The financial crisis in 2008 led to steep declines in the hose price in France, followed by some large increases. In 2024, the French property market contracted again, with the inflation-adjusted home price declining by *** percent in the fourth quarter of the year.

Graph and download economic data for Residential Property Prices for France (QFRN628BIS) from Q1 1970 to Q4 2024 about France, residential, HPI, housing, price index, indexes, and price.

Housing Index in France decreased to 126.30 points in the fourth quarter of 2024 from 127.64 points in the third quarter of 2024. This dataset provides the latest reported value for - France House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about House Prices Growth

• France house prices dropped 3.5% YoY in Sep 2024, following a decrease of 4.6% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2001 to Sep 2024, with an average growth rate of 3.8%.
• House price data reached an all-time high of 15.4% in Jun 2005 and a record low of -8.0% in Jun 2009.

Paris, Lyon, and Bordeaux are the most expensive cities for residential real estate in France. In Paris, the average square meter price of an apartment was over 9,000 euros in October 2024, while the price for a house was even higher. Apartment prices in Paris went as high as 15,000 euros, depending on the arrondissement.

The France Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Region (Île-De-France, Provence-Alpes-Côte D’Azur, Auvergne-Rhône-Alpes, Nouvelle-Aquitaine and Rest of France). The Market Forecasts are Provided in Terms of Value (USD).

France Luxury Residential Real Estate Market Report is Segmented by Type (Apartments and Condominiums, Villas and Landed Houses), and by Key Cities (Paris, Nantes, Lyon and Other Cities). The Report Offers Market Size and Forecast Values (USD Billion) for all the Above Segments.

The French residential real estate market, valued at €343.52 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 6.75% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, a consistently strong demand for housing, particularly in urban centers like Paris and other major cities, coupled with limited supply, is pushing prices upward. Secondly, favorable government policies aimed at stimulating homeownership and supporting the construction industry contribute to market dynamism. The market is segmented primarily by property type, with apartments and condominiums comprising a significant share, followed by landed houses and villas. This segmentation reflects varying buyer preferences and affordability levels. Growth is further influenced by evolving consumer preferences, including increasing demand for sustainable and energy-efficient homes, leading developers to incorporate eco-friendly features into new constructions. While rising interest rates pose a potential restraint, the underlying demand and government support are expected to mitigate this impact, ensuring continued market expansion in the forecast period. Competitive forces within the sector, with prominent players like Sogeprom, Bouygues Immobilier, and Vinci Immobilier, drive innovation and efficiency within the industry. Regional variations are expected, with Paris and its surrounding Île-de-France region likely exhibiting stronger growth compared to other areas. The substantial growth forecast for the French residential market presents significant opportunities for investors and developers. However, managing risks associated with fluctuating interest rates and regulatory changes remains crucial. Strategic partnerships, diversification of property portfolios, and focus on meeting evolving consumer preferences (sustainability, location, smart home features) will be key to success in this competitive environment. Analyzing regional variations in demand and supply is critical for targeted investment decisions. Given the considerable market size and consistent growth projections, the French residential real estate sector is poised for continued expansion throughout the forecast period, making it an attractive market for both domestic and international players. Recent developments include: 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.. Key drivers for this market are: Green And Sustainable Buildings Initiatives, Urbanisation and Tousrism Growth. Potential restraints include: Decliing Crude Oil Prices. Notable trends are: Detached Home Sales are Witnessing Lucrative Growth.

Residential Property Prices in France decreased 1.86 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for France Residential Property Prices.

This statistic illustrates the real estate professionals' opinion of the fluctuation in the number of residential real estate transactions in the nine properties as of 2019 over the twelve months following the survey. At that time, nearly 40 percent of those surveyed thought that the number of residential real estate transactions in new homes would remain stable.

In 2023, the France Real Estate Market reached a value of USD 493.6 million, and it is projected to surge to USD 598.9 million by 2030.

The France Office Real Estate Market Report is Segmented by Building Grade (Grade A, Grade B and More), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by City (Paris, Marseille and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The house price index in France declined in 2023, after peaking in 2022. In the third quarter of 2023, the index value was 132.3, down from 134.3 index points in the same period a year ago. The index was set to 100 in 2015, which means that by the third quarter of 2023, house prices had increased by over 32 percent.

The French residential real estate market, valued at €343.52 million in 2025, is projected to experience robust growth, driven by several key factors. Strong urban population growth, particularly in major cities like Paris and Lyon, fuels consistent demand for apartments and condominiums. Furthermore, a growing preference for sustainable and energy-efficient housing, coupled with government initiatives promoting green building technologies, is shaping the market. The landed houses and villas segment, while representing a smaller portion of the market, shows resilience due to a persistent desire for larger living spaces and suburban living, particularly among higher-income households. However, rising interest rates and inflation pose challenges, potentially impacting affordability and slowing down market momentum in the coming years. Competition among established players like Nexity, Bouygues Immobilier, and Vinci Immobilier, alongside emerging companies, ensures a dynamic market landscape. The market segmentation by property type reflects diverse consumer preferences and economic conditions, with the apartment and condominium sector likely dominating due to higher population density in urban centers. Geographic variations across France, influenced by regional economic activity and demographic shifts, also play a significant role in shaping market performance. The forecast period (2025-2033) anticipates sustained growth but with fluctuating rates reflecting economic cycles and policy adjustments. The projected CAGR of 6.75% suggests a considerable expansion of the French residential real estate market throughout the forecast period. This growth is expected to be unevenly distributed across different regions and property types, with metropolitan areas experiencing higher demand and potentially faster growth compared to rural areas. While the market faces potential headwinds from economic uncertainties, the underlying drivers of population growth and evolving housing preferences suggest a long-term positive outlook. Government policies related to housing affordability and sustainable development will play a crucial role in shaping future market trends. Continuous monitoring of interest rates, inflation, and consumer confidence will be essential to accurately predict short-term market fluctuations within the context of this long-term growth trajectory. Analyzing data related to construction permits, housing starts, and sales transactions will be invaluable for refining market projections and gaining a clearer understanding of market dynamics within different segments and regions. Recent developments include: 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.. Notable trends are: Detached Home Sales are Witnessing Lucrative Growth.

The house price to income ratio in Francedecreased by 8.3 index points in the second quarter of 2023, compared to the same period the previous year, reflecting a slowdown in the housing market. In 2023, the house price to income ratio amounted to 104.5 index points. The ratio is calculated by dividing nominal house prices by disposable income per head, with the index value of 100 in 2015. A ratio of 110 index points shows that house prices have grown 10 percent faster than income since 2015.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

France Luxury Residential Real Estate Market size was valued at USD 45.2 Billion in 2024 and is projected to reach USD 68.7 Billion by 2032 growing at a CAGR of 5.4% from 2025 to 2032.

Key Market Drivers: Strong Demand from High-Net-Worth Individuals: According to the French Wealth Management Report 2024, the number of High-Net-Worth Individuals (HNWIs) in France has risen by 9% in the last five years, increasing demand for high-end residences in cities such as Paris, Nice and Lyon. The growing number of wealthy individuals in France is driving up demand for luxury residential properties.

Foreign Investment: Foreign purchasers remain a major driver of the French luxury real estate market, particularly in Paris. In 2023, the French Property Federation (FNAIM) stated that foreign buyers accounted for about 30% of luxury property transactions in Paris, primarily from China, Russia and the Middle East.

The house price index for newly built homes in Mainland France declined in 2023, after peaking in the fourth quarter of 2022. In the third quarter of 2023, the index value amounted to 130 index points, an increase of 0.3 percent from the same period in 2022. The highest increase in home prices was observed in the fourth quarter of 2005 when prices rose by almost 13 percent. Meanwhile, prices for second-hand homes increased at a slightly faster rate. The index measures the development of prices for newly built homes, with 2015 chosen as a base year. An index value of 130 means that home prices rose by 30 percent since 2015.

New version 2.0.0 with majors change

For free and complete informations concerning CASSMIR datasets, please visit our website (in French).

The CASSMIR database (Contribution to the Spatial and Sociological Analysis of Residential Real Estate Markets) is a spatial and population datasets on housing property market of the Parisian metropolitan area, from 1996 to 2018. The indicators in the CASSMIR database cover four "thematic areas of investigation" : prices, socio-demographic profile of buyers and sellers, purchasing regimes and types of property transfers and types of real estate. These indicators characterize spatial units at three scales (communal level, 1km grid and 200m grid) and population groups of buyers and sellers declined according to social, generational and gender criteria. The delivery of the database follows a series of matching and aggregation of individual data from two original databases : a database on real estate transactions (BIEN database) and a database on first-time buyer investments (PTZ database). CASSMIR delivers aggregated data (with nearly 350 variables) in open access for non-commercial use.

This repository consists of sevenfiles.

"CASSMIR_SpatialDataBase" is a Geopackage file, it lists all the data aggregated to spatial units of reference. It is composed of three layers that correspond to the geographical scale of aggregation: at a communal level, a grid of one kilometer on each side and a grid of two hundred meters on each side.

"CASSMIR_GroupesPopDataBase" is a .csv file, it lists all the data aggregated to population groups of reference. There are three types of population groups : groups referenced by the social position of the buyers/sellers (social group), groups referenced by the age group to which the buyers/sellers belong (generational group), groups referenced by the sex of the buyers/sellers (gender group).

Two metadata files (.csv) lists the metadata of the indicators made available. They are systematically structured as follows :

• Id_var: the identifier of the variable contained in "CASSMIR_SpatialDataBase" or "CASSMIR_GroupesPopDataBase"
• Unite d'observation des variables descriptives : descriptive units of observation (Prices, buyers, sellers...)
• Type d'information : precision on the type of information
• Label : Description of the contents of the variable
• Indicator_Group: The group of indicators to which the variable relates (prices, socio-demographics indicators of buyers and sellers...)
• Unit : The unit of measurement of the variable
• Spatial_Availability : A precision on the availability of the variable in the spatial database (communes, 1 km grid and 200m grid)
• GroupesPop_Availability : A precision on the availability of the variable in the population groupes database (Social, generational , gender)
• Data_Source: The main origin of the data (INSEE, BIEN and/or PTZ)
• Remarques : possible remarks on the construction of the variable

"BIENSampleForTest" and "PTZSampleForTest" are two .txt files which restore a sample of individual data from each of the original databases. All data were anonymized and the values randomized. These two files are specifically dedicated to reproducing the different stages of processing that lead to the production of the CASSMIR files ("CASSMIR_SpatialDataBase" or "CASSMIR_GroupesPopDataBase") and cannot be used in any other way.

"LEXIQUE" is a glossary of terms used to name the variables (.csv).

The creation of the database was funded by the National Reseach Agency (ANR WIsDHoM https://anr.fr/Projet-ANR-18-CE41-0004).

All CASSMIR documentation (in French) and R codes are accessible via the Gitlab repository at the following address : https://gitlab.huma-num.fr/tlecorre/cassmir.git

METADATA :

• Licence

This dataset is registered under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) license. You are free to copy, distribute, transmit, and adapt the data, provided that you give credit to the CASSMIR data base and specify the original source of the data. If you modify or use the data in other derivative works, you may distribute them only under the same license. You may not make commercial use of this database, nor may you use it for any purpose other than scientific research.

• Citation standard

- Figures: (CC - CASSMIR database, indicator(s) constructed from XXX data)

- Bibliography : Productions that use the CASSMIR database must reference the dataset and the data paper.

Dataset: Le Corre T., 2020, CASSMIR (Version 2.0.0) [Data set], Zenodo. http://doi.org/10.5281/zenodo.4497219

Data paper: Thibault Le Corre, « Une base de données pour étudier vingt années de dynamiques du marché immobilier résidentiel en Île-de-France », Cybergeo: European Journal of Geography [En ligne], Data papers, article No.992, mis en ligne le 09 août 2021. URL : http://journals.openedition.org/cybergeo/37430 ; DOI : https://doi.org/10.4000/cybergeo.37430

• Data paper title

"Une base de données pour étudier vingt années de dynamiques du marché immobilier en Île-de-France"

• Author

Thibault Le Corre

• Keywords

Housing market, data base, Île-de-France, spatio-temporal dynamics

• Related Publication

DOI : https://doi.org/10.4000/cybergeo.37430

• Language

French

• Time Period Covered

The time period covered by the indicators in the database depends on the data sources used, respectively:
For data from BIEN: 1996, 1999, 2003-2012, 2015, 2018
For data from PTZ: 1996-2016

• Kind of data

Nature of data submitted

• vector: Vector data

• grid: Data mesh

• code: programming code (see the website or GitLab of the project)

• Data Sources

Base BIEN

Base PTZ

• Geographical Coverage

Île-de-France region

• Geographical Unit

Municipalities and grid mesh elements (1km side grid and 200 side grid) concerned by real estate transactions

• Geographic Bounding Box

Reference Coordinate System (RCS): EPSG 2154 RGF93/Lambert 93.

- Xmin : 586421.7
- Xmax : 741205.6
- Ymin : 6780020
- Ymax : 6905324

• Type of article

Data Paper

The French office real estate market, valued at approximately €X billion in 2025 (assuming a market size "XX" represents a figure in billions), is projected to experience steady growth, with a compound annual growth rate (CAGR) of 3.70% from 2025 to 2033. This growth is driven by several key factors. The resurgence of Paris as a global business hub, coupled with ongoing development in secondary cities like Marseille and Lyon, fuels demand for modern, sustainable office spaces. Technological advancements, particularly the increasing adoption of flexible work models and smart building technologies, are reshaping the office landscape, influencing design and operational efficiency. Furthermore, government initiatives aimed at promoting urban regeneration and attracting foreign investment contribute to the positive outlook. However, challenges remain. The market faces potential headwinds from economic fluctuations, geopolitical uncertainties, and the evolving needs of businesses adapting to remote and hybrid work arrangements. Competition amongst established players like JLL France, Knight Frank, CBRE France, BNP Paribas Real Estate, and Cushman & Wakefield, along with developers such as Hines, RedMan, Kaufman & Broad SA, Hermitage Group, and Legendre Group, is fierce, requiring strategic adaptation and innovation to capture market share. The segmentation by key cities highlights Paris's dominant position, but the growth potential in Marseille and Lyon, and other cities, offers opportunities for expansion and diversification. The forecast period (2025-2033) reveals a trajectory of consistent, though moderate, growth. The initial market size, combined with the projected CAGR, suggests a gradual increase in market value, influenced by both the absorption of new office stock and the ongoing adaptation of existing spaces to meet evolving tenant demands. This growth will likely be uneven across different city segments. While Paris maintains its leading position, secondary cities could see faster growth rates due to their relatively lower initial market penetration. The success of individual companies will depend heavily on their ability to anticipate and respond to these dynamic market trends, including the integration of sustainability practices, the provision of flexible lease terms, and the adoption of technological solutions that enhance the office experience. Further, effectively managing risks associated with economic uncertainty and adapting to changing work patterns will be crucial for long-term success in this competitive market. Recent developments include: June 2022: Along with Paris-based specialist investor and asset management, Atlantic Real Estate, ICG Real Estate, ICG's real estate subsidiary, developed a new investing platform. The platform aids in purchasing or developing light industrial and last-mile logistics properties around Greater Paris and other significant French population centers. This platform is aiming to build a portfolio with a gross asset value of at least EUR 500 million ( USD 531 Million)., April 2022: Business Immo, France's top commercial real estate news service, has been acquired by CoStar Group Inc., a major provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets. With the addition of Business Immo, their increasing global presence gains another premium asset.. Notable trends are: Paris city with highest rental growth trend per annum.