Study and Statistics Archives - BARNES New York | Luxury Real Estate in New York

April 10, 2024April 9, 2024

BARNES & COMPASS: A Strategic Partnership

The Luxury Division at Compass unveils its international referral program in collaboration with BARNES International, an established player in the global luxury real estate market spanning 20 countries. The innovative program empowers Compass agents to seamlessly cater to their clients’ international real estate needs and expand their clientele through this strategic partnership between BARNES and COMPASS.

“Driven by a shared belief in collaboration and seizing opportunities, this groundbreaking program opens the gateway to the world for Compass,” said Felipe Hernandez Smith, head of the Compass Luxury Division.

Through the strategic alliance with BARNES International Realty, Compass agents gain access to an extensive network of 130 offices globally, enabling them to connect clients with some of the most sought-after properties across multiple international destinations.

Commenting on the partnership, Thibault de Saint Vincent, President of BARNES International Realty, said, “Like Compass’ Entrepreneurship Principles, BARNES has built our leading business and impeccable reputation upon our tenets of entrepreneurship, including passion, optimism, bespoke personalization, and flexibility for reinvention. BARNES understands that buying and selling luxury and ultra-luxury properties are not purely business transactions but a complete experience through which the trusted relationship between agent and client is built.”

This concierge-style networking tool proves particularly advantageous for American citizens purchasing properties abroad, where luxury and ultra-luxury properties are often exclusively shown by a single brokerage or remain off-market.

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March 20, 2024March 18, 2024

Paris 2024: BARNES assists you with seasonal rentals during the Olympic Games

Get ready for the excitement of the Paris Olympic Games 2024, as the world’s eyes turn to the City of Light for this prestigious event. With athletes, spectators, and enthusiasts flocking to Paris from around the globe, finding the perfect accommodation is paramount. Fortunately, BARNES New York can assist you with a strong network of offices in Paris, poised to help individuals secure the ideal lodging for the duration of the games. Whether it’s a luxurious apartment with a view of iconic landmarks or a cozy pied-à-terre nestled in a charming neighborhood, BARNES offers personalized service to ensure an unforgettable stay during this monumental occasion. Find a selection of a few Paris seasonal rentals down below!

Paris Seasonal rentals

Mansion in Paris XVI – France

Welcome to the enchanting world of Villa Berlioz, an exceptional private mansion located in the heart of the prestigious 16th arrondissement of Paris. Villa Berlioz is much more than just a property; it is a true architectural gem imbued with sumptuous antique decoration, adorned with exquisite details and gold leaf that give each corner of the residence an atmosphere of luxury and elegance.

From 29,500 € / week

From 26,000 € / week

Luxury apartment – Paris, France

Situated on Avenue Montaigne, a stone’s throw from the luxury shops, well-known restaurants and iconic monuments, this apartment offers an exclusive experience for those looking for the height of Parisian luxury.

Prestigious apartment – Paris, France

Welcome to this sumptuous apartment, a hallmark of modernity and elegance at the heart of Paris’ prestigious 16th arrondissement. An icon of charm in the City of Light, embodying Parisian style in all its splendor.

From 13,500 € / week

From 6,500 € / week

Beautiful apartment – Paris, France

Welcome to this exceptional apartment located in the prestigious 16th arrondissement. A perfect blend of modernity and elegance, this property offers a luxurious stay in one of the most sought-after neighborhoods in Paris.

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March 6, 2024March 4, 2024

In the Media – Trends and Update for 2024, by BARNES

Welcome to a comprehensive exploration of the “Trends and Updates of the New York Real Estate Market in 2024.” In this article, we delve into the dynamic landscape of one of the world’s most iconic real estate markets, examining the shifts, developments, and emerging patterns that are shaping the city’s property scene in the current year. Join us on this insightful journey as we analyze the pulse of New York’s real estate sector, providing a nuanced understanding of what to expect and how to navigate the evolving market in 2024. Discover what are the trends and updates for 2024 in BARNES’ article for the French American Chamber of Commerce.

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February 7, 2024February 7, 2024

BARNES Global Property Handbook 2024

Despite the global economic instability and the return of inflation, luxury real estate has once again proved itself as the ultimate safe haven investment against uncertainty. The BARNES Global Property Handbook, published once a year, gives an insight on the global real estate markets and the most sought-after destinations. This year, for the first time, a Middle Eastern city is top of the Top 5 of the BARNES City Index, and not just any city, Dubai. Following the Emirates capital are Miami, New York, Madrid and finally Paris.

« Driven by a real business spirit, upmarket buyers are now exhibiting an attitude for diversification, not only in the type of properties that interest them […] but also in their location. From New York to Paris and Lisbon, from Miami to Dubai and Saint Tropez, and from the Atlantic Coast to winter sport resorts », comments Thibault de Saint Vincent, President of BARNES.

In that matter, secondary residences are on a roll. Regarding oceanfront destinations, the most coveted destinations are : Saint Barts for its idyllic landscapes and delicious gastronomy, The Hamptons for their peace and quietness, The French Côte d’Azur for its architecture and elegance, South Corsica for its natural and cultural heritage and, finally, Mauritius for its tropical climate and unmatched wildlife.

Furthermore, luxury real estate is in constant evolution and some up-and-coming destinations could become tomorrow’s investments and homes. The British capital London takes the first place thanks to its growing number of Ultra High Net-Worth Individuals. On the second place, we observe Rome, also called the “Eternal City” that keeps attracting for its Dolce Vita. Milan, characterized by a quest for classic elegance but also its gastronomy, stands right behind Rome. Istanbul, in the fourth place, is a destination of exceptional beauty and exponential development. Finally, Barcelona is becoming a safe haven for both Europeans and internationals.

Read the BARNES Global Property Handbook 2024 (EN)

March 1, 2023February 22, 2023

BARNES Global Property Handbook 2023

Despite the global economic instability and the return of inflation, luxury real estate has once again proved itself as the ultimate safe haven investment against uncertainty. The BARNES Global Property Handbook, published once a year, gives an insight on the global real estate markets and the most sought-after destinations. This year, the Top 5 of the BARNES City Index is in fact contradictory, with Paris, the european staple, standing at the top of the ranking. Following the French capital are three U.S cities : Miami, New York and Austin. Finally, Dubai takes on the 5th position with its impressive economic vitality.

In that matter, secondary residences are on a roll. Regarding oceanfront destinations, the most coveted destinations are : Saint Barts for its idyllic landscapes and delicious gastronomy, The Hamptons for their peace and quietness, The French Côte d’Azur for its architecture and elegance, Guanacaste for its natural and cultural heritage and, finally, Mauritius for its tropical climate and unmatched wildlife.

Furthermore, luxury real estate is in constant evolution and some up-and-coming destinations could become tomorrow’s investments and homes. Tokyo occupies the first place of this ranking with its high productivity and property prices that keep rising. The british capital London takes the second place thanks to its growing number of Ultra High Net-Worth Individuals. On the third place, we observe Rome, also called the “Eternal City” that keeps attracting for its Dolce Vita. Monaco, known for its political stability and safety but also its gastronomy, stands right behing Rome. Finally, Madrid is becoming a safe haven for both europeans and internationals.

Read the BARNES Global Property Handbook 2023 (EN)

November 8, 2022November 9, 2022

New York real estate outlook with Yann Rousseau

Meet Yann Rousseau, director of BARNES New York, who reviews the New York real estate market.

In this traditionally very active autumn from the point of view of the New York real estate market, and while it seemed to have regained its historical seasonality, we are seeing a clear slowdown in activity.

And this is happening on both sides of the table, with sellers withdrawing their properties to wait for better days, and buyers who are no longer in a hurry because of the impact of the downturn in the market and the rise in interest rates. At the same time, the strong dollar, to the detriment of the euro in particular, is also slowing down foreign investment. The New York real estate market is therefore sluggish, typically a buyers’ market, although this is not translating into lower prices at this stage. Nevertheless, we can expect better negotiation margins.

In the old, but especially in the new. Again, while individual sellers in New York can afford to wait until activity picks up (probably next spring), developers (or “sponsors” in New York parlance) do not have this freedom, with financing and regulatory deadlines pressing them to clear their inventory as soon as possible. Thus, it is rather towards this type of product that one should concentrate today and thus take advantage of a brief window of opportunity where one can go and negotiate some “sales”, all things considered. With the right project and negotiation approach, double-digit discounts can be expected.

This market opportunity, mainly in new construction, will not last. Buyers, especially those with existing dollars (or dollar assets), would be well advised to position themselves in the next six months. For, barring any new exogenous events, a recovery is expected by the spring of 2023.

February 9, 2022March 30, 2022

BARNES Global Property Handbook 2022

During the health crisis, acquisitions continue! Everyone had to adapt during those two years and the wealthiest did the same. In a context of faster than expected economic recovery, the ranking of major international cities has once again been turned upside down. The BARNES Global Property Handbook, published once a year, dives deep inside the global real estate markets and the last edition is fresh off the press, showing promising results for cities like Miami, Austin, Tokyo, Geneva and Paris, making up the Top 5 of the BARNES City Index, a mix of safe bets and bets on economic attractiveness.

«In 2022, the BARNES City Index has never been so varied,highlighting meteoric rises like Madrid, Moscow and Prague, but also traditional safe bets like London, New York and Tokyo. The reflection of the changes caused by the health crisis and especially the ability of the great fortunes to adapt», comments Thibault de Saint Vincent, President of BARNES.

At the top of the ranking appear five cities that haveconvinced investors both for their attractiveness and their fundamentals: Miami, already surprised by the Top 2020 where it was 4th, takes 1st place, followed by Austin which jumps from 24th to 2nd place. Tokyo remains good third, followed by Geneva which progresses from 8th to 4th place and Paris, rising from 7th to 5th place. The United States are therefore taking the lion’s share due to rapid economic developments, while Japan and Europe, the «Old Wave», are managing to reinvent themselves.

«Old Europe is regaining its former status, with five cities in the Top 10 (Geneva, Paris, London, Madrid, Stockholm), testifying to a return to the traditional safe values that were, before the health crisis, the great regulars of the BARNES City Index,» explains Thibault de Saint Vincent. The same is true for New York and Toronto, which are also making a comeback.

Read the BARNES Global Property Handbook 2022 online