France experienced a housing boom between 1997 and 2007 where the house prices was up by 150 percent but has since then become more stable in the following years.
After an average fall of 1.7 percent between 2012 and 2015, house prices started to rise again in 2016.
Paris led the charge with sales and prime prices picking up in early 2017. A year later, this confidence spread to France’s regional markets,
first Provence and the French Riviera, then Gascony and the French Alps. Now, major events and developments like the 2024 Paris Summer Olympics,
Grand Paris Project (due in 2030) are predicted to likely revive the interest in prime properties in central and outer Paris.
France’s lifestyle, accessibility and climate are major draws with Monaco and the Côte d’Azur arguably home to one of the largest concentrations of wealth globally.
In 2019, French Riveria showed the highest price per square meter followed by the areas mainly in the French Alps, Paris, Provence, and Southwest of France.
Despite the pandemic, house prices increased 6.4% during 2020 – the highest growth since 2010. No restrictions on foreign ownership in France,
majorly freehold properties, and fixed French mortgage market are all factors that are attractive to foreign buyers in France.