Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in France has been experiencing significant growth and development in recent years.
Customer preferences: One of the key customer preferences in the French Real Estate market is the demand for properties in urban areas. With a high population density and limited space, urban areas in France are highly sought after by buyers. Additionally, there is a growing trend of customers looking for properties with eco-friendly features, such as energy-efficient appliances and sustainable building materials.
Trends in the market: One of the major trends in the French Real Estate market is the increasing demand for rental properties. This trend can be attributed to several factors, including the rising cost of homeownership, changing lifestyles, and the flexibility that renting offers. As a result, there has been a surge in the construction of rental properties, particularly in major cities like Paris and Lyon. Another trend in the market is the growing popularity of co-living spaces. Co-living spaces provide affordable and flexible accommodation options for young professionals and students. These spaces often offer shared amenities and communal areas, fostering a sense of community among residents. Co-living spaces have gained traction in France due to the rising cost of living and the desire for social connections.
Local special circumstances: One of the unique aspects of the French Real Estate market is the strict regulations and planning laws. These regulations aim to protect the architectural heritage and maintain the aesthetic appeal of cities and towns. As a result, there are limitations on new construction projects, particularly in historic areas. This can lead to a shortage of available properties, driving up prices and creating a competitive market.
Underlying macroeconomic factors: Several macroeconomic factors contribute to the development of the Real Estate market in France. The country's stable economy, low interest rates, and favorable mortgage conditions have made property ownership an attractive investment option. Additionally, the influx of international buyers, particularly from neighboring European countries, has further fueled the demand for properties in France. Furthermore, the government has implemented various initiatives to support the Real Estate market, such as tax incentives for first-time homebuyers and measures to encourage energy-efficient renovations. These policies have incentivized individuals and businesses to invest in the Real Estate market, driving its growth and development. In conclusion, the Real Estate market in France is experiencing growth and development driven by customer preferences for urban properties and eco-friendly features. The market is also characterized by trends such as the increasing demand for rental properties and the popularity of co-living spaces. Special circumstances, such as strict regulations and planning laws, contribute to the unique dynamics of the market. Underlying macroeconomic factors, including a stable economy and government initiatives, further support the growth of the Real Estate market in France.
Data coverage:
Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
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