Over the period from 2013 to 2023, household expenditure on housing in France showed a general upward trend, growing from 15.08 billion Euros to 18.02 billion Euros. The growth rate fluctuated over these years with notable peaks and troughs, such as a significant increase of 6.97% in 2022. The CAGR for the last five years stood at an average of 1.68%, indicating consistent growth despite the occasional downturns, such as in 2020 where there was a dip of 3.35%.
Looking ahead, forecasted data from 2024 to 2028 suggest a continued rise in household expenditure on housing, reaching an estimated 19.42 billion Euros by 2028. The projected CAGR over the next five years is 1.23%, signaling steady but moderate growth. The total forecasted growth rate over this period is 6.32%.
Future trends to watch for include:
- The impact of inflation and interest rates on housing affordability.
- Government policies related to housing and urban development.
- Shifts in consumer behavior post-pandemic, particularly concerning remote work and its influence on housing preferences.
- Sustainability initiatives and their effects on housing costs and investments.