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.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Mar 3, 2022

Key insights

Number of sales and reservations of new homes in France
29.4k
House price index (base=2015)
144.15
Annual house price change
7.1%
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Editor’s Picks Current statistics on this topic

Average square meter price of an apartment in Paris as of January 2022, by arrondissement (in euros)

Apartments

Price per square meter of apartments in Paris 2022, by arrondissement

Average monthly square meter rent of apartments and houses in Paris, France as of September 2021, by arrondissement (in euros)

Apartments

Average rent for apartments and houses Paris 2021, by district

Average monthly rent per square meter for rental apartments in France as of January 2022, by city (in euros)

Apartments

Average rent price for apartments in the largest French cities 2022

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France
France
Housing market in the United Kingdom
Housing market in the United Kingdom
Economic Outlook France
Economic Outlook France
Home purchasing in the United Kingdom (UK)
Home purchasing in the United Kingdom (UK)
Local authority and social housing in the UK
Local authority and social housing in the UK
Residential real estate in the Netherlands
Residential real estate in the Netherlands
Residential real estate in Belgium
Residential real estate in Belgium
The housing market in Finland
The housing market in Finland
Residential real estate in Italy
Residential real estate in Italy

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