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Meanwhile, younger generations struggle to get on the housing ladder, with high rents for poor quality property.
It is also a reflection of better quality property coming to market in this sector which is now targeting owner-occupiers rather than landlords".
In general, she added, "Paris prices have gone down as much as 20percentt on the Right Bank, but less so on the Left Bank, where the rarity of good quality property keeps prices buoyant".
"On the assumption that you would go to that location and rent a similar quality property for that one or two weeks every year for the next 10 years," he said, "the answer is yes, they are good investments".
According to Charles Roberts, manager of the Estoril/Cascais Riveria office of IRG International Realty Group, 3,500 euros a square meter ($461 a square foot) buys a "good quality" property in and around Sintra's historic district.
Often, means to improve one quality property deteriorate another one.
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"We want people to know that Newmark is associated with quality properties and clients," he said.
"The market is still strong for quality properties," said Mr. Harmon, who has sold $35 billion worth of property in the last three years.
"There are many middle-range products remaining on the market, but quality properties sell very well".
Mr. Ivosevic said the government's goal was to end up with quality properties that were sensitive to the environment.
"It's only for well-located, well-leased, institutional quality properties," said Richard T. Leider, a private developer in the Pacific Northwest.
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