French Real Estate Market
French house prices continue to rise modestly, despite continued social unrest and broader eurozone slowdown. In Metropolitan France, house prices rose by a modest 3% during the year to Q1 2019 (1.8% inflation-adjusted), at par with the previous year's growth, according to the National Institute for Statistical and Economic Studies (INSEE). It was the thirteenth consecutive quarter of year-on-year price hikes. Quarter-on-quarter, house prices increased 0.7% in Q1 2019 (0.9% inflation-adjusted). The good news is that if you have an apartment in Paris you will have no trouble letting it. Demand outstrips supply,
There are no restrictions on foreign ownership in France. Most property is freehold. Apartments are mostly held in two forms of freehold: co-ownership (which has meetings of co-owners, with votes taken and accounts kept), and volumes, adapted mostly for mixed-use developments. There are also leaseholds, for up to 99 years.
International Investment in France
A foreigner can legally buy and operate real estate in France. As a result, France has always been a real estate option for an investor who wants to diversify his portfolio and enjoy a favourable economic trend.
The real estate market in France is favourable for transactions and investments for several reasons:
- A transparent and open system.
- The law is in favour of the owners and protects them.
- A foreigner can become owner in France.
- Taxation is favourable.
The European Union and the other countries signed an agreement in order to avoid the double taxation on the rental income but also on the inheritances and the donations.