The French real estate market, constantly evolving, saw significant changes in 2024. While certain regions suffer stagnation or slight decrease, others are experiencing significant growth.
Let us analyze the French regions together where the real estate market is expanding, according to the key performance indicators, the price developments per square meter and the opportunities offered to investors.
Unequal growth throughout the country
Real estate in France remains a refuge value for many investors, both national and international. However, growth is not homogeneous throughout the country. In 2024, certain regions clearly stand out for a particularly favorable market dynamic.
The île-de-France region: a resistant market
Despite historically high prices, île-de-France continues to attract investors and buyers. In 2024, the average price per square meter in Paris reached 11,000 euros, a 2% increase compared to 2023. This increase, although moderate, is explained by an always sustained demand for quality housing in precious neighborhoods such as Marais, Saint-Germain-Des-Prés or the 16th District.
The neighboring departments of Paris, including Hauts-de-Seine and Yvelines, also show a price increase, with +3.5% and +4% respectively. These increases are largely taken by the attractiveness of improved public transport (Grand Paris Express), and for a greater demand for housing that offers a greener life environment, while remains close to the capital.
The Provence-Alpes-Côte d’Azur (Paca) region: the sun always attracts
The real estate market in the Paca region continues to shine in 2024. Cities such as Nice, Marseille and especially Aix-en-Provence are in the heart of this dynamic. The prices per square meter in Nice increased by 6% to an average of 5,600 euros, while in Aix-en-Provence, the price crossed the 5,000 euros brand with a growth of 5.8% for a year.
This region particularly attracts international buyers, especially from the countries of northern Europe, seduced by the Mediterranean climate and the quality of life. In addition, investors see an attractive value of added value, with a flourishing rental market, especially for seasonal rentals.
Brittany: an ascending value
Brittany won in 2024 as a region of expansion, with the increase in real estate prices in cities such as Rennes and Brest. Rennes, in particular, is experiencing a significant increase in prices (+7.2%), with an average price per square meter of 3,500 euros. This progression is supported by the growing attraction of the city for young workers, attracted by the job opportunities and the quality of life offered by this dynamic metropolis.
Brest, although cheaper with an average price of 2,200 euros per square meter, recorded an increase of 6.1%. This city, previously underestimated, now benefits from the renewed interest thanks to ambitious urban development projects and a greater attraction for families and retirees seeking a relaxing and affordable life environment.
What are the key performance indicators?
Price evolution per square meter
The evolution of the price by square meter is a fundamental indicator to evaluate the health of the real estate market. In 2024, the most notable increases concentrated in the regions mentioned above, with significant variations according to local specificities.
On average, île-de-France remains the most expensive region with an average price of 8,500 euros per square meter, while the Paca region continues with around 4,800 euros. Brittany, although relatively affordable, shows rapid valuation signs, with an average price of around 2,800 euros per square meter.
The rental vacancies rate
The rental vacancies rate is another indicator to monitor, especially for rental investors. A low vacancies is synonymous with high rental demand, which guarantees a more stable profitability.
In 2024, vacancies rates were particularly low in île-de-France (around 2%), especially in areas well served by public transport. In Paca, this rate is slightly higher in around 3.5%, but remains below the national average, indicating a solid rental demand, especially in coastal areas.
Brittany shows a rental vacancies rate of around 3%, with Rennes and its environment experiencing a very high demand due to the population and economic growth of the region.
Interest and impact rates
Interest rates remain a key factor that influences the dynamics of the real estate market. In 2024, although interest rates increased slightly compared to 2023, they are still relatively low, ranging around 3% for real estate loans. This situation continues to promote access to property, especially for first -time buyers, and stimulates real estate investments.
What opportunities for investors in 2024?
Rental investments in île-de-france
Île-de-France, with its expanding infrastructure and demand for sustained rental, remains a privileged option for investors. Small areas in areas well attended by the new Grand Paris Express lines represent an interesting opportunity, with gross yields that range between 4% and 5%.
The PACA region: seasonal rental and added value
In the PACA region, investors can capitalize on tourist demand by opting for seasonal rental. Nice and its surroundings offer attractive yields, with a high occupancy rate throughout the year. In addition, real estate evaluation in this region suggests good prospects for added value in the medium term.
Brittany: A booming market
For those looking for long -term opportunities, Brittany has an interesting potential. The strong price growth in Rennes and Brest, associated with a solid rental demand, makes a region closely monitored. Investments in new real estate, favored by local urban development policies, offer attractive perspectives for profitability.
In 2024, the French real estate market showed clear signs of dynamism, but with marked regional disparities. Île-de-France, the Paca and Brittany region appear as areas with high potential, each with specific characteristics that can attract different investor profiles.
For investors, it is crucial to analyze local trends and key performance indicators to maximize their yields. Whether for an investment in rent or to take advantage of the evaluation of goods, these regions offer many opportunities in 2024. In a context in which interest rates remain low, real estate is likely to remain a safe bet for those who seek to ensure and make their capital grow.
