The French real estate market has been experiencing significant growth and development in recent years. According to the Notaires de France, the cumulative volume of transactions in old properties over the last twelve months in France (excluding Mayotte) reached 1,116,000 transactions at the end of November 2022, still higher than the record set at the end of 2019 before the health crisis. However, the market has been experiencing a slowdown since the fourth quarter of 2021, with a year-on-year decline of -6% since August 2022. Despite this, the upward trend in real estate prices continues, especially for old apartments and houses. The French real estate market is projected to grow by 2.61% between 2023 and 2028, resulting in a market volume of US$28.36tn in 2028.
The future of the French property market will be shaped by various factors
Including technology, the environment, demographics, regulations, and globalization. One of the emerging trends in the French real estate market is the increasing demand for eco-friendly properties. With high electricity prices, a good energy-efficiency rating has become a sought-after factor. Another trend is the demand for properties in urban areas, which are highly sought after by buyers due to high population density and limited space. In addition, there is a growing trend of customers looking for properties with eco-friendly features, such as energy-efficient appliances and sustainable building materials.
The French real estate market is also being shaped by demographic changes.
The aging population is expected to have a significant impact on the market, with more people looking to downsize and move to smaller homes or apartments. The younger generation is also expected to have an impact on the market, with more people looking to buy their first homes. The French government has introduced various regulations to support first-time buyers, such as the zero-interest loan scheme.
Globalization is another factor that is shaping the future of the French property market
The market is becoming increasingly attractive to foreign investors, particularly from China, the United States, and the United Kingdom. The French government has introduced various measures to attract foreign investment, such as the introduction of the “Pacte” law, which aims to simplify the process of investing in France.
In terms of technology, the French real estate market is expected to be transformed by the increasing use of digital platforms and tools. Online real estate platforms are becoming increasingly popular, allowing buyers and sellers to connect more easily and efficiently. Virtual reality technology is also being used to provide buyers with a more immersive experience of properties, allowing them to view properties remotely.
Here are some interesting details about the future of real estate in France :
The French real estate market is projected to grow by 2.61% between 2023 and 2028, resulting in a market volume of US$28.36tn in 2028.
According to a report by ResearchAndMarkets, the French real estate market is expected to grow by 2.61% between 2023 and 2028, resulting in a market volume of US$28.36tn in 2028. This growth is driven by various factors, including the increasing demand for eco-friendly properties, the demand for properties in urban areas, and the growing trend of customers looking for properties with eco-friendly features, such as energy-efficient appliances and sustainable building materials. The aging population is also expected to have a significant impact on the market, with more people looking to downsize and move to smaller homes or apartments. The younger generation is also expected to have an impact on the market, with more people looking to buy their first homes. The French government has introduced various regulations to support first-time buyers, such as the zero-interest loan scheme. The market is also becoming increasingly attractive to foreign investors, particularly from China, the United States, and the United Kingdom. The French government has introduced various measures to attract foreign investment, such as the introduction of the “Pacte” law, which aims to simplify the process of investing in France. Overall, the French real estate market is expected to continue growing and evolving in the next decade, with new trends and developments emerging to meet the changing needs of buyers, sellers, and agents.
The market is becoming increasingly attractive to foreign investors, particularly from China, the United States, and the United Kingdom.
The French real estate market is becoming increasingly attractive to foreign investors, particularly from China, the United States, and the United Kingdom. According to the 2021 EY Attractiveness Survey for France, France held its no. 1 position in 2020, receiving 985 investment projects across the country. For the second year running, it was ahead of the United Kingdom and Germany. The French government has introduced various measures to attract foreign investment, such as the introduction of the “Pacte” law, which aims to simplify the process of investing in France. The French real estate market is projected to grow by 2.61% between 2023 and 2028, resulting in a market volume of US$28.36tn in 2028.
The increasing attractiveness of the French real estate market to foreign investors can be attributed to various factors. One of the main factors is the improvement in the business climate, which has been achieved through various reforms implemented by the French government over the last few years. Another factor is the recent reduction in the corporate tax rate, which has made France more competitive compared to other European countries. In addition, the French real estate market offers a wide range of investment opportunities, including residential, commercial, and industrial properties. The market is also supported by a strong legal framework that protects the rights of investors and provides a stable environment for investment. Overall, the French real estate market is expected to continue attracting foreign investors in the coming years, with new opportunities emerging to meet the changing needs of investors.
The French government has introduced various measures to attract foreign investment, such as the introduction of the “Pacte” law, which aims to simplify the process of investing in France.
The French real estate market is becoming increasingly attractive to foreign investors, particularly from China, the United States, and the United Kingdom. According to the 2021 EY Attractiveness Survey for France, France held its no. 1 position in 2020, receiving 985 investment projects across the country. For the second year running, it was ahead of the United Kingdom and Germany. The French government has introduced various measures to attract foreign investment, such as the introduction of the “Pacte” law, which aims to simplify the process of investing in France. The French real estate market is projected to grow by 2.61% between 2023 and 2028, resulting in a market volume of US$28.36tn in 2028.
The increasing attractiveness of the French real estate market to foreign investors can be attributed to various factors. One of the main factors is the improvement in the business climate, which has been achieved through various reforms implemented by the French government over the last few years. Another factor is the recent reduction in the corporate tax rate, which has made France more competitive compared to other European countries. In addition, the French real estate market offers a wide range of investment opportunities, including residential, commercial, and industrial properties. The market is also supported by a strong legal framework that protects the rights of investors and provides a stable environment for investment. Overall, the French real estate market is expected to continue attracting foreign investors in the coming years, with new opportunities emerging to meet the changing needs of investors.
In conclusion, the French real estate market is expected to continue growing and evolving in the next decade. While there are challenges and uncertainties, such as the impact of the COVID-19 pandemic and the changing regulatory environment, the market is expected to remain attractive to buyers, sellers, and agents alike. The market will continue to be shaped by various factors, including technology, the environment, demographics, regulations, and globalization. By keeping up with these trends and developments, buyers, sellers, and agents can stay ahead of the curve and make informed decisions about the future of the French property market.
