Investing in property in France rose by 4.5%

Investing in property in France rose by 4.5%

French real estate investment transactions hit a total volume of €16.8 billion in 2012, marking an annual growth of 4.5%, according to themovechannel.com referring to Savills. In addition, investments in real estate in 2012 were higher than the average for the last 10 years (€ 14.2 billion).

"2012 was a surprisingly good year for the French market investments, where was a growth of transactions over € 100 million (46 vs. 40 in 2011), as well as a number of deals over € 500 million. Principally, large purchases made by investors from Qatar," said Boris Cappelle, head of investment at Savills France.

The office market in France continues to lead in terms of investment (62% of total in 2012). It is expected that prime office property will remain at 4.25% of the total investment in 2013.

According to the Savills’ forecast, investment volume in French property will reach between € 6 billion to € 8 billion by the end of the 1st half of 2013.