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.

No Comments

Add a Comment

As it will appear on the website

Not displayed

Your website