Market Size of Residential Real Estate Industry
| 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 |
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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.
