With its Exaltis project in the fancy 16th arrondissement, Cogedim is building apartments with large balconies, a communal garden, bay windows and a view on the iconic Bois de Boulogne, a public park created in the 19th century. Most of its 95 apartments, costing as much as 3.3 million euros, were sold within four months. The project is due to be completed in 2018.
The improved outlook isn’t helping Laroche and other sellers who bought nearthe market’s peak. Laroche has held a few dozen viewings since listing hishome, which is unusually large and expensive for a one-bedroom property.
"I don’t need such a large apartment in such a luxurious area," says Laroche.His favorite thing about the place, he says, is its panoramic view of the French capital. The Elysee Palace, President Hollande’s official residence, is a five-minute walk away.