France Residential Real Estate Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 343.52 Billion |
| Market Size (2029) | USD 476.20 Billion |
| CAGR (2024 - 2029) | 6.75 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Residential Real Estate Market Analysis
The Residential Real Estate Market size is estimated at USD 343.52 billion in 2024, and is expected to reach USD 476.20 billion by 2029, growing at a CAGR of 6.75% during the forecast period (2024-2029).
The COVID-19 pandemic impacted the residential real estate market in France. In addition, the market experienced delays and postpones in selling or buying a property.
Despite the pandemic, the housing market in France was resilient, with the highest price rises in a decade. According to the National Institute for Statistical and Economic Studies (INSEE), Metropolitan France experienced a robust 5.85% growth in house prices in 2021 compared to 2020 Q1, followed by Île-de-France, Petite Couronne, Grande Couronne, and Hauts-de-Seine.
Furthermore, the marketing of new homes in 2021 increased significantly but remained below the pre-crisis level. According to the Ministry of Housing, the market is struggling in some areas (including Paris, Côte d'Azur, and the Swiss border). In 2021, more than 104,447 housing units were put up for sale, compared to 21% in 2020 and 8.8% in 2019.
Meanwhile, the public sector plays a vital role in developing the French housing market by introducing different strategies, such as the French Housing Policy, which is the government's housing strategy. These strategies focus on balancing housing supply and demand, building better and cheaper housing units, meeting the needs of every individual, protecting the most vulnerable, and improving the living conditions of French citizens.
France Residential Real Estate Market Trends
This section covers the major market trends shaping the Residential Real Estate Market according to our research experts:
Detached Home Sales are Witnessing Lucrative Growth
In Q2 2021, the reservations for single-detached homes experienced a significant growth rate of more than 18.9% compared to the same quarter in 2020. Despite the disruption caused in the housing market due to the pandemic, detached home sales rose in 2021 compared to 2020. The sales are in a recovery phase to reach the pre-pandemic level.
Moreover, the rebound in detached home sales accounted for a growth rate of more than 48% between Q1 2021 and Q2 2021, accompanied by a dynamic annual trend compared to apartments. Meanwhile, the demand is increasing as 75% of people in France dream of living in a detached house with a garden, as per the survey conducted by France's housing ministry.
The average price for detached homes per batch is also increasing significantly. In Q2 2021, the sales price reached more than EUR 330,500 with a growth rate of 7.6%.
Increasing Demand and Supply of Housing Units in B2 and C Zones
The supply of housing units in France is broken down into four zones - A bis (includes Ile-de-France, Côte d'Azur, and the border area with Switzerland), B1 (conurbations with more than 250,000 inhabitants), B2 (municipalities with more than 50,000 inhabitants), and C (rest of the territory).
The B2 zone is experiencing more than 12% sales growth and 14% growth in the reservation of housing units. The demand in this zone increased by 40.8% in 2021 compared to 2020, whereas the supply is at 23.7%. The C zone represents only 5% of real estate development. Also, it experienced strong demand growth of 54% and supply growth of 87.8% in Q2 2021 compared to the previous year.
The increasing demand and supply in B2 and C zones are supported by detached housing unit sales. Meanwhile, apartment sales and reservations are witnessing lucrative growth in the B1 zone.
In addition, in Q1 2021, more than 17,760 outstanding housing units (including detached homes and apartments) were offered from B2 and C zones to meet the increasing demand from customers.
France Residential Real Estate Industry Overview
The French residential real estate market comprises local and international players. Few players dominate the market. Some of the key real estate players in the market are Nexity, Bouygues Immobilier, Groupe Pichet, and Icade. The country also has the presence of some international players, such as BNP Paribas Real Estate and LinkCity. The sales proportion of residential real estate properties through the online market has consistently grown due to the rising internet penetration, increasing demand, increased personal disposable incomes, surging middle-class youth population, and opportunities for government infrastructure investments.
France Residential Real Estate Market Leaders
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Nexity
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Bouygues Immobilier
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Groupe Pichet
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Icade
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BNP Paribas Real Estate
*Disclaimer: Major Players sorted in no particular order
France Residential Real Estate Market News
- January-2022: Nexity (a major integrated real estate group) and Meridiam (a purpose company specializing in sustainable infrastructure) partnered to support local authorities in the rehabilitation of city centers in France. This partnership supports major urban projects to rehabilitate run-down housing, clean up infrastructure (buildings and housing, etc.), and conduct urban renewal operations.
- June-2021: Fnac Darty (leading omnichannel player in Europe) and Nexity (a major integrated real estate group) entered a commercial partnership to meet their consumers' needs by combining their respective expertise and shared values of proximity, service quality, and accessibility.
France Residential Real Estate Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunities
4.3 Insights into Technological Innovation in the Residential Real Estate Sector
4.4 Government Regulations and Initiatives
4.5 Supply Chain/Value Chain Analysis
4.6 Porter's Five Forces Analysis
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Property Type
5.1.1 Apartments and Condominiums
5.1.2 Landed Houses and Villas
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 Nexity
6.2.2 Bouygues Immobilier
6.2.3 Groupe Pichet
6.2.4 Icade
6.2.5 Vinci Immobilier
6.2.6 Promogim
6.2.7 Linkcity
6.2.8 Sogeprom
6.2.9 BNP Parisbas Real Estate
6.2.10 Eiffage Immobilier
6.2.11 VINGT Paris
6.2.12 iadFrance
6.2.13 BSK Immobilier*
- *List Not Exhaustive
7. FUTURE OF THE RESIDENTIAL REAL ESTATE MARKET IN FRANCE
8. APPENDIX
France Residential Real Estate Industry Segmentation
Residential real estate refers to properties that are exclusively designed for human occupation. The report provides key insights into the French residential real estate market. It includes technological developments, trends, and initiatives taken by the government in this sector, along with a focus on the market dynamics. Additionally, the competitive landscape of the market is shown through the profiles of key players. The market is segmented by property type. The report offers market size and forecast in value (USD billion) for all the above segments.
| By Property Type | |
| Apartments and Condominiums | |
| Landed Houses and Villas |
France Residential Real Estate Market Research FAQs
How big is the Residential Real Estate Market?
The Residential Real Estate Market size is expected to reach USD 343.52 billion in 2024 and grow at a CAGR of 6.75% to reach USD 476.20 billion by 2029.
What is the current Residential Real Estate Market size?
In 2024, the Residential Real Estate Market size is expected to reach USD 343.52 billion.
Who are the key players in Residential Real Estate Market?
Nexity, Bouygues Immobilier, Groupe Pichet, Icade and BNP Paribas Real Estate are the major companies operating in the Residential Real Estate Market.
What years does this Residential Real Estate Market cover, and what was the market size in 2023?
In 2023, the Residential Real Estate Market size was estimated at USD 321.80 billion. The report covers the Residential Real Estate Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Residential Real Estate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
France Residential Real Estate Industry Report
Statistics for the 2024 France Residential Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. France Residential Real Estate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
