Investments in real estate in France
Investments in real estate have been the main pillar for preserving and increasing capital for many years. The main aspect of creating a successful investment portfolio has always been and will be the right choice of an expert company to build an investment strategy.
Team of the company - expert VelesClub Int. has been successfully growing and occupying a leading position in the field of international real estate since 2015; by the end of 2023, our company’s services already cover more than 20 countries around the world.
The economy of France, we understand it together with an expert:
The French economy tirelessly continues to demonstrate high growth rates for the European Union, which leads to dynamic growth in demand from both French and foreign investors. We should not forget that the growth dynamics of the French economy directly depends on the state of the EU economy, so 2024 will be indicative.
The French economy has demonstrated strong resilience since the coronavirus crisis and the 2022 energy crisis, competitiveness is increasing, business conditions are radically improving, which is undoubtedly a fundamental factor in attracting foreign investment to the country, the indicator is growing from year to year. If we draw a parallel with the European Union, then in 2023 the GDP of the entire Eurozone decreased by 0.1%, while the GDP of France, on the contrary, showed an increase of 0.2% in annual terms.
“A fundamental role in the positive growth trends of the French economy was played by its political structure. The country's presidential system allows the President to quickly implement new measures, so Emmanuel Macron carried out a large-scale pension reform and reform of the French labor market, carried out a lot of work to reduce the unemployment rate and improve industrial policy. Such innovations and improvements, of course, have a very positive effect on the overall economic climate in France,” clarifies the head of analytics and investment unit VelesClub Int. Ksenia Shamitko.
Relocation and migration issues to France, reasons and possibilities:
According to the World Happiness Report, France ranks 20th out of 149 in the world in terms of the level of satisfaction of residents, so people who want to radically improve the quality of their life are primarily interested in relocating to France for permanent residence.
The country has a very developed infrastructure, ample opportunities for building new and relocating businesses, which is positively influenced by the high purchasing power of the French, as well as a welcoming and friendly mentality, and a relaxed lifestyle.
Permanent residents of France have the right to permanent residence in a country with a stable economy and social guarantees; they do not need to frequently renew their status - it is enough to renew their migration card once every 10 years. Holders of French permanent residence are endowed with almost the same rights as French citizens, with the exception of the opportunity to hold positions in government bodies and take part in voting.
Upon receipt of permanent resident status in France, you acquire:
Real estate prices in France, trends and opportunities:
“At the end of 2023, we can clearly state a decline in prices for secondary real estate in France. Of course, the global political situation led us to this fact, a significant rise in mortgage prices and, as a consequence, a decrease in demand for mortgage transactions, as well as a strong decrease in activity in the country’s real estate market. This situation is definitely beneficial for investors and those interested in purchasing real estate “for themselves,” since the entry point is significantly lowered” - Development Director of VelesClub Int. Natalya Bazhenova.
In the primary (new) construction market in France, we are seeing a decline of 40%, but developers are being pressured by inflation and rising prices for building materials and resources, so prices continue to rise. According to a report by our company's analysts, prices for houses are falling much more reluctantly than for apartments; Paris and its environs are under greater pressure from the situation.
“You are definitely a winner, if you have “real money” at the moment, you can actively bargain with sellers and reach a deal with the most favorable rate. Don’t forget to enlist the support of leading companies in the global real estate and investment markets for advice and transaction support to increase capital.” – summarizes the General Managing Partner of VelesClub Int. Sergey Tumanov.
Any real estate investment requires evaluation and balance, and complete trust in market experts. A team of experienced managers at VelesClub Int. I am always ready to answer all your questions and accompany you at all stages of the transaction and subsequent reinvestment and diversification of your investment portfolio.