France is a democratic, law-based state and one of the economic and political leaders of the European Union and the world. The country is a member of the most important international organizations in the world, including the UN Security Council, the European Union, the Organization for Economic Cooperation and Development, the G7, and the G20. The permanent population of the French Republic is approximately 68,000,000 people, around 5,000,000 of whom live in France’s overseas territories. The main drivers of the country’s economy are the extractive and manufacturing industries, the energy sector, light industry, food industry, tourism, and the construction sector. France is the most visited country in the world, with Paris being the most touristy city. The total number of tourists visiting the French Republic annually exceeds 86,000,000, significantly surpassing the country’s population. Additionally, the country attracts a large number of businesspeople, students from numerous local universities, skilled professionals working in local enterprises, and individual and family migrants moving to the country for permanent residence.
Construction and Real Estate Market in France
Every year, thousands of new residential and commercial real estate properties are put up for rent in French cities, along with numerous secondary properties being renovated, including in historic buildings of old neighborhoods. In the French Republic, there are thousands of developers of various sizes constantly working, constructing real estate of all possible types. When carrying out construction, developers must not only comply with strict French building standards but also preserve the historical appearance of cities and the atmosphere of Western Europe. Among the most common types of real estate in France are:
- Apartments, studios, lofts, penthouses in low-rise and high-rise residential complexes;
- Individual residential construction: cottages, houses, mansions, villas in gated communities;
- Commercial real estate: warehouse premises, retail spaces, hotels, and manufacturing areas;
- Land plots for various purposes.
Real Estate Agencies in France
The construction and real estate market in France is serviced by more than 15,000 real estate agencies and thousands of individual real estate agents specializing in properties in French cities. Experienced, qualified real estate agents select the best properties in accordance with the client's characteristics and budget, ensure legal transparency and the cleanliness of transactions, reduce fraud on the real estate market, create a trusting, professional atmosphere on the market, and also help attract new, wealthy investors who prefer conservative investments in stable markets.
Additional Costs When Purchasing Property
Buying real estate in France involves a number of mandatory additional costs:
- VAT on the purchase of new properties — 20% of the property value;
- Registration tax (for secondary properties) — 4.9%;
- Notary fees — 3.6%–12%, depending on the complexity of the acquisition process;
- Registration fee — 0.1%;
- Agency fees (paid by the property buyer) — 2%–6% of the property value.
Reviews of Real Estate Agencies in France
Our website features reviews of real estate agencies in France, left by property buyers. Reviewing these opinions will allow you to form your own judgment about the qualifications of the agency staff and make an informed decision about the possibility of cooperation with one of them.
To make a choice when buying French real estate, you can check out the rating of real estate developers. And if you are interested in a specific location, then check out the offers of real estate agencies in Paris.