Market Trends of France Prefabricated Buildings Industry
Advanced Solutions in The Construction Sector to Help Boost the Prefab
The industry is using new materials and digital technologies that make it easier to design and make changes, make manufacturing more precise and productive, and make logistics easier.Some builders are focusing on sustainability, good looks, and the higher end of the market to change the old idea that prefabricated housing is ugly, cheap, and of low quality.There is mounting evidence that this disruption is now happening. Many construction, real estate, and infrastructure clients are already adopting a more industrialized model or developing strategies on how they can do so.
A 3D volumetric approach has the potential to be the most efficient and save the most time, but it comes with costs for shipping and size limits. Maximizing productivity benefits 3D volumetric solutions are fully fitted-out units, which could constitute a room or part of a room, that can be assembled onsite like a series of Lego bricks. They are being developed in timber, steel, or concrete, with the first two materials being more common due to weight and logistics advantages. Onsite assembly involves lifting the modules into place and connecting services such as electrical and plumbing.
Growing investments in Real Estate boosting the Market
France is one of the continent's major investment markets. France is appealing to property investors due to its stable economy and legal framework, as well as its history and culture. Currently, France can count on low interest rates and a rental market that is expanding, particularly in major cities such as Paris, Lyon, and Bordeaux. While this has drawn institutional investors interested in retail and tourism, it has also attracted individual investors searching for investment possibilities or second residences.
The French property market remains robust, with the greatest price increases in a decade. House prices in Metropolitan France increased by 5.85% year on year to Q2 2021 (4.41% adjusted for inflation), following a y-o-y rise of 5.86% in Q1, 6.4% in Q4 2020, 5.21% in Q3 and 5.64% in Q2.
Meanwhile, the public sector plays an important role in the development of the French housing market by implementing various plans, such as the French Housing Policy and the government's housing policy. These policies are aimed at balancing housing supply and demand, developing better and cheaper housing units, addressing the requirements of every individual, safeguarding the most vulnerable, and enhancing French residents' living standards.
