The turnover from the buying and selling of own real estate in France has shown volatility over the years. Between 2013 and 2014, the market experienced a decline. However, from 2015 to 2018, there was a steady upward trend with a significant peak observed in 2018. Post-2018, the market exhibited fluctuations but consistently remained in the positive growth territory.
As of 2023, the market stood at 10.82 billion Euros. The year-on-year variation for 2023 was 1.8%, indicating modest growth, while the last five-year CAGR was -0.7%, suggesting some contraction in the medium-term.
Future trends to watch for:
- Forecasted steady growth in turnover with a forecasted CAGR of 1.29% over the next five years.
- Potential stabilization around 11 billion Euros, driven by an aggregate five-year growth rate of 6.64% up to 2028.
- Economic and regulatory impacts on the real estate market, including interest rates, property taxes, and urban development policies which can influence future trends.