FRENCH REAL ESTATE

Where is the French real estate market heading in 2022?

Over the past two years, even amidst ‘Brexit’, covid uncertainty, restrictions, and resulting periods of intermittent slowdowns, the market remained surprisingly strong. We are not back to 2006 price levels but we are still an average of 10% below those levels.

It’s forecast that prices will continue to rise at a robust 3.5% this year. This is fuelled to a degree by low stock levels and a continued healthy demand from within France and internationally!

During covid, many businesses have adjusted their point of view when it comes to rigid employment models and used more flexibility in terms of ‘office presence’. This, and possibly fuel prices, could have a noticeable impact on the type of lifestyle people choose and therefore the kind of property they opt for.

I foresee property rental income remaining strong, especially and notoriously in the south of France, making France a great country in which to buy investment properties. The French property market remains highly lucrative for British citizens, especially as we have been seeing record exchange rates for sterling/ GBP!

Anyone wishing to invest in property in France is well advised to make use of the strong pound (GBP) and lock in an exchange rate. There are a host of tools available to facilitate these kinds of transactions, with varying levels of flexibility.

I think it’s important to have a rough idea of the area you want to buy. Choose an agent who is with a highly reputable agency, who can draw on their network of clients and colleagues to help avoid classic pitfalls and to make your property search a success.

Daniela Weiss works as a Conseillère Immobilier for Safti France. Safti has a network of over 5,500 agents across the country and heavily invests in software tools and technology to facilitate searches across the regions.

Daniela, who caught the property bug in England, speaks 4 languages and can help clients navigate a highly regulated real estate market in France. To contact Daniela, email Daniela. weiss@safti.fr or call +33 (0)6 43 57 83 73