Real Estate Markets of France and the Francophonie

Market of France

Paris and Île-de-France

Paris intra-muros (20 arrondissements): One of the most expensive markets in the world. Average price: €9,000–12,000/m² (2024). Records: 8th, 7th, 6th arrondissements (>€15,000/m²).

Investment logic:

Supply shortage — a chronic phenomenon
High liquidity
International demand (especially luxury)
Limited construction in the center (historic development)

Grands projets:

Grand Paris Express — 200 km of new metro lines by 2030 → development of suburbs
Saint-Denis Pleyel — new business center
Saclay — technological cluster (French Silicon Valley)

Régions

Côte d'Azur: Nice, Cannes, Antibes, Monaco

International luxury market
Growth in demand from UAE/GCC investors
Price: €5,000–50,000+/m² (Monaco)

Lyon: Second business center of France

Strong local market, technology, pharmaceuticals
Price: €4,000–6,000/m²

Bordeaux, Toulouse, Nantes: Fast-growing cities

Maghreb (Le Maghreb)

Maroc (Morocco)

Casablanca: financial center of the region

Casablanca Finance City (CFC) — strategic zone for attracting international finance
Growth of office and residential markets

Marrakech: luxury/resort market

Strong international demand
Riads (courtyard-hotels) — popular investment format

Règles pour les étrangers:

Foreigners may own real estate without restrictions
Repatriation of funds: allowed for non-residents when purchasing with foreign funds

Sénégal / francophone Sub-Saharan Africa:

Dakar, Abidjan (Côte d’Ivoire), Luanda (Angola) — growing markets with a shortage of quality housing and offices.

For investors from GCC:

Growing interest in Africa as an investment destination
Connections via Francophonie — shared language facilitates business contacts
Infrastructure gap = investment opportunity

Lisbon

Special interest: Portugal offers NHR (Non-Habitual Resident) regime for new residents — preferential taxation, which attracts French and other Europeans.

Key Expressions for International Transactions

Droit applicable: loi française / loi marocaine... — Applicable law: French / Moroccan...
Résidence fiscale — tax residency
Convention fiscale bilatérale — bilateral tax treaty
Double imposition — double taxation
Optimisation fiscale (légale) — tax optimization (legal)