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 |
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.
France Luxury Residential Real Estate Industry Segmentation
Luxury residential real estate refers to properties that are exclusively designed for human occupation and that provide charm and resort life with high-end amenities. The luxury residential real estate market in France is divided into three categories: apartments and condominiums, villas and landed houses, and key cities (Paris, Nantes, Lyon, and others). The report offers market size and forecast values in (USD) for all the above segments.
| Type | |
| Apartments and Condominiums | |
| Landed Houses and Villas |
| By Key Cities | |
| Paris | |
| Nantes | |
| Lyon | |
| Other Cities |
France Luxury Residential Real Estate Market Size Summary
The luxury residential real estate market in France is poised for steady growth, driven by the allure of its iconic locations such as Paris, the French Riviera, Provence, and the West Coast. These areas are renowned for their rich historical, architectural, and cultural heritage, making them attractive to both domestic and international buyers. The French Riviera, in particular, stands out as one of the most exclusive and expensive real estate markets globally, appealing to ultra-high net-worth individuals and international high society. Despite challenges like the pandemic, the market has shown resilience, with sustained demand and stable pricing in the luxury segment. The return of foreign investment in Paris, bolstered by favorable exchange rates, further underscores the market's appeal, with significant portions of sales attributed to international buyers in key neighborhoods.
The market dynamics are also influenced by domestic trends, with French citizens increasingly seeking second homes and upgrading their existing residences. The pandemic has shifted preferences towards detached homes, particularly in suburban areas, as buyers prioritize quality of life and modern living spaces. The luxury market in Paris is experiencing a rise in property prices, with expectations of surpassing London in terms of high-end property values. The market is characterized by a mix of local and global players, with key companies like Sotheby's International Realty and John Taylor actively expanding their presence through strategic partnerships and acquisitions. Overall, the French luxury residential real estate market is marked by a blend of international interest and domestic demand, contributing to its robust growth trajectory.
France Luxury Residential Real Estate Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Current Market Scenario
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1.2 Market Dynamics
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1.2.1 Drivers
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1.2.2 Restraints
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1.2.3 Opportunities
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers/Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Industry Value Chain Analysis
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1.5 Technological Innovations in the Luxury Residential Real Estate Market
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1.6 Government Regulations and Initiatives in the Industry
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1.7 Insights into the Key Luxury Residential Real Estate Market (Supply, Rentals, Prices, Occupancy/Vacancy (%))
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1.8 Insights into Luxury Residential Real Estate Construction Costs
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1.9 Impact of the COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Apartments and Condominiums
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2.1.2 Landed Houses and Villas
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2.2 By Key Cities
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2.2.1 Paris
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2.2.2 Nantes
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2.2.3 Lyon
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2.2.4 Other Cities
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France Luxury Residential Real Estate Market Size FAQs
What is the current France Luxury Residential Real Estate Market size?
The France Luxury Residential Real Estate Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in France Luxury Residential Real Estate Market?
Sotheby's International Realty Affiliates LLC, John Taylor, Daniel Feau, Propriétés Le Figaro and HAUSSMANNREALESTATE are the major companies operating in the France Luxury Residential Real Estate Market.
