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French real estate market and international clientele

French real estate market and international clientele

International customers represent on average 2% of transactions in France and 20,000 transactions, which is significant. In Paris “4% of real estate transactions are carried out by foreigners, the majority of whom are British and in districts such as the 6th and 7th arrondissements of Paris” according to Michel Kessler (Paris-Seine Immobilier in Paris 6)

French real estate market and international clientele

The 5 most represented nationalities are the British, for 32% of the transactions, the Belgians, 15% of the transactions, the Swiss, the Germans and the Italians between 7 and 6% each. This clientele favors Provence / Côte d’Azur / Corsica (28%), the South West (17%), the Alps (15%) and the Paris region of Ile de France (12%).

The worldproperties.com site links the main real estate associations and real estate agents in the world by facilitating real estate transactions worldwide. A service such as ListGlobally also allows the French agencies of the World Property Business Club to target foreign buyers by publishing their ads through more than 120 real estate portals around the world.

 2019, France the most attractive country in Europe

The EY barometer on attractiveness published on May 20 2020 establishes France as the first destination in Europe for foreign investments. 1,197 foreign investment projects materialized in 2019 (+ 17% compared to 2018). Thus, France is rewarded for its tax and social reforms.

France comes in 1st place in Europe for investments in production and R&D and 65% of the investments announced in 2019 are long-term. Foreign companies established in France employ two million people and represent 31% of French exports.

The health and economic crisis is reshuffling the cards for 2020, but France is likely to continue to fare well. According to a survey by EY, 32% of foreign leaders believe that the attractiveness of France is improving and 50% see it stabilizing, despite the troubles of 2018 and 2019. 80% estimated at the end of April 2020 that the scope of the stimulus plans will be a determining factor in the arbitration of future investments. Even if a massive relocation is not necessarily a preferred option, 83% of the leaders interviewed foresee a trend for “nearshoring” at the borders of Europe and the Maghreb.

“European countries are part of a real stimulus competition. France should be aware that the country is being watched with lots of expectations, both for the recovery of its economy, but also its ability to design a technological, environmental and human future » declares Eric Fourel, President of EY in France.

André Perrissel

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