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French Property Market Predictions for 2021

The following report is a translation from a recent report provided by the Chambre de Notaires de France:

The year 2020 was an unprecedented year in French real estate. The results for the 4th quarter have confirmed what the Chambre de Notaires said in December 2020, when they were already announcing a resilient real estate market, thanks in particular to healthy and solid parameters whose nature does not seem to be suffering from the effects of the health crisis. In terms of the volume of sales, an upward recovery has been observed since September 2020, totaling 1,024,000 transactions as of December 31, 2020, limiting the decline in volumes to 4 percent year-to-year. What might appear to be a poor performance must obviously be put into perspective in view of the period of near disruption of the market during the 1st confinement in spring 2020.

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