The residential property managers market in France

Eurostat counts 9,127 property management firms in France in 2024, up from 8,380 in 2021, an increase of 8.9%. They employ 42,347 people, down from 44,365 in 2023. Average revenue is around €628,000 per firm, based on a calculation from Eurostat: alongside a few national networks, the property management market in France rests on a large number of independent firms.

Loi n° 70-9 du 2 janvier 1970, known as the Hoguet law (the French law regulating real estate professions), governs property management and the role of condominium manager in France. Its article 3 reserves these activities for holders of a professional card, issued by the president of the local chamber of commerce and industry. The card requires professional competence, a financial guarantee and professional liability insurance, which limits the entry of new property managers into the market.

Loi n° 89-462 du 6 juillet 1989 (the French 1989 tenancy law), in its article 6, requires landlords to provide a decent home meeting a minimum energy performance level. Since 1 January 2025, a rented home must be rated between A and F; this threshold moves to class E on 1 January 2028, then to class D in 2034. For property managers in France, this timetable weighs on advice to landlords, renovation work and the turnover of management mandates.

The property management market in France brings together national networks, such as Foncia or Citya Immobilier, groups of firms and several thousand local independents. Eurostat counts 9,127 firms in 2024 for €5.73bn in revenue, which reflects strong fragmentation. Estate agencies that carry out management on an ancillary basis, alongside transactions, are also subject to the Hoguet law and its professional card.

According to Eurostat, property management revenue in France has stayed close to €5.7bn since 2022, while the number of firms is rising and employment fell between 2023 and 2024, based on a calculation from Eurostat. The tightening of energy performance requirements set by the law of 6 July 1989 for 2028 and 2034 reinforces the advisory role of managers towards landlords.

A PDF report in French, 2026 edition, organised in six chapters: the profession and its scope, market size and dynamics, owner demand, supply and players, regulation, and the outlook for property management.

Business statistics from Eurostat and Insee, official texts published on Légifrance, including the Hoguet law and the law of 6 July 1989, and the trade press. 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.

Property managers and estate agencies, founders and buyers of firms, software vendors and insurers serving the sector, as well as bankers, investors and consultants who need to understand the property management market in France.

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