_Download the Prime France Report 2021
Knight Frank has launched the Prime France Report 2021 which charts the performance of the country's prime residential markets in key regions during the pandemic and beyond.
July 05, 2021
Despite a challenging backdrop France’s prime residential markets were resilient in 2020 as the pandemic sparked a reassessment of housing need amongst French buyers. In 2021 there has been surprisingly robust activity due in no small part to the appetite from French buyers.
Key findings - at a glance:
- France’s prime markets saw prices increase 1.3% on average in 2020 and umulative sales increased 5% in the six months to February 2021
- Paris: Prime prices across the capital dipped in 2020 but supply constraints along with big capital spending (Grand Paris Project & 2024 Olympics) will support future growth
- South of France: Monaco residents were a strong component of demand in 2020
- Alps: 26% of European UHNWIs are more interested in buying a ski home as a result of the pandemic
- Outlook: Prime France will remain a sellers’ market until Q1 2022 as more pent-up demand is released and borders reopen but activity will slow ahead of the May 2022 Presidential Election