French real estate in rude health

France has retained its third place in the European real estate market in 2016, accumulating €31 billion in investment during the year, with a further €28-30 billion expected in 2017.

 “This is a record high for France, bettered only by Germany and the United Kingdom, which were tied for the first time ever on €53 billion of investment each,” said Laurent Boucher, Chief Executive Officer, BNP Paribas Real Estate Advisory France.

Eighty-five percent of all property investment nationwide was in Paris and its environs, according to a report by real estate advisors CBRE France, who found that a majority of investors (69%) were French, especially insurers along with real estate investment schemes and companies (OPCIs and SCPIs), all seeking long-term returns.

MIPIM, the world’s leading real estate investment trade show, was also held last week in Cannes for the 28th time, gathering a wide array of international investors in office, residential, retail, healthcare, sport, logistics and industrial property for four days of dealing, networking and learning through premium events, conferences and exhibitions.

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