate in the world after): "a two-speed market where the price of quality properties continues to rise".

 

The acquisition of the Hôtel Lambert thus reflects a fundamental trend: a strong demand for Parisian properties with intrinsic qualities (address, building materials, floor, exposure, view). All of these qualities can be found in this private mansion: a magnificent 17th century stone, a prestigious address, volumes, a garden, a triple exposure and exceptional views.

@Charles Platiau via Reuters - Huffingtonpost.fr

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