Summary and analysis of France's current living capital markets conditions
Étude
France Living Capital Markets Dynamics, Q2 2025
The residential real estate investment market, which had been sluggish for several quarters, demonstrated significant revival in Q2 with investments exceeding €1.1 billion. This strong performance brought H1 2025 figures to €1.9 billion, representing an 11% increase year-on-year and placing just 20% below the historical average.
After a two-year absence of significant portfolio transactions, the market witnessed their welcome return during the first half of the year. The standout deal was NUVEEN and GSA's acquisition of the "YouFirst Campus" portfolio from GECINA, valued at over €550 million. Portfolio transactions accounted for 34% of the overall investment volume.
Foreign investors substantially increased their market presence in H1, capturing 41% of total investments. This notable uptick in international participation was largely attributable to the landmark "YouFirst Campus" transaction.