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. Read More

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. Read More

Residential Real Estate Market Size

Market Size of Residential Real Estate Industry

France Residential Real Estate Market Summary

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 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

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Residential Real Estate Market Size Summary

The French residential real estate market is poised for significant growth over the forecast period, driven by a combination of resilient demand and strategic government interventions. Despite the challenges posed by the COVID-19 pandemic, which initially caused delays in property transactions, the market demonstrated remarkable resilience with substantial price increases. The government's French Housing Policy plays a crucial role in addressing supply and demand imbalances, focusing on affordable housing and improving living conditions. The market is characterized by a strong preference for detached homes, with a notable increase in sales and prices, particularly in the B2 and C zones, which are experiencing robust demand and supply growth. The presence of both local and international players, such as Nexity and BNP Paribas Real Estate, further underscores the competitive landscape of the market.

The market's recovery is evident in the growing sales of detached homes and the increasing proportion of online real estate transactions, fueled by rising internet penetration and a burgeoning middle-class youth population. Key players like Nexity and Bouygues Immobilier are actively involved in urban renewal projects, reflecting a commitment to sustainable development and infrastructure rehabilitation. The market's segmentation into various zones, each with distinct growth trajectories, highlights the dynamic nature of the French residential real estate sector. As the market continues to evolve, it is expected to attract further investment and development, supported by favorable economic conditions and government initiatives.

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Residential Real Estate Market Size - Table of Contents

1. MARKET INSIGHTS AND DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Dynamics
  1. 1.2.1 Market Drivers
  2. 1.2.2 Market Restraints
  3. 1.2.3 Market Opportunities
3. 1.3 Insights into Technological Innovation in the Residential Real Estate Sector
4. 1.4 Government Regulations and Initiatives
5. 1.5 Supply Chain/Value Chain Analysis
6. 1.6 Porter's Five Forces Analysis
7. 1.7 Impact of COVID-19 on the Market
2. MARKET SEGMENTATION
1. 2.1 By Property Type
  1. 2.1.1 Apartments and Condominiums
  2. 2.1.2 Landed Houses and Villas

Residential Real Estate Market Size 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.