The real estate crowdfunding market in France

Real estate crowdfunding is slowing down in France because it mainly finances property development, hit by rising interest rates since 2022. According to Informations entreprise (April 2025), the collapse in sales drained developers’ cash and multiplied defaults. New-build home sales to individual investors fell to 9,469 in 2025, according to the Fédération des promoteurs immobiliers (the French property developers’ federation) cited by Challenges (September 2026). Saver confidence has suffered, and platforms struggle to complete their fundraisings.

The main risk of real estate crowdfunding in France is late or defaulted repayment. According to a study by the Autorité des marchés financiers (AMF, the French financial markets regulator) cited by Informations entreprise (April 2025), nearly 30% of financed projects were delayed as of 31 March 2024, and defaults were starting to appear. The AMF considers the market poorly structured: some players favoured rapid growth, and several hundred million euros are at risk. Invested capital is not guaranteed.

French crowdfunding, of which real estate has historically been the largest segment, is stabilising without a rebound: €1.763 billion raised in 2025, up 1.8%, but 132,369 projects financed, down 19.1%, according to Maddyness (September 2026). In the first half of 2025, the France FinTech and Forvis Mazars barometer counted €819 million raised, according to Les Nouvelles esthétiques spa (April 2026). Real estate weighs less than in the days of low interest rates.

In France, real estate crowdfunding falls under Regulation (EU) 2020/1503 on European crowdfunding service providers. According to the European Commission, these rules have applied directly across the Union since 10 November 2021, and the transitional period was extended to 10 November 2023; licensed platforms obtain a European passport. The amount raised per project is capped at €5 million, according to Les Nouvelles esthétiques spa (April 2026). Authorisation is granted by the AMF.

Real estate crowdfunding in France brings together specialised platforms, developers and property dealers as borrowers, and individual savers. The sector is reshaping: the Bordeaux-based platform Tudigo, which claimed more than €200 million invested and 25,000 investors, was placed in receivership (redressement judiciaire) on 5 August 2026, according to Maddyness. New models are emerging, such as club deals: Offstone, launched by Jonathan Anguelov, requires a €20,000 ticket, according to Maddyness (January 2026).

A PDF report in French, 2026 edition, organised in six chapters: definition and workings of real estate crowdfunding, market size and dynamics, savers and project owners, platforms and players, regulation and risks, market outlook.

Publications from the Autorité des marchés financiers and the European Commission, crowdfunding barometers, the business press and trade press articles from the IndexPresse database. Every figure comes with its source and period.

Yes. The study is updated before it is sent, within 48 hours at most: it includes the latest published data, and every figure comes with its source and period.

Crowdfunding platforms, developers and property dealers, wealth management advisers, banks and investors, and consultants who need to understand the real estate crowdfunding market in France.

By email, as a PDF, within 48 hours of payment. Our analysts use that time to add the latest available data before sending. You then find it in your My studies area.

A search engine or a general-purpose AI relies on the public web. Our analysts also work with the IndexPresse professional press database, built over more than 35 years, check the original sources and state the period and scope of every figure. You get a structured document you can cite in a business plan or a bank file.

An invoice with VAT is emailed after every payment, and you can enter your company VAT number. For a quote, a purchase order or a bank transfer, contact us.

If the report does not match the contents shown on this page, we redo it or refund you, as our terms of sale provide. Before buying, you can browse the free preview and ask the team your questions.

Yes: the pack of 5 studies costs €370 excl. VAT, that is €74 per study instead of €99. You pick your studies freely for 12 months.