The French market

Real estate market on the Riviera

The French housing market has always been a source of fascination, both for domestic buyers and international investors. With its varied geography, where picturesque mountain villages meet glittering coastal towns, the market offers a dynamism that few other countries can match. Despite experiencing challenges in the past due to economic fluctuations, it has shown remarkable resilience, making it both exciting and unpredictable.
The French real estate market has experienced a clear slowdown in 2023-24. However, the situation is expected to improve. Moreover, the last two years have been characterized by a challenging economic period marked by inflation, resulting in a decline in the purchasing power of the French population. In addition, the increase in bank interest rates made access to credit more difficult.

Price developments

The troubled times in the outside world did not help matters. After all, the Riviera is not as affected as other regions in France, Nice has even done really well with an increase of about 1%, in terms of number of sales. Incidentally, according to well-known brokers, one can say that prices have fallen on the Riviera by 5-7%.

Sellers are still trying to keep prices up, the French are always optimists. Buyers can absolutely make bargains now, especially when sellers are forced to sell.

French real estate policy

The French government is expected to continue with a supportive stance towards the real estate market. Policies aimed at promoting home ownership, such as tax breaks and

subsidies for first-time buyers, are likely to be maintained or even expanded. In addition, government initiatives focused on sustainable development and energy efficiency are expected to encourage investment in green building upgrades.

January 2025