Overview

• In 2024, only 59,014 new housing units were created in France, a 29% drop from 2023 and nearly half the average from 2017–2022.
• The sharp decline is attributed to high construction costs and rising interest rates, which deterred homebuyers and stalled developments.
• The number of housing reservations by individuals fell by 5% in 2024 compared to 2023, and was 40% lower than in 2022.
• The stock of available housing remains high, but experts warn that a return to normal reservation levels could result in supply shortages.
• Industry leaders predict it will take two to three years to recover, with potential price increases driven by labor shortages and competition for land.