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Residential real estate in France - statistics & facts

Few cities in the world enjoy the same reputation as Paris. The French capital city is known universally as a city of history, of culture, and of beautiful architecture. Owning residential property in the world capital of romance, however, comes with a price tag. In different Parisian arrondissements, apartment prices ranged from approximately 9,000 euros per square meter to 15,000 euros per square meter. The priciest arrondissement in the capital city was the 6th arrondissement, which borders the River Seine and is home to the popular district of Saint-Germain-des-Prés and other numerous sights of cultural significance. Prospective home-owners should be willing to spend on average 15,255 euros per square meter in this district. In a European context, Paris is among the priciest cities to live in. Apart from the capital, housing prices in the French cities of Lyon, Villeurbanne, and Nantes were also expensive. In Lyon, the third most populous city in the country, buying an apartment could cost 5,350 euros per square meter on average, which was roughly half of the square meter price in Paris.

Development of the French housing market

With mortgage interest rates at a low point, the French housing market has been hot despite the coronavirus (COVID-19) crisis. While the volume of housing transactions is still below the levels before the pandemic, an upwards trend in the number of new homes sales show that the market is recovering from the devastating effect the pandemic had on the economy and on consumer confidence. The strong demand for residential real estate, along with rising construction costs, has led to a growth in house prices: As of the end of 2021, the price of housing in France rose by 7.1 percent in nominal terms and 4.3 percent when accounting for inflation. According to the European Mortgage Federation, the house prices in France have increased by 22.4 percent between 2015 and 2021, which was higher than in Italy and Finland, but lower than in the United Kingdom (UK), Denmark, Ireland, Poland, Sweden, and many other European countries.

Rental market in Paris and France

In France, tenure is split equally among renters, owner-occupants with a mortgage, and owner-occupants without a mortgage. On average, renters paid 732 euros per month for a two-bedroom apartment in 2021, but this figure varied widely across the country. Unsurprisingly, Paris is also the most expensive French city for renters: at 29 euros per square meter, the average monthly rent in the capital was two times higher than in the second most populous city, Marseille.

Interesting statistics

In the following 5 chapters, you will quickly find the 29 most important statistics relating to "Residential real estate in France".

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