Market Size of France Luxury Residential Real Estate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Luxury Residential Real Estate Market Analysis
France's luxury residential real estate market is expected to register a CAGR of more than 4.5% during the forecast period.
The fact that some parts of France are known around the world has also helped the luxury real estate market.Paris, the French Riviera, Provence, and the West Coast are examples of places that fit this description. These places are well-known due to their exceptional historical, architectural, cultural, and natural legacies. These advantages make the nation a secure location for real estate investments, and they also make it possible for a huge number of prospective buyers to be enchanted by the numerous beautiful locations and first-rate amenities on offer.
Furthermore, the French Riviera is one of the world's most expensive real estate markets, located in France. This market enjoys both an exclusive standard of living and a wealth of high-end cultural and recreational attractions. Most of the demand for luxury homes in this location is supported by ultra-high net-worth individuals (UHNWI), European aristocrats, and international high society. Even during the pandemic crisis, the French Riviera market remained resilient, with high demand and stable price development in the luxury segment.
Real estate investment by foreigners in Paris has resumed. especially given that the dollar now outperforms the euro in terms of exchange rates. For instance, the Barnes network is now selling 33% of the homes in the Marais neighborhood to international buyers. Up to 30% of customers in the 8th arrondissement are from outside of France, compared to 25% in the 7th and 20% in eastern Paris.
