Luxury real estate in France has been growing constantly for several years. Foreign buyers are the main players in this market, attracted by the cultural and historical heritage, as well as the political and economic stability of the country. luxury real estate market continues to grow, offering promising prospects for foreign and domestic investors.
The luxury real estate market in France has experienced constant growth in recent years. According to data from some reports, the luxury real estate market in France has recorded an average annual growth of 3.3% over the past ten years. The figures also show a sharp increase in luxury property prices in France, notably in Paris, where prices increased by 9.5% in 2020, despite the pandemic.
The luxury real estate market in France is mainly driven by foreign buyers, particularly those from Gulf countries and Russia. These buyers are often attracted by the cultural richness of France, its historical heritage and its art of living. They are also attracted by France's political and economic stability, which makes it a safe place to invest.
The luxury real estate market in France is mainly concentrated in large cities, such as Paris, Nice, Cannes, Lyon and Bordeaux. However, the coastal regions of the Côte d'Azur and Provence are also popular with luxury property buyers.
Luxury real estate prices in 20 major cities in France
prices in France vary greatly depending on the city and region , as well as the size and quality of the property. According to data from some reports, the average price of a luxury property in France is around 1.2 million euros, but this can vary significantly depending on the location and characteristics of the property.
In terms of the number of sales, the luxury real estate market in France has seen constant growth in recent years. Data shows that the number of property transactions over €2 million increased by 15% in 2020, despite the pandemic and travel restrictions.
In addition, foreign investment in luxury real estate in France has also increased in recent years. According to some reports, foreign investment in luxury real estate in France increased by 7% in 2020, reaching almost 17 billion euros.
| Luxury real estate prices in renowned cities in France |
However, the pandemic has had an impact on the luxury real estate market in France, as it has for the entire real estate market in general. Travel restrictions have made it more difficult for potential buyers to view properties, slowing the market. However, the ongoing economic recovery and the easing of restrictions should help strengthen the luxury real estate market in France in the coming months.
Finally, it is important to note that the luxury real estate market in France is a dynamic market, which can be influenced by many factors, including the global economic situation, government policies, interest rates and fluctuations financial markets. Professionals in the sector are therefore always on the lookout for these factors. Our online Price pages on Google .
