The value added of real estate in France has shown a consistent upward trend from 2013 to 2023, increasing from 242.38 billion euros to 296.54 billion euros. The annual growth has generally been positive, except for a notable dip in 2020 when the market faced a contraction of 3.64% likely due to the impacts of the COVID-19 pandemic. Despite this setback, the market bounced back with a significant growth of 7.04% in 2022. As of 2023, a moderate year-on-year growth of 1.63% was observed, and the average annual growth rate (CAGR) over the last five years has been 1.89%.
Future trends to watch for include:
- Stabilized growth: The forecasted 5-year CAGR from 2023 to 2028 is 1.28%, indicating a stabilized yet moderate growth.
- Potential impacts of economic policies and inflation: Changes in economic policies and inflation rates could affect the real estate market dynamics.
- Technological advancements: New technologies and digital transformation in real estate operations could drive efficiency and market innovations.
