Construction has halved
According to the report, the key reason for the crisis is the drop in new construction. Whereas before the pandemic, about 7,000 new units were added annually in the region, by 2025 this figure has fallen to less than 3,500.
Market experts (from notaries to developers) agree: it is the shortage of new supply that has become the main factor of overheating. Limited construction cannot keep up with demand in one of the most attractive regions of France.
The secondary market isgrowing fastest
Against the backdrop of a shortage of new buildings, the secondary housing market has intensified.
The volume of transactions reached its highest level in a decade (except for a short-term spike after the COVID-19 pandemic).
The average cost of housing is also steadily increasing: the price reached 4,810 euros per square meter. Prices are expected to reach 5,000 euros in the near future.
New buildings are worth their weight in gold
The segment of new housing is experiencing an even more acute shortage. Now there are about 1.8 thousand objects for sale – almost twice less than before. Against this background, prices continue to increase. In 2025 they rose to 6,987 per square meter, while a year earlier they were at the level of 6636 euros per square meter
This is noticeably higher than the dynamics on average in France, where price growth is still moderate.
Housing is becoming unaffordable for locals
The report also captures the changing profile of buyers. The typical homeowner in the region today is an affluent local resident, executive or top manager.
Foreign buyers make up about 10% of the market, and young people under 29 years of age – only 15%. At the same time, representatives of the middle class are virtually excluded from the housing purchase market.
Experts note that the shortage of affordable housing already goes beyond the real estate market and turns into a socio-economic problem. If the current trend continues, the region may face a shortage of workers in key areas – from the service sector to the tourism industry.
