Wealth transfer from baby boomers to impact French real estate

A wave of property inheritances from the baby boomer generation is expected to significantly disrupt the real estate market in France over the next 15 years, according to a study analyzing 1000 cities.

Estimated value of inheritances

The transfer of wealth, estimated at between 6,000 and 9,000 billion euros over the next 20 years, will see 60% of these inheritances consist of real estate. This large volume of inherited properties is expected to cause fluctuations in property prices across the country.

High rate of property sales by heirs

According to Nicolas Jeffs, a real estate agent who published a study on the subject, nearly 70% of heirs sell the property, citing reasons such as family disagreements, retirement planning, taxation, and renovation costs. This high rate of sales may contribute to increased market activity and price changes.

Impact varies by city

The impact will vary by city, influenced by demographic factors such as the age of the population and the number of elderly property owners, as well as the dynamism of the local real estate market. Some areas may experience more significant changes than others based on these factors.

Risk levels analyzed for each city

The study analyzed the level of risk for each of the 1000 cities based on six specific criteria, highlighting where and when current property owners should prepare for potential price fluctuations. This analysis helps identify regions that may be more affected by the influx of inherited properties.