What are the prospects for the French real estate market?

Discussion in 'French Property' started by totallyproperty, Mar 29, 2014.

  1. totallyproperty

    totallyproperty Administrator Staff Member

    The French real estate market struggled during the height of the Euro crisis and while the economy still has some way to go, some investors believe there is good long-term value. What do you think about the prospects for the French real estate market?
  2. LPC

    LPC New Member

    To be honest, it all depends on the French economy and how it is handled politically. At the moment, the mood is fairly pessimistic regarding any recovery at all. The current president is unpopular and the government is not doing well, either. House prices are stable, but anything over 200 000 euros is almost impossible to sell outside Paris or other expensive areas. The number of foreign buyers remains limited, and French buyers cannot get large loans because of caution by lenders.

    There is unlikely to be any improvement in the near future.
  3. LPC

    LPC New Member

    The situation remains unchanged. However, soon it will be possible to check on house trends in France weekly:

    A new French residential property price index is to be launched in September 2014. Its creator is Michel Mouillart, a professor of economics at a Paris university and director of the Housing Credit Observatory. He claims that it will provide more up to date information than existing data.

    The Prix de l’Immobilier index will update weekly. It will use figures on property transactions from banks, financial institutions and the Syndicat National des Professionels Immobiliers (National Syndicate of Real Estate Professionals).

    When I hear more about this going live, I will update the thread.
  4. Michelle Barringer

    Michelle Barringer Member Forum Partner

    It depends what you invest in - France is the world leading Tourist destination - with 83million visitors a year - so investing in real estate to provide accommodation for tourism should perform well.
  5. Ctalbot

    Ctalbot New Member

    I have a family friend who bought an apartment 'en viager' in Paris. The apartment was owned by an elderly woman and once she passed my friend became sole owner of the apartment.. and for half the apartments value! The viager has become a popular solution to investing in property in France.

    My friend went through an agency called BM-finance, a local Paris agency.
  6. James White

    James White New Member

    It is good to invert in the French real estate. I am also seeing that the UK people also have interest in the French property. That is why, there are several platforms available online through which you can sell or buy the French property easily without any hassle.
  7. James White

    James White New Member

    It is good to invert in the French real estate. I am also seeing that the UK people also have interest in the French property. That is why, there are several platforms available online through which you can sell or buy the French property easily without any hassle.
  8. nmb

    nmb Well-Known Member

    I often read that red tape in the French property market is far greater than that in the UK. Do the French authorities really welcome overseas property investors?
  9. lookinginvest

    lookinginvest Member

    What kind of rental yield would tempt you to buy French property? Would you be looking to crystallise a profit fairly quickly or would you be in for the long-term?
  10. thuyhoa37

    thuyhoa37 New Member

    Actually, if you buy a property in Paris it is much more expensive than another suburb of Paris. My recommendation for you is that be patient in your search for the perfect home. Best wishes for you!
  11. Lets put economic and property markets aside, I think France is starting to become a real voice in the EU. The recent argument with Germany saw France come out on top in my view - maybe France is going to fill the void left by the UK? But will they contribute as much to the EU budget as the UK? Simple answer, no.....
  12. thuyhoa37

    thuyhoa37 New Member

    Totally Agree with you! But right now, France is changing a lot. And I think they will contribute to the EU budget more than before!
  13. lookinginvest

    lookinginvest Member

    Hi @thuyhoa37

    How do you see the French property market panning out in the short to medium term?

    Personally I think the EU economy is on the same rocky road as the UK, it will not be a bed of roses after Brexit for anyone.
  14. thuyhoa37

    thuyhoa37 New Member

    Hi @lookinginvest,
    I heard some news from my friends and family. I want to first apologize for any inconveniences or problems I may have caused you. As you know we have affected by Brexit and Trump. Trump and Brexit put global economic growth at risk :(
  15. diyhelp

    diyhelp Active Member

    France seems to be emerging as the second power in the EU as Spain, Italy and Portugal fall by the wayside. Is France a net contributor to the EU budget? If my memory serves me right I think France take a lot out of the pot for their farming industry?
  16. thuyhoa37

    thuyhoa37 New Member

    We can not expect that France is the best country to live but what we have done and what we will do for France's economy may help it becomes better in the future.
  17. FWL

    FWL Member

    How do you see the French economy developing after Brexit - surely with France the nearest EU country to the UK it must stand to gain a lot of historic UK(EU) business?
  18. realdeals

    realdeals Active Member

    While France is probably in it's best position ever within the European Union it is worth noting the recent major political upheaval in the country. There are many French people at odds with the official government immigration policy with numbers likely to grow unless major changes are made by the European Union.
  19. Paolo Agostinelli

    Paolo Agostinelli New Member

    I'm very surprised that no one has commented on the looming debt crisis in Italy and Spain as major contributors. If those two situations continue to spiral out of control (and let's face it, no one knows what to do about it), the Euro will be crushed and will take years to recover.
  20. Paolo Agostinelli

    Paolo Agostinelli New Member

    I respectfully disagree. More accurately, global GDP growth should continue to expand through 2020, even as the UK remains one of the worse performing advanced economies in the world and the slowest growing economy in Europe (sans Italy), and with the Eurozone and Japan as the only to regions to show slowing GDP growth until then. The IMF associates an aging population (decreasing productivity) and increasing inflation to slowing global GDP growth 2020+. Just as importantly, the ending of loose monetary policy is coming to an end and tighter financial conditions will expose consumers, corporations, and countries to the full cost of the debt they had built up over the past decade of historically low interest rates.

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