the real estate agency market | France

2.1 Three determinants influencing demand

Banks have again lowered their rates and set average rates at *.**% over ** years, *.**% over ** years and *.**% over ** years. This is a significant decrease, particularly over the flagship period of ** years, with a *.**% drop in the average barometer, or *.**% in * months.
Key rates have also fallen since the beginning of ****. This has ...

2.2 New trends and innovations are emerging from digital technology

After a low point in **** following the global housing crisis, residential mobility for tenants increased slightly: **.*% of tenants had moved in ****, compared to **.*% in ****, an increase of *.* points [***]. This rate even reaches **.*% on the ****-**** average for studios and one-bedroom apartments, more than one in three apartments has changed tenants on ...

2.3 The expectations and image of real estate agencies among clients

Expertise, security and, to a lesser extent, the services offered by the real estate agency play an essential role in the client's choice and are therefore real differentiating factors for real estate agencies (***).
Incentives to rely on a real estate agency to buy a property, France, ****, %

By order: a reduced commission ...

3.1 Access channels

Today, there are nearly **  *** agencies, including **,*** specialized agencies for individuals recorded in France [***]
For the past ten years or so, real estate agency networks have been facing increasing competition with the emergence of networks of agents whose growth is faster than that of real estate agency networks.
The real estate sector ...

3.2 Territorial distribution

Territorial anchoring is a key factor in the success of real estate networks. The geographical proximity of the agency was, therefore, the most important criterion in the choice of an agency to sell a property according to an OpionWay survey conducted in September ****.
In terms of the geographical distribution of the ...

3.3 The network of self-employed people is declining in favour of franchises

Franchise networks occupy a quarter of the real estate sector and represent ** to **% of market turnover. The main players, developing into a network, have a large number of franchisees, called branch offices. Thus, the Orpi real estate cooperative has *,*** branches, Century ** has *** branches, Laforêt Immobilier has *** branches and Guy Hoquet ...

3.4 Competition from individual trading

In ****    in France, **% of transactions are now being carried out through a professional intermediary    according to the data of the Notaries of France, even if the majority of the actors start the process of sale or purchase via individual trading.
Shares of sales made from private individual to private individual, France, ...

3.5 Evolution of digital technology

The real estate agency market was strongly impacted by the digital revolution and its effects, on three business lines in particular:
online classified ads ; innovative services to improve the sales tool; platforms sales assistance for individuals (***); increased competition from individual players and online advertisers against agencies.
Physical real estate agencies are ...

4.1 Real estate prices are rising in most urban areas

Between **** and ****, the prices per square metre increased by *.*% according to FNAIM (***)
The price per square metre of the apartments amounted to *,***€ in ****, an *,*% increase compared to **** (***).
According to the map proposed by FNAIM below, the regions where prices have increased the most are Bordeaux (***).
Evolution of sales prices per square ...

4.2... Which benefits real estate agencies

The commission rate is the most important element in the choice of whether or not to use a real estate agency. Real estate agencies face competition from free direct-trading platforms and real estate broker networks that can offer more attractive rates.
Since ****, there has been no more cap on commissions and ...

5.1 A strict regulatory framework that is evolving

Hoguet Act: regulation of real estate activity
The activity of real estate professionals (***).
The loan at zero interest rate for existing housing is granted for purchases in cities with less than ***,*** inhabitants
On the *st January ****, access to the interest-free loan has been facilitated to develop access to property in the ...

5.2 ALUR and ELAN laws

The ALUR law
Law n° ****-*** of ** March **** on access to housing and renovated urban planning (***) has three main objectives:
to regulate real estate markets and regulate abusive practices, to promote access to housing, protecting the most vulnerable populations, to develop innovation and transparency.
As part of the activities of real ...

6.1 Segmentation

• Century 21
• Orpi
• LAFORET Immobilier
• Guy Hoquet
• L'Adresse
• ARTHURIMMO.COM
• Foncia
• AVIS Immobilier
• ERA France
• CAPIFRANCE
• OPTIMHOME
• SAFTI
• PAP.fr
• SeLoger.com