Founded in 1977, Michael Zengraf Real Estate Group offers high-end properties for sale and rent. It already has 25 agencies established from the Côte d’Azur to Paris via Deauville, Lyon and Gstaad but also in Mauritius, the company continues its development in France and internationally this year.
The year 2022 seems to have been crowned with success for the double triangle brand: the latter recorded 466 million euros in transactions in addition to increasing its turnover by more than 25%. On the strength of this momentum, the group, which has historically been present in the second domestic market in the emblematic seaside resorts of the Côte d’Azur, continues the strategy of diversifying its offer – particularly in the mountains (Megève, Gstaad and Chamonix at the end of the year) and in metropolitan metropolises. At the same time, what makes its value proposition strong remains its scope
Personal services: property management for investment optimization, leasing services (security, labor control, etc.), private concierge, financial brokerage, liaison with private banks, insurance and wealth management services. Added to this is an immersive virtual tour service, a dedicated Life Pension office and other ongoing projects such as the Experience Centre
dedicated to vineyards, another to do with horse farms but also a business and hotel centre.
Network of 50 agencies by 2026
Michaël Zingraf Real Estate owns a total of 25 agencies located in the most prestigious locations on the Côte d’Azur and Provence, as well as in Paris, Deauville, Lyon, Megève, Gstaad and Mauritius. Recently, a new agency has opened in Nice as well as in Biarritz and a third will open in Paris in 2023, in the Marais. By 2026, the brand aims to boost its network to around fifty branches with an average of 6 openings annually. It also has 100,000 potential clients in its credit and more than 2,000 properties in its portfolio. The group wants to become a leader in the real estate sale of high-end properties in France but also internationally. And for this, he can count on his exclusive affiliation, since 2012, with the international real estate network Christie’s, which has just been renewed for an additional 5 years.
Real estate investing remains a safe bet
After the context of the health crisis that halted a large part of real estate transactions, Michaël Zingraf Real Estate has seen a strong return of clients from France and Northern Europe since last year.
Thus many sales of villas worth tens of millions of euros have been recorded in the Bay of Saint-Tropez, as well as in the residential heights of Cannes and Mougins. The residential areas of Cap d’Antibes, Saint Jean Cap Ferrat, Cap Martin and Cap d’Ail remain proven values in the Riviera market, as do Provence with Luberon and Alpilles.